ASML Holding N.V. (NASDAQ:ASML) announced its quarterly earnings data on Wednesday. The semiconductor company reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.24, Morningstar.com reports. ASML Holding N.V. had a return on equity of 18.48% and a net margin of 23.69%. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter last year, the firm posted $0.93 earnings per share. The company’s revenue for the quarter was up 34.8% compared to the same quarter last year.
ASML Holding N.V. (NASDAQ ASML) opened at 171.73 on Thursday. The stock has a 50 day moving average price of $166.09 and a 200-day moving average price of $145.54. The stock has a market capitalization of $73.94 billion, a PE ratio of 32.48 and a beta of 1.13. ASML Holding N.V. has a 12-month low of $98.71 and a 12-month high of $176.87.
Several institutional investors have recently added to or reduced their stakes in ASML. Tower Research Capital LLC TRC raised its stake in ASML Holding N.V. by 8.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,075 shares of the semiconductor company’s stock worth $143,000 after acquiring an additional 86 shares in the last quarter. FNY Managed Accounts LLC acquired a new stake in ASML Holding N.V. during the 1st quarter worth $199,000. Sit Investment Associates Inc. raised its stake in ASML Holding N.V. by 53.4% during the 2nd quarter. Sit Investment Associates Inc. now owns 1,726 shares of the semiconductor company’s stock worth $225,000 after acquiring an additional 601 shares in the last quarter. American Trust Investment Advisors LLC acquired a new stake in ASML Holding N.V. during the 2nd quarter worth $229,000. Finally, Mckinley Capital Management LLC Delaware acquired a new stake in ASML Holding N.V. during the 2nd quarter worth $265,000. 16.08% of the stock is owned by institutional investors and hedge funds.
ASML Holding N.V. announced that its board has initiated a share repurchase plan on Wednesday, July 19th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
ASML has been the topic of several analyst reports. Susquehanna Bancshares Inc raised ASML Holding N.V. from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $130.00 to $190.00 in a research report on Monday, September 18th. Bank of America Corporation reissued a “buy” rating and issued a $165.00 price objective (up previously from $140.00) on shares of ASML Holding N.V. in a research report on Sunday, June 25th. Zacks Investment Research cut ASML Holding N.V. from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Sanford C. Bernstein reissued an “outperform” rating and issued a $184.00 price objective (up previously from $172.50) on shares of ASML Holding N.V. in a research report on Thursday, September 21st. Finally, Royal Bank Of Canada boosted their price objective on ASML Holding N.V. from $135.00 to $155.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 20th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. ASML Holding N.V. has an average rating of “Buy” and a consensus price target of $182.00.
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ASML Holding N.V. Company Profile
ASML Holding N.V. is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling and servicing of semiconductor equipment systems, consisting of lithography systems. The Company’s products include systems, and installed base products and services.
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