Zacks Investment Research Downgrades ASML (ASML) to Sell

Zacks Investment Research downgraded shares of ASML (NASDAQ:ASML) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

According to Zacks, “ASML is a world leader in the manufacture of advanced technology systems for the semiconductor industry. The company offers an integrated portfolio for manufacturing complex integrated circuits. ASML designs, develops, integrates, markets and services advanced systems used by customers the major global semiconductor manufacturers to create chips that power a wide array of electronic, communications and information technology products. “

Several other brokerages also recently commented on ASML. B. Riley raised their target price on shares of ASML from $170.00 to $190.00 and gave the stock a neutral rating in a report on Thursday, October 18th. UBS Group upgraded shares of ASML from a neutral rating to a buy rating in a report on Monday, September 24th. Santander upgraded shares of ASML from a hold rating to a buy rating in a report on Wednesday, October 31st. BidaskClub upgraded shares of ASML from a sell rating to a hold rating in a report on Saturday, September 22nd. Finally, Susquehanna Bancshares restated a neutral rating and set a $200.00 target price (down from $240.00) on shares of ASML in a report on Tuesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $210.80.

Shares of NASDAQ:ASML opened at $162.02 on Tuesday. The company has a market capitalization of $69.49 billion, a P/E ratio of 29.09, a PEG ratio of 0.92 and a beta of 1.13. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.84 and a current ratio of 2.80. ASML has a fifty-two week low of $144.50 and a fifty-two week high of $221.66.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, October 17th. The semiconductor company reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.04). The firm had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.29 billion. ASML had a net margin of 24.28% and a return on equity of 23.22%. On average, analysts forecast that ASML will post 6.99 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Capital International Investors grew its stake in shares of ASML by 281.8% during the 3rd quarter. Capital International Investors now owns 7,125,076 shares of the semiconductor company’s stock worth $1,339,657,000 after acquiring an additional 5,258,923 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of ASML by 4.2% during the 3rd quarter. Fisher Asset Management LLC now owns 2,312,143 shares of the semiconductor company’s stock worth $434,729,000 after acquiring an additional 93,163 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of ASML by 4.0% during the 3rd quarter. Janus Henderson Group PLC now owns 2,232,660 shares of the semiconductor company’s stock worth $419,783,000 after acquiring an additional 86,754 shares in the last quarter. BlackRock Inc. grew its stake in shares of ASML by 37.6% during the 3rd quarter. BlackRock Inc. now owns 2,174,247 shares of the semiconductor company’s stock worth $408,803,000 after acquiring an additional 594,263 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of ASML by 144.6% during the 2nd quarter. Morgan Stanley now owns 996,044 shares of the semiconductor company’s stock worth $197,187,000 after acquiring an additional 588,885 shares in the last quarter. 15.52% of the stock is owned by institutional investors.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells three categories of products, including DUV lithography, EUV lithography, and Holistic lithography solutions.

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