ASML (NASDAQ:ASML) Downgraded to Sell at Zacks Investment Research

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

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 have also recently commented on ASML. Goldman Sachs Group cut shares of ASML from a conviction-buy rating to a buy rating in a research note on Monday, April 15th. ABN Amro started coverage on shares of ASML in a research note on Monday, July 29th. They issued a hold rating for the company. ValuEngine upgraded shares of ASML from a hold rating to a buy rating in a research note on Tuesday, July 2nd. Morgan Stanley started coverage on shares of ASML in a research note on Wednesday, June 19th. They issued an overweight rating for the company. Finally, Royal Bank of Canada reiterated a buy rating on shares of ASML in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $204.80.

Shares of NASDAQ ASML opened at $212.85 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 2.68 and a debt-to-equity ratio of 0.27. ASML has a 52 week low of $144.50 and a 52 week high of $234.50. The firm has a 50-day moving average price of $217.11 and a 200 day moving average price of $199.02. The stock has a market capitalization of $87.90 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 2.14 and a beta of 1.22.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $1.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.18. ASML had a net margin of 23.08% and a return on equity of 21.30%. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter last year, the business earned $1.37 earnings per share. Equities research analysts expect that ASML will post 6.8 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC raised its position in ASML by 37.2% during the first quarter. FMR LLC now owns 4,484,787 shares of the semiconductor company’s stock worth $843,365,000 after acquiring an additional 1,215,606 shares during the last quarter. WCM Investment Management LLC raised its position in ASML by 2.2% during the second quarter. WCM Investment Management LLC now owns 3,186,018 shares of the semiconductor company’s stock worth $662,469,000 after acquiring an additional 68,835 shares during the last quarter. Fisher Asset Management LLC raised its position in ASML by 3.0% during the second quarter. Fisher Asset Management LLC now owns 2,554,428 shares of the semiconductor company’s stock worth $531,142,000 after acquiring an additional 75,020 shares during the last quarter. BlackRock Inc. raised its position in ASML by 3.0% during the second quarter. BlackRock Inc. now owns 2,094,679 shares of the semiconductor company’s stock worth $435,547,000 after acquiring an additional 61,325 shares during the last quarter. Finally, Invesco Ltd. raised its position in ASML by 8.5% during the second quarter. Invesco Ltd. now owns 1,628,558 shares of the semiconductor company’s stock worth $338,626,000 after acquiring an additional 127,111 shares during the last quarter. Institutional investors own 17.15% of the company’s stock.

About ASML

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 Holistic Lithography solutions, which integrate its three categories of products, including DUV lithography, EUV lithography, and Applications.

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