ASML (NASDAQ:ASML) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of ASML (NASDAQ:ASMLFree Report) from a buy rating to a hold rating in a research report released on Sunday.

Several other equities analysts have also commented on ASML. Royal Bank Of Canada increased their price objective on shares of ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Zacks Research lowered shares of ASML from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Citigroup reiterated a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Finally, UBS Group reissued a “buy” rating on shares of ASML in a research note on Thursday, April 23rd. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,504.38.

View Our Latest Research Report on ASML

ASML Price Performance

ASML stock opened at $1,427.02 on Friday. ASML has a 52 week low of $675.50 and a 52 week high of $1,547.22. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $1,399.33 and a two-hundred day simple moving average of $1,250.24. The firm has a market capitalization of $561.22 billion, a P/E ratio of 51.18, a price-to-earnings-growth ratio of 1.43 and a beta of 1.81.

Institutional Investors Weigh In On ASML

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Castleview Partners LLC purchased a new stake in shares of ASML in the first quarter valued at $293,000. Valmark Advisers Inc. raised its stake in shares of ASML by 12.5% in the first quarter. Valmark Advisers Inc. now owns 648 shares of the semiconductor company’s stock valued at $856,000 after acquiring an additional 72 shares during the period. Welch & Forbes LLC raised its stake in shares of ASML by 1.5% in the first quarter. Welch & Forbes LLC now owns 761 shares of the semiconductor company’s stock valued at $1,005,000 after acquiring an additional 11 shares during the period. Glass Wealth Management Co LLC raised its stake in shares of ASML by 3.5% in the first quarter. Glass Wealth Management Co LLC now owns 4,345 shares of the semiconductor company’s stock valued at $5,739,000 after acquiring an additional 146 shares during the period. Finally, Sovran Advisors LLC increased its stake in ASML by 2.3% in the 1st quarter. Sovran Advisors LLC now owns 2,570 shares of the semiconductor company’s stock worth $3,698,000 after buying an additional 57 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Trending Headlines about ASML

Here are the key news stories impacting ASML this week:

ASML Company Profile

(Get Free Report)

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

Featured Stories

Analyst Recommendations for ASML (NASDAQ:ASML)

Receive News & Ratings for ASML Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASML and related companies with MarketBeat.com's FREE daily email newsletter.