ASML Holding NV (ASML) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of ASML Holding NV (NASDAQ:ASML) from a hold rating to a sell rating in a research note published on Thursday 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 research firms have also recently issued reports on ASML. BNP Paribas raised ASML Holding NV from an underperform rating to a neutral rating in a research note on Wednesday, February 8th. Credit Suisse Group AG started coverage on ASML Holding NV in a research note on Tuesday, January 17th. They set a neutral rating for the company. Royal Bank of Canada reissued a hold rating and set a $130.00 target price on shares of ASML Holding NV in a research note on Monday, April 3rd. Citigroup Inc cut ASML Holding NV from a buy rating to a neutral rating in a research note on Thursday, January 19th. Finally, JPMorgan Chase & Co. reissued a buy rating on shares of ASML Holding NV in a research note on Monday, January 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. ASML Holding NV currently has an average rating of Hold and an average target price of $116.80.

Analyst Recommendations for ASML Holding NV (NASDAQ:ASML)

ASML Holding NV (NASDAQ:ASML) traded down 0.07% during mid-day trading on Thursday, reaching $129.96. The company’s stock had a trading volume of 1,492,912,256 shares. The company has a market cap of $55.88 billion, a PE ratio of 33.55 and a beta of 1.23. ASML Holding NV has a 12-month low of $90.43 and a 12-month high of $134.29. The firm’s 50 day moving average is $128.12 and its 200-day moving average is $115.34.

ASML Holding NV (NASDAQ:ASML) last posted its earnings results on Wednesday, April 19th. The semiconductor company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.13. The company earned $1.94 billion during the quarter, compared to analysts’ expectations of $1.82 billion. ASML Holding NV had a return on equity of 16.76% and a net margin of 21.62%. The firm’s quarterly revenue was up 45.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share. Equities analysts anticipate that ASML Holding NV will post $4.44 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASML. Checchi Capital Advisers LLC raised its position in ASML Holding NV by 2.4% in the third quarter. Checchi Capital Advisers LLC now owns 2,425 shares of the semiconductor company’s stock worth $266,000 after buying an additional 56 shares during the period. Brown Advisory Inc. raised its position in ASML Holding NV by 2.3% in the fourth quarter. Brown Advisory Inc. now owns 2,528 shares of the semiconductor company’s stock worth $283,000 after buying an additional 56 shares during the period. Cypress Wealth Advisors LLC raised its position in ASML Holding NV by 3.1% in the fourth quarter. Cypress Wealth Advisors LLC now owns 2,036 shares of the semiconductor company’s stock worth $228,000 after buying an additional 61 shares during the period. Wetherby Asset Management Inc. raised its position in ASML Holding NV by 3.7% in the fourth quarter. Wetherby Asset Management Inc. now owns 3,057 shares of the semiconductor company’s stock worth $343,000 after buying an additional 108 shares during the period. Finally, Dorsey & Whitney Trust CO LLC raised its position in ASML Holding NV by 4.3% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 3,108 shares of the semiconductor company’s stock worth $341,000 after buying an additional 127 shares during the period. Hedge funds and other institutional investors own 8.69% of the company’s stock.

ASML Holding NV 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.

5 Day Chart for NASDAQ:ASML

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