ASML (ASML) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of ASML (NASDAQ:ASML) from a buy rating to a hold rating in a research note released on Thursday.

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. “

ASML has been the subject of several other reports. B. Riley reissued a neutral rating and issued a $166.00 price objective (up from $162.00) on shares of ASML in a research note on Monday, October 16th. Sanford C. Bernstein reissued an outperform rating and issued a $184.00 price objective (up from $172.50) on shares of ASML in a research note on Thursday, September 21st. BidaskClub downgraded ASML from a buy rating to a hold rating in a research note on Thursday, January 11th. Royal Bank of Canada reissued a hold rating and issued a $155.00 price objective on shares of ASML in a research note on Tuesday, October 3rd. Finally, JPMorgan Chase & Co. reissued a buy rating on shares of ASML in a research note on Tuesday, October 3rd. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $196.29.

ASML (ASML) traded down $1.56 during trading hours on Thursday, hitting $203.96. The company had a trading volume of 139,684 shares, compared to its average volume of 1,234,523. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.70 and a quick ratio of 1.81. ASML has a fifty-two week low of $119.83 and a fifty-two week high of $206.03. The firm has a market cap of $87,430.00, a price-to-earnings ratio of 33.99, a price-to-earnings-growth ratio of 1.51 and a beta of 1.14.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, January 17th. The semiconductor company reported $1.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.52. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.15 billion. ASML had a return on equity of 21.16% and a net margin of 24.28%. ASML’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same quarter last year, the company posted $1.23 EPS. analysts anticipate that ASML will post 7.31 EPS for the current year.

ASML announced that its board has authorized a share buyback program on Wednesday, January 17th that permits the company to buyback shares. This buyback authorization permits the semiconductor company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

The company also recently declared an annual dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 30th will be paid a dividend of $1.7181 per share. The ex-dividend date is Friday, April 27th. This is an increase from ASML’s previous annual dividend of $0.71. This represents a dividend yield of 0.84%. ASML’s dividend payout ratio (DPR) is 18.50%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Massey Quick Simon & CO. LLC purchased a new stake in shares of ASML during the 3rd quarter worth about $108,000. Northeast Investment Management purchased a new stake in shares of ASML during the 3rd quarter worth about $209,000. Adviser Investments LLC purchased a new stake in shares of ASML during the 3rd quarter worth about $229,000. Mckinley Capital Management LLC Delaware purchased a new stake in shares of ASML during the 2nd quarter worth about $265,000. Finally, Legal & General Group Plc purchased a new stake in shares of ASML during the 3rd quarter worth about $283,000. 16.59% of the stock is owned by institutional investors.

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About ASML

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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