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

ASML (NASDAQ:ASMLGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday, 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. “

A number of other brokerages have also issued reports on ASML. Credit Suisse Group started coverage on ASML in a research report on Thursday, January 13th. They issued an “outperform” rating on the stock. Jefferies Financial Group assumed coverage on shares of ASML in a research note on Thursday, February 17th. They issued a “buy” rating on the stock. Wells Fargo & Company lowered their price objective on shares of ASML from $975.00 to $750.00 and set an “overweight” rating on the stock in a research note on Monday. StockNews.com started coverage on ASML in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, The Goldman Sachs Group upgraded shares of ASML from a “buy” rating to a “conviction-buy” rating and set a $930.00 price target on the stock in a research note on Thursday, March 17th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $860.83.

NASDAQ ASML traded up $18.13 during trading hours on Tuesday, reaching $616.00. 61,311 shares of the company’s stock were exchanged, compared to its average volume of 1,199,185. The company’s 50-day moving average is $641.34 and its two-hundred day moving average is $723.67. ASML has a one year low of $558.77 and a one year high of $895.93. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.06 and a current ratio of 1.48. The company has a market capitalization of $252.42 billion, a price-to-earnings ratio of 36.39, a price-to-earnings-growth ratio of 1.87 and a beta of 1.16.

ASML (NASDAQ:ASMLGet Rating) last posted its earnings results on Wednesday, January 19th. The semiconductor company reported $5.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.31 by $0.70. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.87 billion. ASML had a return on equity of 49.05% and a net margin of 31.55%. Research analysts predict that ASML will post 19.22 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Benjamin Edwards Inc. acquired a new position in ASML during the 3rd quarter worth about $26,000. Covestor Ltd acquired a new position in shares of ASML in the 4th quarter valued at about $26,000. Piscataqua Savings Bank lifted its position in shares of ASML by 90.9% during the 1st quarter. Piscataqua Savings Bank now owns 42 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 20 shares during the period. Bell Investment Advisors Inc acquired a new position in ASML during the 3rd quarter worth approximately $31,000. Finally, Ancora Advisors LLC raised its stake in ASML by 51.6% during the 3rd quarter. Ancora Advisors LLC now owns 47 shares of the semiconductor company’s stock worth $35,000 after buying an additional 16 shares during the period. Hedge funds and other institutional investors own 25.89% of the company’s stock.

About ASML (Get Rating)

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection related systems for memory and logic chipmakers. The company provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.

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