ASML (NASDAQ:ASML) Downgraded by Jefferies Financial Group to Hold

Jefferies Financial Group cut shares of ASML (NASDAQ:ASML) from a buy rating to a hold rating in a research report sent to investors on Thursday morning, MarketBeat reports.

A number of other analysts have also recently weighed in on the stock. Susquehanna decreased their price target on shares of ASML from $1,100.00 to $965.00 and set a “positive” rating for the company in a research note on Thursday, April 17th. Barclays reaffirmed an “equal weight” rating on shares of ASML in a report on Tuesday, June 3rd. Sanford C. Bernstein started coverage on ASML in a report on Tuesday, June 17th. They set a “market perform” rating and a $806.00 price target on the stock. Wells Fargo & Company dropped their price target on ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Finally, Citigroup reaffirmed a “buy” rating on shares of ASML in a research note on Monday, May 19th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $913.80.

ASML Stock Performance

Shares of ASML opened at $798.09 on Thursday. The company has a market capitalization of $313.98 billion, a price-to-earnings ratio of 33.63, a price-to-earnings-growth ratio of 1.58 and a beta of 1.74. ASML has a 52-week low of $578.51 and a 52-week high of $1,110.09. The company has a quick ratio of 0.91, a current ratio of 1.52 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $732.31 and a 200 day moving average price of $719.50.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, topping the consensus estimate of $6.12 by $0.19. The business had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $7.90 billion. ASML had a net margin of 28.32% and a return on equity of 51.82%. Research analysts predict that ASML will post 25.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Rossmore Private Capital increased its position in ASML by 0.3% during the 1st quarter. Rossmore Private Capital now owns 4,347 shares of the semiconductor company’s stock worth $2,880,000 after purchasing an additional 14 shares during the period. Sfmg LLC boosted its stake in shares of ASML by 3.0% in the fourth quarter. Sfmg LLC now owns 511 shares of the semiconductor company’s stock valued at $354,000 after buying an additional 15 shares in the last quarter. Norinchukin Bank The grew its holdings in ASML by 1.8% during the fourth quarter. Norinchukin Bank The now owns 857 shares of the semiconductor company’s stock worth $594,000 after acquiring an additional 15 shares during the period. Coppell Advisory Solutions LLC raised its position in ASML by 18.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 96 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 15 shares in the last quarter. Finally, Sage Mountain Advisors LLC raised its position in ASML by 2.6% in the first quarter. Sage Mountain Advisors LLC now owns 602 shares of the semiconductor company’s stock worth $399,000 after acquiring an additional 15 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also 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.