ASML (NASDAQ:ASML) Earns “Buy” Rating from UBS Group

ASML (NASDAQ:ASML)‘s stock had its “buy” rating restated by equities researchers at UBS Group in a research note issued to investors on Wednesday,MarketScreener reports.

Several other analysts have also recently issued reports on the company. New Street Research reiterated a “neutral” rating on shares of ASML in a research note on Monday, October 6th. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research note on Monday. Arete Research upgraded ASML to a “strong-buy” rating in a research note on Friday, September 12th. Mizuho raised ASML from a “neutral” rating to an “outperform” rating in a report on Monday, September 29th. Finally, Susquehanna increased their target price on ASML from $965.00 to $1,150.00 and gave the company a “positive” rating in a report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,051.60.

ASML Stock Up 1.0%

Shares of NASDAQ ASML opened at $1,019.59 on Wednesday. The stock has a market cap of $400.98 billion, a P/E ratio of 41.50, a PEG ratio of 1.71 and a beta of 1.87. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.21. ASML has a 12-month low of $578.51 and a 12-month high of $1,059.00. The business’s fifty day simple moving average is $858.14 and its 200-day simple moving average is $770.80.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.27 by $0.14. The business had revenue of $8.71 billion for the quarter, compared to analysts’ expectations of $8.99 billion. ASML had a return on equity of 49.41% and a net margin of 27.08%.The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the firm earned $5.28 earnings per share. As a group, equities analysts predict that ASML will post 25.17 EPS for the current fiscal year.

Hedge Funds Weigh In On ASML

Several hedge funds have recently made changes to their positions in ASML. Putney Financial Group LLC grew its holdings in shares of ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 29 shares during the last quarter. Princeton Global Asset Management LLC grew its holdings in shares of ASML by 153.8% during the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 20 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of ASML during the first quarter worth about $27,000. Binnacle Investments Inc grew its holdings in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 15 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. purchased a new position in shares of ASML during the second quarter worth about $30,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Company Profile

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.