ASML (NASDAQ:ASML) Earns Buy Rating from Berenberg Bank

ASML (NASDAQ:ASML)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a note issued to investors on Thursday,MarketScreener reports.

A number of other equities analysts have also recently weighed in on ASML. DZ Bank restated a “neutral” rating on shares of ASML in a research report on Wednesday. UBS Group restated a “buy” rating on shares of ASML in a research report on Wednesday. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research report on Monday, October 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ASML in a research report on Wednesday, October 8th. Finally, Barclays reiterated an “overweight” rating on shares of ASML in a research report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and an average target price of $1,051.60.

ASML Stock Performance

NASDAQ:ASML opened at $1,029.27 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.81 and a current ratio of 1.31. The company has a fifty day moving average of $864.28 and a two-hundred day moving average of $773.30. The stock has a market capitalization of $404.79 billion, a PE ratio of 41.89, a P/E/G ratio of 1.70 and a beta of 1.87. ASML has a fifty-two week low of $578.51 and a fifty-two week high of $1,059.00.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping analysts’ consensus estimates of $6.27 by $0.14. The company had revenue of $8.71 billion during the quarter, compared to analysts’ expectations of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the business posted $5.28 earnings per share. As a group, research analysts forecast that ASML will post 25.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ASML

A number of hedge funds have recently modified their holdings of the company. Fisher Asset Management LLC grew its holdings in shares of ASML by 6.3% in the second quarter. Fisher Asset Management LLC now owns 4,244,254 shares of the semiconductor company’s stock valued at $3,401,304,000 after purchasing an additional 250,934 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of ASML by 26.5% in the first quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock valued at $631,079,000 after purchasing an additional 199,740 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of ASML by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 905,708 shares of the semiconductor company’s stock valued at $600,175,000 after purchasing an additional 7,164 shares during the period. Franklin Resources Inc. grew its holdings in shares of ASML by 5.2% in the second quarter. Franklin Resources Inc. now owns 763,590 shares of the semiconductor company’s stock valued at $611,933,000 after purchasing an additional 37,994 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of ASML by 101.0% in the first quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock valued at $484,562,000 after purchasing an additional 367,505 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

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.