ASML (NASDAQ:ASML) Earns Neutral Rating from Sanford C. Bernstein

ASML (NASDAQ:ASML)‘s stock had its “neutral” rating reaffirmed by analysts at Sanford C. Bernstein in a report issued on Friday,MarketScreener reports.

A number of other analysts have also weighed in on the stock. Bank Degroof lowered shares of ASML to a “hold” rating in a report on Friday, October 10th. Arete Research upgraded shares of ASML to a “strong-buy” rating in a research report on Friday, September 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ASML in a research report on Wednesday, October 8th. Hsbc Global Res raised ASML to a “strong-buy” rating in a research note on Monday, October 6th. Finally, Jefferies Financial Group restated a “neutral” rating on shares of ASML in a research note on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,051.60.

ASML Price Performance

Shares of NASDAQ ASML opened at $1,029.27 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.81 and a current ratio of 1.31. ASML has a fifty-two week low of $578.51 and a fifty-two week high of $1,059.00. The stock has a market cap of $404.79 billion, a PE ratio of 41.89, a price-to-earnings-growth ratio of 1.72 and a beta of 1.87. The stock has a fifty day moving average of $864.28 and a 200-day moving average of $774.02.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, topping the consensus estimate of $6.27 by $0.14. The business had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.99 billion. ASML had a return on equity of 47.74% and a net margin of 27.08%.The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company earned $5.28 EPS. Equities research analysts anticipate that ASML will post 25.17 earnings per share for the current year.

Hedge Funds Weigh In On ASML

A number of large investors have recently modified their holdings of ASML. Acadian Asset Management LLC raised its stake in shares of ASML by 97.6% during the first quarter. Acadian Asset Management LLC now owns 153,939 shares of the semiconductor company’s stock worth $101,978,000 after acquiring an additional 76,023 shares in the last quarter. Strategic Planning Group LLC raised its position in ASML by 12.5% in the 2nd quarter. Strategic Planning Group LLC now owns 6,552 shares of the semiconductor company’s stock worth $5,251,000 after purchasing an additional 730 shares during the period. Empowered Funds LLC lifted its stake in ASML by 5.0% in the first quarter. Empowered Funds LLC now owns 10,928 shares of the semiconductor company’s stock worth $7,241,000 after purchasing an additional 519 shares during the last quarter. Gunderson Capital Management Inc. purchased a new stake in ASML during the second quarter valued at about $1,702,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in ASML by 3.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 35,777 shares of the semiconductor company’s stock valued at $28,425,000 after buying an additional 1,359 shares during the period. 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.