HSBC Reiterates Buy Rating for ASML (NASDAQ:ASML)

ASML (NASDAQ:ASML)‘s stock had its “buy” rating reiterated by analysts at HSBC in a report issued on Friday,MarketScreener reports.

Several other research firms also recently weighed in on ASML. Wells Fargo & Company increased their price target on shares of ASML from $1,105.00 to $1,140.00 and gave the stock an “overweight” rating in a research report on Thursday. Hsbc Global Res upgraded ASML to a “strong-buy” rating in a research note on Monday, October 6th. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research report on Friday, October 10th. Morningstar cut ASML to a “hold” rating in a research report on Thursday, September 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research report on Thursday. 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 company’s stock. According to data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $1,051.60.

ASML Stock Up 0.9%

ASML stock opened at $1,029.27 on Friday. The company has a market cap of $404.79 billion, a price-to-earnings ratio of 41.89, a P/E/G ratio of 1.72 and a beta of 1.87. 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 business’s 50-day moving average is $864.28 and its two-hundred day moving average is $774.02. ASML has a fifty-two week low of $578.51 and a fifty-two week high of $1,059.00.

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

Institutional Trading of ASML

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASML. Fisher Asset Management LLC grew its holdings in ASML by 6.3% during the 2nd quarter. Fisher Asset Management LLC now owns 4,244,254 shares of the semiconductor company’s stock valued at $3,401,304,000 after buying an additional 250,934 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of ASML by 26.5% during the first quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock worth $631,079,000 after acquiring an additional 199,740 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in ASML by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 905,708 shares of the semiconductor company’s stock valued at $600,175,000 after acquiring an additional 7,164 shares in the last quarter. Franklin Resources Inc. increased its holdings in ASML by 5.2% in the 2nd quarter. Franklin Resources Inc. now owns 763,590 shares of the semiconductor company’s stock valued at $611,933,000 after acquiring an additional 37,994 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in ASML by 101.0% in the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock valued at $484,562,000 after acquiring an additional 367,505 shares during the last quarter. 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.