ASML (NASDAQ:ASML) Downgraded to “Underperform” Rating by Grupo Santander

ASML (NASDAQ:ASML) was downgraded by analysts at Grupo Santander to an “underperform” rating in a research report issued on Thursday,MarketScreener reports.

A number of other equities research analysts have also recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating on shares of ASML in a report on Friday, January 16th. Zacks Research lowered shares of ASML from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a research note on Wednesday, December 10th. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research note on Tuesday, January 13th. Finally, DZ Bank restated a “neutral” rating on shares of ASML in a research report on Wednesday, October 15th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,407.00.

ASML Trading Up 2.3%

NASDAQ:ASML opened at $1,391.54 on Thursday. ASML has a 12 month low of $578.51 and a 12 month high of $1,392.58. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average is $1,120.37 and its 200 day moving average is $954.40. The stock has a market capitalization of $547.27 billion, a PE ratio of 56.63, a price-to-earnings-growth ratio of 1.83 and a beta of 1.86.

Institutional Trading of ASML

A number of hedge funds and other institutional investors have recently modified their holdings of ASML. Sky Investment Group LLC boosted its position in shares of ASML by 2.1% during the fourth quarter. Sky Investment Group LLC now owns 384 shares of the semiconductor company’s stock valued at $411,000 after buying an additional 8 shares during the last quarter. BOS Asset Management LLC grew its stake in shares of ASML by 2.4% in the fourth quarter. BOS Asset Management LLC now owns 377 shares of the semiconductor company’s stock worth $403,000 after acquiring an additional 9 shares during the period. HBK Sorce Advisory LLC raised its holdings in shares of ASML by 1.0% during the third quarter. HBK Sorce Advisory LLC now owns 1,057 shares of the semiconductor company’s stock valued at $1,067,000 after purchasing an additional 10 shares during the last quarter. Albion Financial Group UT lifted its position in ASML by 27.8% during the third quarter. Albion Financial Group UT now owns 46 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 10 shares during the period. Finally, Global Assets Advisory LLC boosted its holdings in ASML by 2.3% in the third quarter. Global Assets Advisory LLC now owns 452 shares of the semiconductor company’s stock worth $438,000 after purchasing an additional 10 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

About ASML

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.