ASML (NASDAQ:ASML) Stock Rating Lowered by Wall Street Zen

ASML (NASDAQ:ASML) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other research analysts also recently issued reports on the stock. Sanford C. Bernstein upped their target price on shares of ASML from $1,971.00 to $2,623.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Morningstar downgraded shares of ASML to a “sell” rating in a research note on Wednesday, May 27th. UBS Group restated a “buy” rating on shares of ASML in a report on Wednesday, July 1st. Royal Bank Of Canada raised their price objective on shares of ASML from $1,700.00 to $2,000.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Finally, Susquehanna reaffirmed a “positive” rating on shares of ASML in a report on Tuesday, June 30th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,970.33.

ASML Stock Up 0.0%

NASDAQ ASML opened at $1,844.45 on Friday. The stock has a market capitalization of $725.39 billion, a P/E ratio of 57.39, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79. ASML has a 52 week low of $716.20 and a 52 week high of $1,999.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. The stock has a fifty day moving average of $1,781.65 and a 200-day moving average of $1,568.23.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The business had revenue of $10.64 billion for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. On average, equities research analysts forecast that ASML will post 44.85 EPS for the current year.

Hedge Funds Weigh In On ASML

Several institutional investors and hedge funds have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its holdings in ASML by 195.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock worth $1,652,618,000 after buying an additional 1,022,532 shares during the period. Sei Investments Co. boosted its holdings in shares of ASML by 223.7% in the first quarter. Sei Investments Co. now owns 287,225 shares of the semiconductor company’s stock valued at $379,368,000 after buying an additional 198,505 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of ASML by 14.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,526,411 shares of the semiconductor company’s stock worth $1,633,046,000 after acquiring an additional 193,068 shares in the last quarter. Invesco Ltd. increased its position in shares of ASML by 21.3% during the third quarter. Invesco Ltd. now owns 849,602 shares of the semiconductor company’s stock worth $822,492,000 after acquiring an additional 148,948 shares in the last quarter. Finally, Sands Capital Management LLC raised its holdings in shares of ASML by 26.6% during the fourth quarter. Sands Capital Management LLC now owns 669,985 shares of the semiconductor company’s stock worth $716,790,000 after acquiring an additional 140,821 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

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.