ASML (NASDAQ:ASML) Rating Lowered to Hold at Zacks Research

ASML (NASDAQ:ASML) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also recently weighed in on the company. Wells Fargo & Company lifted their target price on ASML from $1,450.00 to $1,650.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Santander cut shares of ASML from a “neutral” rating to an “underperform” rating in a report on Thursday, January 22nd. UBS Group reissued a “buy” rating on shares of ASML in a research note on Tuesday. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Monday, January 26th. Finally, Royal Bank Of Canada boosted their price objective on ASML from $1,550.00 to $1,625.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,475.00.

ASML Trading Down 3.5%

Shares of ASML stock traded down $48.95 during mid-day trading on Tuesday, hitting $1,350.42. 1,301,669 shares of the company’s stock were exchanged, compared to its average volume of 1,918,873. ASML has a fifty-two week low of $578.51 and a fifty-two week high of $1,547.22. The stock has a 50-day simple moving average of $1,342.26 and a two-hundred day simple moving average of $1,098.50. The company has a quick ratio of 0.79, a current ratio of 1.26 and a debt-to-equity ratio of 0.14. The stock has a market cap of $531.09 billion, a price-to-earnings ratio of 52.42, a PEG ratio of 1.55 and a beta of 1.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Family Capital Management Inc. lifted its position in shares of ASML by 0.8% during the fourth quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock worth $983,000 after purchasing an additional 7 shares in the last quarter. 44 Wealth Management LLC grew its holdings in shares of ASML by 1.1% during the fourth quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock worth $703,000 after buying an additional 7 shares in the last quarter. Sky Investment Group LLC increased its stake in ASML by 2.1% in the 4th 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. White Lighthouse Investment Management Inc. increased its position in shares of ASML by 2.2% during the 4th quarter. White Lighthouse Investment Management Inc. now owns 365 shares of the semiconductor company’s stock worth $390,000 after purchasing an additional 8 shares during the last quarter. Finally, Main Management ETF Advisors LLC increased its stake in shares of ASML by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 783 shares of the semiconductor company’s stock worth $838,000 after purchasing an additional 8 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Company Profile

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.