BidaskClub Upgrades ASML (ASML) to “Buy”

BidaskClub upgraded shares of ASML (NASDAQ:ASML) from a hold rating to a buy rating in a report issued on Friday, January 5th.

A number of other research analysts have also commented on ASML. JPMorgan Chase & Co. restated a buy rating on shares of ASML in a research note on Tuesday, October 3rd. Royal Bank of Canada reiterated a hold rating and set a $155.00 price target on shares of ASML in a research note on Tuesday, October 3rd. Bank of America reiterated a buy rating and set a $210.00 price target on shares of ASML in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded shares of ASML from a hold rating to a buy rating and set a $191.00 price target on the stock in a research note on Tuesday, October 3rd. Finally, Credit Suisse Group boosted their price target on shares of ASML from $140.00 to $152.00 and gave the stock a neutral rating in a research note on Thursday, October 19th. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $196.29.

Shares of ASML (ASML) opened at $205.54 on Friday. The company has a quick ratio of 1.81, a current ratio of 2.70 and a debt-to-equity ratio of 0.28. The firm has a market cap of $88,361.48, a price-to-earnings ratio of 37.44, a P/E/G ratio of 1.51 and a beta of 1.14. ASML has a 1 year low of $119.83 and a 1 year high of $206.03.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, January 17th. The semiconductor company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.52. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.15 billion. ASML had a net margin of 24.28% and a return on equity of 21.16%. ASML’s quarterly revenue was up 34.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 earnings per share. equities analysts predict that ASML will post 7.31 EPS for the current year.

The firm also recently declared an annual dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 30th will be issued a $1.7181 dividend. This represents a dividend yield of 0.84%. The ex-dividend date is Friday, April 27th. This is an increase from ASML’s previous annual dividend of $0.71. ASML’s dividend payout ratio is 20.22%.

ASML announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 17th that allows the company to repurchase outstanding shares. This repurchase authorization allows the semiconductor company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Several institutional investors and hedge funds have recently made changes to their positions in ASML. American Century Companies Inc. lifted its stake in shares of ASML by 86.6% during the second quarter. American Century Companies Inc. now owns 19,111 shares of the semiconductor company’s stock valued at $2,490,000 after buying an additional 8,869 shares during the period. Oppenheimer Asset Management Inc. raised its stake in ASML by 11.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 12,594 shares of the semiconductor company’s stock worth $1,641,000 after purchasing an additional 1,270 shares during the period. JPMorgan Chase & Co. raised its stake in ASML by 87.6% during the second quarter. JPMorgan Chase & Co. now owns 275,825 shares of the semiconductor company’s stock worth $35,943,000 after purchasing an additional 128,812 shares during the period. Atlantic Trust Group LLC raised its stake in ASML by 1.1% during the second quarter. Atlantic Trust Group LLC now owns 15,547 shares of the semiconductor company’s stock worth $2,026,000 after purchasing an additional 168 shares during the period. Finally, Eaton Vance Management raised its stake in ASML by 22.8% during the second quarter. Eaton Vance Management now owns 20,574 shares of the semiconductor company’s stock worth $2,681,000 after purchasing an additional 3,822 shares during the period. 16.59% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “BidaskClub Upgrades ASML (ASML) to “Buy”” was published by BBNS and is the sole property of of BBNS. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://baseballnewssource.com/markets/asml-asml-raised-to-buy-at-bidaskclub/1818203.html.

ASML Company Profile

ASML Holding N.V. is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling and servicing of semiconductor equipment systems, consisting of lithography systems. The Company’s products include systems, and installed base products and services.

Analyst Recommendations for ASML (NASDAQ:ASML)

Receive News & Ratings for ASML Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASML and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.