ASML (NASDAQ:ASML) Lowered to Sell at Zacks Investment Research

ASML (NASDAQ:ASML) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday, Zacks.com reports.

According to Zacks, “ASML is a world leader in the manufacture of advanced technology systems for the semiconductor industry. The company offers an integrated portfolio for manufacturing complex integrated circuits. ASML designs, develops, integrates, markets and services advanced systems used by customers the major global semiconductor manufacturers to create chips that power a wide array of electronic, communications and information technology products. “

A number of other equities research analysts also recently issued reports on the stock. BidaskClub upgraded shares of ASML from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 7th. Cheuvreux downgraded shares of ASML from a “buy” rating to a “hold” rating in a research report on Thursday. Santander downgraded shares of ASML from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Royal Bank of Canada reiterated a “buy” rating on shares of ASML in a research report on Wednesday. Finally, Societe Generale initiated coverage on shares of ASML in a research report on Monday, July 8th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $231.25.

Shares of NASDAQ:ASML opened at $254.42 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.72 and a debt-to-equity ratio of 0.26. The company has a market cap of $106.87 billion, a P/E ratio of 35.43, a PEG ratio of 2.75 and a beta of 1.25. ASML has a 52 week low of $144.50 and a 52 week high of $269.39. The company has a 50-day moving average price of $244.30 and a 200 day moving average price of $215.59.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $1.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.18. ASML had a net margin of 22.15% and a return on equity of 20.42%. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the firm earned $1.37 earnings per share. Analysts expect that ASML will post 6.67 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Coastal Investment Advisors Inc. purchased a new position in shares of ASML during the 3rd quarter worth approximately $28,000. Next Capital Management LLC purchased a new position in shares of ASML during the 2nd quarter worth approximately $32,000. Liberty Wealth Management LLC increased its stake in shares of ASML by 461.3% during the 2nd quarter. Liberty Wealth Management LLC now owns 174 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 143 shares in the last quarter. Manchester Financial Inc. purchased a new position in shares of ASML during the 2nd quarter worth approximately $42,000. Finally, Rehmann Capital Advisory Group increased its stake in shares of ASML by 74.3% during the 2nd quarter. Rehmann Capital Advisory Group now owns 265 shares of the semiconductor company’s stock worth $55,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 16.95% of the company’s stock.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells Holistic Lithography solutions, which integrate its three categories of products, including DUV lithography, EUV lithography, and Applications.

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