ASML (NASDAQ:ASML) Stock Rating Lowered by Morgan Stanley

ASML (NASDAQ:ASML) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Friday, Briefing.com reports.

ASML has been the subject of a number of other reports. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Wells Fargo & Company increased their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. JPMorgan Chase & Co. upped their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Finally, Susquehanna upped their price target on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Stock Up 5.1 %

ASML stock opened at $828.16 on Friday. The stock has a market capitalization of $326.78 billion, a price-to-earnings ratio of 42.30, a PEG ratio of 1.96 and a beta of 1.49. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average of $876.71 and a two-hundred day moving average of $941.27. ASML has a twelve month low of $563.99 and a twelve month high of $1,110.09.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.87 by $0.14. ASML had a net margin of 26.50% and a return on equity of 49.93%. The company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same period in the previous year, the company posted $5.37 EPS. ASML’s revenue was down 9.5% compared to the same quarter last year. As a group, research analysts expect that ASML will post 20.38 earnings per share for the current year.

Hedge Funds Weigh In On ASML

Several institutional investors and hedge funds have recently modified their holdings of the company. Resources Management Corp CT ADV acquired a new stake in shares of ASML during the second quarter worth $26,000. American Capital Advisory LLC purchased a new stake in ASML in the first quarter valued at approximately $26,000. WD Rutherford LLC acquired a new position in ASML during the first quarter worth approximately $29,000. Triad Wealth Partners LLC acquired a new position in shares of ASML in the 2nd quarter valued at $31,000. Finally, First Community Trust NA purchased a new stake in shares of ASML during the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.