ASML Holding NV (NASDAQ:ASML) – Analysts at KeyCorp dropped their Q3 2019 earnings per share (EPS) estimates for ASML in a report issued on Wednesday, July 17th, according to Zacks Investment Research. KeyCorp analyst W. Twigg now expects that the semiconductor company will post earnings per share of $1.60 for the quarter, down from their previous forecast of $1.91. KeyCorp also issued estimates for ASML’s FY2019 earnings at $6.97 EPS and Q4 2020 earnings at $2.48 EPS.
Other analysts have also recently issued reports about the stock. Morgan Stanley assumed coverage on shares of ASML in a research note on Wednesday, June 19th. They issued an “overweight” rating for the company. Zacks Investment Research cut shares of ASML from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub raised shares of ASML from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Santander cut shares of ASML from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of ASML in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. ASML has a consensus rating of “Buy” and an average price target of $204.80.
ASML (NASDAQ:ASML) last announced its earnings results 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 23.08% and a return on equity of 21.30%. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the prior year, the company earned $1.37 earnings per share.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. ETRADE Capital Management LLC lifted its holdings in shares of ASML by 58.4% in the 2nd quarter. ETRADE Capital Management LLC now owns 13,090 shares of the semiconductor company’s stock worth $2,722,000 after acquiring an additional 4,826 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of ASML by 40.1% in the 2nd quarter. HighTower Advisors LLC now owns 39,367 shares of the semiconductor company’s stock worth $8,175,000 after acquiring an additional 11,260 shares during the last quarter. Ardsley Advisory Partners LP bought a new stake in shares of ASML in the 2nd quarter worth about $311,000. United Capital Financial Advisers LLC lifted its holdings in ASML by 1.6% during the 2nd quarter. United Capital Financial Advisers LLC now owns 68,292 shares of the semiconductor company’s stock valued at $13,999,000 after buying an additional 1,057 shares in the last quarter. Finally, Profund Advisors LLC lifted its holdings in ASML by 6.1% during the 2nd quarter. Profund Advisors LLC now owns 9,447 shares of the semiconductor company’s stock valued at $1,964,000 after buying an additional 547 shares in the last quarter. 17.15% of the stock is owned by institutional investors.
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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