ASML Holding N.V. (NASDAQ:ASML)’s share price traded up 5.2% during trading on Wednesday following a stronger than expected earnings report. The company traded as high as $150.82 and last traded at $150.63, with a volume of 2,528,696 shares trading hands. The stock had previously closed at $143.25.
The semiconductor company reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.02. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $1.99 billion. ASML Holding N.V. had a net margin of 23.27% and a return on equity of 18.64%. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the company posted $0.83 EPS.
ASML Holding N.V. declared that its board has authorized a share buyback program on Wednesday, July 19th that authorizes the company to buyback shares. This buyback authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
A number of equities analysts recently weighed in on the stock. B. Riley reaffirmed a “neutral” rating and set a $122.00 price objective on shares of ASML Holding N.V. in a research report on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of ASML Holding N.V. in a research report on Wednesday, May 31st. Zacks Investment Research raised shares of ASML Holding N.V. from a “hold” rating to a “buy” rating and set a $144.00 price objective for the company in a research report on Wednesday, June 21st. Cowen and Company reaffirmed an “outperform” rating on shares of ASML Holding N.V. in a research report on Sunday, April 23rd. Finally, Royal Bank Of Canada increased their price objective on shares of ASML Holding N.V. from $130.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 20th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $143.00.
Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in ASML Holding N.V. by 8.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,075 shares of the semiconductor company’s stock worth $143,000 after buying an additional 86 shares during the period. FNY Managed Accounts LLC acquired a new stake in ASML Holding N.V. during the first quarter worth about $199,000. Assetmark Inc. raised its stake in ASML Holding N.V. by 0.3% in the first quarter. Assetmark Inc. now owns 1,634 shares of the semiconductor company’s stock worth $217,000 after buying an additional 5 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in ASML Holding N.V. by 25.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,646 shares of the semiconductor company’s stock worth $184,000 after buying an additional 339 shares during the period. Finally, Atria Investments LLC acquired a new stake in ASML Holding N.V. during the first quarter worth about $226,000. Institutional investors own 16.44% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This article was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://stocknewstimes.com/2017/07/19/asml-holding-n-v-nasdaqasml-trading-5-2-higher-on-earnings-beat.html.
ASML Holding N.V. 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.
Receive News & Ratings for ASML Holding N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASML Holding N.V. and related companies with MarketBeat.com's FREE daily email newsletter.
