ASML Holding N.V. (NASDAQ:ASML) – Equities research analysts at B. Riley upped their FY2017 earnings estimates for shares of ASML Holding N.V. in a report issued on Thursday. B. Riley analyst C. Ellis now forecasts that the semiconductor company will post earnings of $5.14 per share for the year, up from their previous estimate of $4.44. B. Riley currently has a “Neutral” rating and a $162.00 target price on the stock. B. Riley also issued estimates for ASML Holding N.V.’s FY2019 earnings at $8.83 EPS.
ASML Holding N.V. (NASDAQ:ASML) last released its earnings results on Wednesday, July 19th. The semiconductor company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.02. ASML Holding N.V. had a net margin of 23.69% and a return on equity of 18.48%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the firm earned $0.83 EPS. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. WARNING: This article was published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://stocknewstimes.com/2017/08/12/asml-holding-n-v-to-post-fy2017-earnings-of-5-14-per-share-b-riley-forecasts-nasdaqasml-updated-updated.html.
Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of ASML Holding N.V. from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a research report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of ASML Holding N.V. in a research report on Wednesday, May 31st. Cowen and Company reiterated an “outperform” rating on shares of ASML Holding N.V. in a research report on Sunday, April 23rd. Royal Bank Of Canada increased their price target on shares of ASML Holding N.V. from $130.00 to $135.00 and gave the company a “sector perform” rating in a research report on Thursday, April 20th. Finally, Stifel Nicolaus upgraded shares of ASML Holding N.V. from a “hold” rating to a “buy” rating in a research report on Thursday, April 20th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $158.00.
ASML Holding N.V. (NASDAQ ASML) traded down 0.27% during mid-day trading on Monday, hitting $153.33. 518,767 shares of the company were exchanged. ASML Holding N.V. has a 12-month low of $98.71 and a 12-month high of $154.50.
A number of hedge funds have recently made changes to their positions in ASML. First Mercantile Trust Co. bought a new stake in shares of ASML Holding N.V. during the first quarter valued at approximately $985,000. Profund Advisors LLC increased its stake in shares of ASML Holding N.V. by 51.0% in the first quarter. Profund Advisors LLC now owns 12,188 shares of the semiconductor company’s stock valued at $1,619,000 after buying an additional 4,114 shares during the period. Nationwide Fund Advisors increased its stake in shares of ASML Holding N.V. by 3.8% in the first quarter. Nationwide Fund Advisors now owns 51,500 shares of the semiconductor company’s stock valued at $6,839,000 after buying an additional 1,900 shares during the period. Anderson Hoagland & Co. increased its stake in shares of ASML Holding N.V. by 27.8% in the first quarter. Anderson Hoagland & Co. now owns 9,185 shares of the semiconductor company’s stock valued at $1,220,000 after buying an additional 2,000 shares during the period. Finally, Reilly Financial Advisors LLC bought a new stake in shares of ASML Holding N.V. during the first quarter valued at approximately $950,000. Hedge funds and other institutional investors own 16.76% of the company’s stock.
ASML Holding N.V. announced that its Board of Directors has approved a stock repurchase program on Wednesday, July 19th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.
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.
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