ASML Holding NV (ADR) (ASML) was Downgraded by BofA/Merrill to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. BofA/Merrill advised their investors in a research report released on Aug 17, 2016.
Many Wall Street Analysts have commented on ASML Holding NV (ADR). Company shares were Reiterated by RBC Capital Mkts on Jul 21, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 110 from a previous price target of $103 .
On the company’s financial health, ASML Holding NV (ADR) reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.80. The company had revenue of $1740.00 million for the quarter, compared to analysts expectations of $1707.66 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.
ASML Holding NV (ADR) opened for trading at $111.28 and hit $111.58 on the upside on Monday, eventually ending the session at $110.83, with a gain of 0.51% or 0.56 points. The heightened volatility saw the trading volume jump to 3,29,431 shares. Company has a market cap of $46,976 M.
ASML Holding NV (ASML) is a holding company based in the Netherlands that develops semiconductor equipment systems. Its products includes lithographic systems notably: TWINSCAN NXE a platform for extreme ultraviolet lithography (EUVL); TWINSCAN NXT a step-and-scan dual-stage immersion lithography platform; TWINSCAN XT a step-and-scan water-based immersion lithography platform; YieldStar a metrology tool; PAS 5500 a step-and-scan platform; and Brion a computational lithography verification platform. In addition the Company provides customer support. The Companys activities are organized into three main business lines: Deep Ultraviolet (DUV) scanners Extreme Ultraviolet (EUV) scanners and Applications; which are supported by business functions such as research and development (R&D) sales operations and sourcing. The Company operates 70 offices in 16 countries and operates ASML Netherlands BV ASML Systems BV ASML Hong Kong Ltd. ASML US Inc. as wholly owned subsidiaries.