In a report issued on January 20, Mehdi Hosseini from Susquehanna reiterated a Hold rating on ASML Holding (ASML – Research Report). The company’s shares closed last Friday at $569.45, close to its 52-week high of $573.80.
According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 12.8% and a 56.8% success rate. Hosseini covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and National Instruments.
ASML Holding has an analyst consensus of Moderate Buy, with a price target consensus of $531.42, implying a -5.7% downside from current levels. In a report issued on January 12, Deutsche Bank also maintained a Hold rating on the stock with a EUR375.00 price target.
Based on ASML Holding’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.25 billion and net profit of $1.33 billion. In comparison, last year the company earned revenue of $4.04 billion and had a net profit of $1.15 billion.
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ASML Holding NV engages in the development, production, marketing, sale and servicing of advanced semiconductor equipment, consisting of lithography related systems. It mainly caters the makers of memory chips and logic chips. The company was founded on April 1, 1984 and is headquartered in Veldhoven, Netherlands.