UBS Downgrades ASML Holding NV (ADR) to Neutral

Brokerage firm UBS Downgrades its rating on ASML Holding NV (ADR)(NASDAQ:ASML). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by UBS was issued on Jul 21, 2016.

ASML Holding NV (ADR) (ASML) made into the market gainers list on Wednesdays trading session with the shares advancing 2.40% or 2.53 points. Due to strong positive momentum, the stock ended at $108.16, which is also near the day’s high of $108.345. The stock began the session at $107.58 and the volume stood at 16,42,096 shares. The 52-week high of the shares is $108.345 and the 52 week low is $77.1733. The company has a current market capitalization of $46,291 M and it has 42,79,86,680 shares in outstanding.

ASML Holding NV (ADR)(ASML) last announced its earnings results on Apr 20, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.51B. Analysts had an estimated revenue of $1.47B. Earnings per share were $0.61. Analysts had estimated an EPS of $0.46.

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 Company’s 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.

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