ASML Holding Receives a Hold from RBC Capital

By Carrie Williams

RBC Capital analyst Amit Daryanani reiterated a Hold rating on ASML Holding (NASDAQ: ASML) yesterday and set a price target of $110. The company’s shares closed yesterday at $105.62.

According to TipRanks.com, Daryanani is a 5-star analyst with an average return of 4.5% and a 63.8% success rate. Daryanani covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Benchmark Electronics, and Applied Materials.

ASML Holding has an analyst consensus of Hold, with a price target consensus of $110.

Based on ASML Holding’s latest earnings report from March 31, the company posted quarterly revenue of $1.51B and quarterly net profit of $224.4M. In comparison, last year the company earned revenue of $1.74B and had a net profit of $362.8M.

ASML Holding NV engages in the manufacture, and trade of lithography systems for the semiconductor industry. It develops machines that are used for the production of integrated circuits and chips. The company was founded on April 1, 1984 and is headquartered in Veldhoven, Netherlands.