ASML downgraded to Hold from Buy at Summit Research Summit Research downgraded ASML to Hold from Buy citing the company's implied guidance for the second half of the year and its lack of visibility. The firm lowered its price target on the stock to $85 from $115.
ASML reports Q1 EPS EUR 0.93 vs. EUR 0.70 last year Reports Q1 revenue EUR 1.65B vs. EUR 1.49B last year. ASML said, "Our first-quarter net sales came in as guided at 1.65 billion euros, driven by continued strong DRAM memory segment sales in combination with higher foundry segment sales. Our gross margin rose to 47.2 percent, a reflection of product mix as well as better utilization of our production facilities, which was partly offset by unfavorable foreign exchange effects."