ASML (ASML) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for ASML (NASDAQ: ASML):

• 10/9/2024 – ASML had its price target raised by analysts at JPMorgan Chase & Co. from $1,202.00 to $1,207.00. They now have an “overweight” rating on the stock.
• 10/3/2024 – ASML had its price target lowered by analysts at Wells Fargo & Company from $1,185.00 to $1,000.00. They now have an “overweight” rating on the stock.
• 10/2/2024 – ASML was upgraded by analysts at Berenberg Bank to a “strong-buy” rating.
• 9/20/2024 – ASML was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating.
• 9/4/2024 – ASML was downgraded by analysts at UBS Group AG from a “buy” rating to a “neutral” rating.

ASML Stock Down 2.5 %

Shares of ASML stock traded down $21.43 on Thursday, hitting $824.47. The stock had a trading volume of 202,207 shares, compared to its average volume of 1,245,162. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The business has a 50 day moving average price of $845.34 and a 200 day moving average price of $926.19. The company has a market cap of $325.33 billion, a PE ratio of 42.11, a P/E/G ratio of 1.97 and a beta of 1.48. ASML Holding has a one year low of $573.86 and a one year high of $1,110.09.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6 billion. During the same period last year, the firm earned $5.37 EPS. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. Research analysts anticipate that ASML Holding will post 20.38 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a $1.8732 dividend. This represents a $7.49 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Monday, July 29th. This is an increase from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio (DPR) is 28.50%.

Institutional Trading of ASML

A number of large investors have recently made changes to their positions in the company. Icon Wealth Advisors LLC acquired a new position in shares of ASML during the fourth quarter worth about $504,000. LM Advisors LLC purchased a new position in shares of ASML during the 4th quarter worth approximately $221,000. Lone Pine Capital LLC raised its stake in shares of ASML by 13.0% during the 4th quarter. Lone Pine Capital LLC now owns 429,798 shares of the semiconductor company’s stock worth $325,323,000 after buying an additional 49,318 shares in the last quarter. Kingfisher Capital LLC purchased a new stake in shares of ASML in the fourth quarter valued at approximately $1,445,000. Finally, Greenwich Investment Management Inc. purchased a new stake in shares of ASML in the fourth quarter valued at approximately $207,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.