Susquehanna Lowers ASML (NASDAQ:ASML) Price Target to $1,100.00

ASML (NASDAQ:ASML) had its target price reduced by Susquehanna from $1,300.00 to $1,100.00 in a report published on Friday morning, Benzinga reports. They currently have a positive rating on the semiconductor company’s stock.

A number of other research analysts have also recently issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of ASML from $1,185.00 to $1,000.00 and set an overweight rating for the company in a report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price target on ASML from $1,202.00 to $1,207.00 and gave the stock an overweight rating in a report on Wednesday, October 9th. Berenberg Bank upgraded ASML to a strong-buy rating in a research note on Wednesday, October 2nd. Morgan Stanley lowered shares of ASML from an overweight rating to an equal weight rating in a research note on Friday, September 20th. Finally, Barclays raised shares of ASML from an equal weight rating to an overweight rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $1,071.80.

ASML Stock Performance

Shares of ASML opened at $840.69 on Friday. ASML has a one year low of $573.86 and a one year high of $1,110.09. The company has a market cap of $330.74 billion, a PE ratio of 45.37, a P/E/G ratio of 2.08 and a beta of 1.48. The stock has a 50-day moving average of $844.97 and a 200-day moving average of $923.92. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating 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 firm had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6 billion. During the same quarter in the previous year, the company posted $5.37 earnings per share. The company’s quarterly revenue was down 9.5% on a year-over-year basis. On average, equities research analysts predict that ASML will post 20.38 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were given a $1.8732 dividend. This is a positive change from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, July 29th. This represents a $7.49 annualized dividend and a yield of 0.89%. ASML’s payout ratio is currently 30.17%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Resources Management Corp CT ADV purchased a new position in ASML in the second quarter valued at approximately $26,000. American Capital Advisory LLC purchased a new position in shares of ASML during the 1st quarter valued at $26,000. WD Rutherford LLC bought a new position in shares of ASML during the 1st quarter worth $29,000. Triad Wealth Partners LLC purchased a new stake in ASML in the 2nd quarter worth about $31,000. Finally, First Community Trust NA bought a new stake in ASML in the 2nd quarter valued at about $34,000. 26.07% of the stock is owned by institutional investors.

About ASML

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.