ASML (NASDAQ:ASML) Price Target Lowered to $1,148.00 at JPMorgan Chase & Co.

ASML (NASDAQ:ASML) had its price target trimmed by JPMorgan Chase & Co. from $1,207.00 to $1,148.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an overweight rating on the semiconductor company’s stock.

Several other research firms have also recently weighed in on ASML. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Susquehanna decreased their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $1,018.00.

ASML Stock Performance

Shares of ASML stock opened at $723.26 on Thursday. The firm has a market cap of $285.39 billion, a P/E ratio of 36.94, a PEG ratio of 2.08 and a beta of 1.48. 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 has a fifty-two week low of $573.86 and a fifty-two week high of $1,110.09. The stock’s 50-day moving average is $834.43 and its two-hundred day moving average is $916.12.

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

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, November 17th. Investors of record on Tuesday, October 29th will be given a $1.407 dividend. This represents a $5.63 annualized dividend and a yield of 0.78%. The ex-dividend date is Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is presently 28.50%.

Institutional Investors Weigh In On ASML

Several hedge funds and other institutional investors have recently made changes to their positions in ASML. Resources Management Corp CT ADV acquired a new stake in shares of ASML during the 2nd quarter worth approximately $26,000. WD Rutherford LLC acquired a new stake in ASML during the 1st quarter worth $29,000. Triad Wealth Partners LLC bought a new stake in shares of ASML during the 2nd quarter valued at $31,000. First Community Trust NA bought a new position in shares of ASML in the 2nd quarter worth $34,000. Finally, POM Investment Strategies LLC acquired a new stake in shares of ASML during the second quarter worth $36,000. 26.07% of the stock is owned by institutional investors and hedge funds.

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.