ASML (NASDAQ:ASML) Price Target Lowered to $815.00 at Sanford C. Bernstein

ASML (NASDAQ:ASML) had its target price decreased by Sanford C. Bernstein from $1,052.00 to $815.00 in a research note released on Monday morning, Benzinga reports. Sanford C. Bernstein currently has an outperform rating on the semiconductor company’s stock.

ASML has been the topic of several other research reports. Wells Fargo & Company lowered their price objective on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Susquehanna lowered their price target 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. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $970.60.

ASML Stock Down 1.3 %

ASML stock opened at $714.10 on Monday. The company’s 50 day moving average is $831.66 and its 200 day moving average is $913.99. The stock has a market cap of $281.78 billion, a price-to-earnings ratio of 36.47, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. ASML has a 1-year low of $573.86 and a 1-year high of $1,110.09.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, November 17th. Stockholders of record on Tuesday, October 29th will be paid a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is presently 28.50%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ASML. Mercer Global Advisors Inc. ADV increased its position in shares of ASML by 4,379.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after acquiring an additional 870,010 shares during the period. Jennison Associates LLC increased its holdings in ASML by 50.0% during the 1st quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after purchasing an additional 572,996 shares during the period. Fayez Sarofim & Co bought a new position in ASML during the 1st quarter valued at approximately $542,710,000. GQG Partners LLC lifted its holdings in ASML by 21.6% in the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after buying an additional 294,784 shares during the period. Finally, 1832 Asset Management L.P. grew its position in shares of ASML by 11,084.1% in the 1st quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock worth $238,784,000 after buying an additional 243,850 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Company Profile

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.