Sanford C. Bernstein Cuts ASML (NASDAQ:ASML) Price Target to $767.00

ASML (NASDAQ:ASML) had its price target reduced by Sanford C. Bernstein from $815.00 to $767.00 in a report issued on Friday,Benzinga reports. They currently have an outperform rating on the semiconductor company’s stock.

Several other equities analysts have also recently commented on ASML. JPMorgan Chase & Co. reduced their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company cut their price target on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Susquehanna reduced their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Finally, Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $961.00.

ASML Price Performance

Shares of NASDAQ:ASML opened at $686.61 on Friday. The firm has a market capitalization of $270.13 billion, a PE ratio of 35.95, a P/E/G ratio of 1.99 and a beta of 1.51. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average price of $732.20 and a two-hundred day moving average price of $864.88. ASML has a twelve month low of $645.45 and a twelve month high of $1,110.09.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The company had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. Equities analysts forecast that ASML will post 20.68 EPS for the current year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were issued a dividend of $1.407 per share. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.82%. ASML’s dividend payout ratio (DPR) is 29.21%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ASML. Hilltop National Bank lifted its holdings in shares of ASML by 1.0% during the second quarter. Hilltop National Bank now owns 975 shares of the semiconductor company’s stock valued at $997,000 after purchasing an additional 10 shares during the last quarter. Valley National Advisers Inc. lifted its holdings in shares of ASML by 1.1% during the second quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company’s stock valued at $1,159,000 after purchasing an additional 12 shares in the last quarter. Pure Financial Advisors LLC boosted its position in shares of ASML by 2.8% during the second quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock valued at $454,000 after buying an additional 12 shares during the last quarter. First Pacific Financial raised its position in ASML by 1.1% in the 2nd quarter. First Pacific Financial now owns 1,121 shares of the semiconductor company’s stock worth $1,146,000 after buying an additional 12 shares during the last quarter. Finally, RMR Wealth Builders lifted its stake in ASML by 0.6% during the 2nd quarter. RMR Wealth Builders now owns 2,114 shares of the semiconductor company’s stock valued at $2,162,000 after acquiring an additional 12 shares during the period. 26.07% of the stock is currently owned by 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.