Brokerages Set ASML Holding (NASDAQ:ASML) PT at $943.83

ASML Holding (NASDAQ:ASML) has been assigned an average recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $943.83.

ASML has been the subject of a number of research reports. Wells Fargo & Company lowered their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Susquehanna decreased their target price on shares of 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. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Sanford C. Bernstein decreased their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. Finally, Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd.

ASML Stock Up 2.0 %

Shares of ASML stock opened at $714.36 on Wednesday. The company has a market capitalization of $281.04 billion, a price-to-earnings ratio of 37.40, a PEG ratio of 2.07 and a beta of 1.49. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The company’s fifty day moving average price is $693.88 and its 200-day moving average price is $821.44. ASML has a one year low of $645.45 and a one year high of $1,110.09.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 EPS 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 business had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. Sell-side analysts expect that ASML will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were paid a $1.407 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 annualized dividend and a yield of 0.79%. ASML’s dividend payout ratio (DPR) is currently 29.21%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Fisher Asset Management LLC increased its holdings in ASML by 1.0% during the third quarter. Fisher Asset Management LLC now owns 3,186,222 shares of the semiconductor company’s stock valued at $2,654,921,000 after buying an additional 31,879 shares during the period. Edgewood Management LLC boosted its position in ASML by 3.3% during the third quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company’s stock valued at $1,855,624,000 after purchasing an additional 70,776 shares in the last quarter. Van ECK Associates Corp raised its holdings in ASML by 37.0% in the third quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock worth $1,464,061,000 after purchasing an additional 474,653 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of ASML by 4,379.6% during 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 buying an additional 870,010 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in ASML by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 817,709 shares of the semiconductor company’s stock valued at $836,300,000 after acquiring an additional 2,085 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

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.