ASML (NASDAQ:ASML) Price Target Raised to €680.00

ASML (NASDAQ:ASMLGet Rating) had its target price raised by Societe Generale from €520.00 ($530.61) to €680.00 ($693.88) in a research report released on Tuesday morning, The Fly reports.

A number of other research analysts have also commented on ASML. New Street Research raised ASML from a neutral rating to a buy rating in a report on Friday, October 21st. Wells Fargo & Company increased their target price on ASML from $510.00 to $665.00 and gave the stock an overweight rating in a report on Monday, November 14th. Deutsche Bank Aktiengesellschaft raised ASML from a hold rating to a buy rating in a report on Wednesday, October 19th. Berenberg Bank reduced their target price on ASML from €815.00 ($831.63) to €615.00 ($627.55) and set a buy rating on the stock in a report on Friday, October 14th. Finally, Grupo Santander raised ASML from an underperform rating to a neutral rating and set a €480.00 ($489.80) target price on the stock in a report on Monday, September 26th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $696.46.

ASML Stock Performance

Shares of NASDAQ ASML opened at $603.85 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 0.82. The stock’s fifty day moving average price is $475.31 and its two-hundred day moving average price is $503.48. ASML has a one year low of $363.15 and a one year high of $832.68. The firm has a market cap of $247.45 billion, a price-to-earnings ratio of 36.18, a P/E/G ratio of 1.77 and a beta of 1.36.

ASML Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Friday, November 4th were given a dividend of $1.1393 per share. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $4.56 annualized dividend and a dividend yield of 0.75%. ASML’s dividend payout ratio is currently 27.32%.

Institutional Trading of ASML

Several institutional investors and hedge funds have recently modified their holdings of the business. ICICI Prudential Asset Management Co Ltd lifted its position in shares of ASML by 7.1% during the 2nd quarter. ICICI Prudential Asset Management Co Ltd now owns 255 shares of the semiconductor company’s stock worth $124,000 after buying an additional 17 shares during the last quarter. Washington Trust Advisors Inc. raised its position in ASML by 3.8% in the second quarter. Washington Trust Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $247,000 after purchasing an additional 19 shares during the last quarter. Pinnacle Associates Ltd. raised its position in ASML by 0.4% in the first quarter. Pinnacle Associates Ltd. now owns 4,787 shares of the semiconductor company’s stock valued at $3,197,000 after purchasing an additional 20 shares during the last quarter. Trustcore Financial Services LLC raised its position in ASML by 26.7% in the first quarter. Trustcore Financial Services LLC now owns 95 shares of the semiconductor company’s stock valued at $63,000 after purchasing an additional 20 shares during the last quarter. Finally, Leelyn Smith LLC raised its position in ASML by 17.4% in the first quarter. Leelyn Smith LLC now owns 135 shares of the semiconductor company’s stock valued at $90,000 after purchasing an additional 20 shares during the last quarter. 19.04% of the stock is currently owned by institutional investors.

ASML Company Profile

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ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection related systems for memory and logic chipmakers. The company 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.

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