ASML (NASDAQ:ASML) Given New $1,000.00 Price Target at Wells Fargo & Company

ASML (NASDAQ:ASML) had its target price reduced by Wells Fargo & Company from $1,185.00 to $1,000.00 in a report released on Thursday, Benzinga reports. They currently have an overweight rating on the semiconductor company’s stock.

ASML has been the topic of several other reports. Morgan Stanley downgraded ASML from an overweight rating to an equal weight rating in a research report on Friday, September 20th. UBS Group downgraded shares of ASML from a buy rating to a neutral rating in a report on Wednesday, September 4th. Susquehanna upped their price objective on shares of ASML from $1,200.00 to $1,300.00 and gave the company a positive rating in a research note on Thursday, July 11th. Barclays raised shares of ASML from an equal weight rating to an overweight rating in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. increased their price target on ASML from $1,172.00 to $1,202.00 and gave the stock an overweight rating in a research note on Thursday, July 18th. 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. According to data from MarketBeat.com, ASML presently has a consensus rating of Moderate Buy and a consensus price target of $1,110.80.

ASML Trading Up 0.1 %

Shares of ASML stock opened at $833.00 on Thursday. ASML has a fifty-two week low of $573.86 and a fifty-two week high of $1,110.09. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $848.94 and a 200-day simple moving average of $929.08. The stock has a market cap of $328.69 billion, a P/E ratio of 42.54, a P/E/G ratio of 1.97 and a beta of 1.48.

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

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were given a dividend of $1.8732 per share. This represents a $7.49 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Monday, July 29th. This is an increase from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio is 28.50%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. KP Management LLC increased its holdings in ASML by 66.7% in the 2nd quarter. KP Management LLC now owns 5,000 shares of the semiconductor company’s stock valued at $5,114,000 after purchasing an additional 2,000 shares in the last quarter. Harvard Management Co. Inc. raised its holdings in shares of ASML by 239.8% during the 2nd quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock valued at $95,645,000 after buying an additional 66,000 shares during the period. Salem Investment Counselors Inc. lifted its position in ASML by 41.1% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,457 shares of the semiconductor company’s stock worth $3,355,000 after acquiring an additional 1,007 shares in the last quarter. Point72 DIFC Ltd boosted its holdings in ASML by 122.1% in the 2nd quarter. Point72 DIFC Ltd now owns 6,415 shares of the semiconductor company’s stock worth $6,560,000 after acquiring an additional 3,527 shares during the period. Finally, Cetera Investment Advisers grew its position in ASML by 169.4% in the first quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock valued at $22,661,000 after acquiring an additional 14,682 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

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.