Brokerages Set ASML Holding (NASDAQ:ASML) Price Target at $943.83

Shares of ASML Holding (NASDAQ:ASML) have been given an average recommendation of “Moderate Buy” by the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $943.83.

A number of research analysts have recently issued reports on the company. Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company reduced their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. JPMorgan Chase & Co. dropped their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. BNP Paribas began coverage on shares of ASML in a research note on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price objective on the stock. Finally, Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th.

Hedge Funds Weigh In On ASML

Institutional investors and hedge funds have recently bought and sold shares of the business. Milestone Resources Group Ltd raised its stake in ASML by 0.6% during the third quarter. Milestone Resources Group Ltd now owns 14,115 shares of the semiconductor company’s stock worth $11,761,000 after purchasing an additional 91 shares during the period. FFG Partners LLC acquired a new position in shares of ASML in the 3rd quarter valued at $341,000. American Trust grew its holdings in shares of ASML by 191.3% during the 3rd quarter. American Trust now owns 1,238 shares of the semiconductor company’s stock worth $1,032,000 after purchasing an additional 813 shares during the period. Peapack Gladstone Financial Corp increased its position in shares of ASML by 89.9% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 7,551 shares of the semiconductor company’s stock worth $6,291,000 after purchasing an additional 3,575 shares during the last quarter. Finally, Synovus Financial Corp increased its position in shares of ASML by 4.9% during the 3rd quarter. Synovus Financial Corp now owns 475 shares of the semiconductor company’s stock worth $396,000 after purchasing an additional 22 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Performance

NASDAQ ASML opened at $714.43 on Friday. ASML has a fifty-two week low of $645.45 and a fifty-two week high of $1,110.09. The company has a market cap of $281.07 billion, a P/E ratio of 37.40, a P/E/G ratio of 2.06 and a beta of 1.49. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The business’s 50 day moving average price is $716.13 and its 200-day moving average price is $854.04.

ASML (NASDAQ:ASML) last released its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. The business had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. Sell-side analysts predict that ASML will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

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

About ASML

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.