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

Shares of ASML Holding (NASDAQ:ASML) have received an average recommendation of “Moderate Buy” from the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $943.83.

Several research firms have weighed in on ASML. JPMorgan Chase & Co. cut their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company decreased their price objective on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Sanford C. Bernstein dropped their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Finally, Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th.

ASML Stock Performance

NASDAQ ASML opened at $714.36 on Wednesday. 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 has a fifty day moving average price of $693.93 and a 200-day moving average price of $815.68. ASML has a 1 year low of $645.45 and a 1 year high of $1,110.09. The firm has a market cap of $281.04 billion, a price-to-earnings ratio of 37.40, a PEG ratio of 2.07 and a beta of 1.49.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The business had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. As a group, equities research analysts predict that ASML will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were given a dividend of $1.407 per share. 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 is currently 29.21%.

Hedge Funds Weigh In On ASML

Several hedge funds have recently made changes to their positions in ASML. Armstrong Advisory Group Inc. boosted its stake in ASML by 24.5% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 61 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 12 shares during the period. Matrix Private Capital Group LLC grew its stake in ASML by 5.5% during the second quarter. Matrix Private Capital Group LLC now owns 248 shares of the semiconductor company’s stock valued at $254,000 after acquiring an additional 13 shares in the last quarter. Banque Cantonale Vaudoise increased its holdings in ASML by 17.9% during the 2nd quarter. Banque Cantonale Vaudoise now owns 92 shares of the semiconductor company’s stock worth $94,000 after acquiring an additional 14 shares during the period. Blue Square Asset Management LLC lifted its stake in ASML by 0.8% in the 2nd quarter. Blue Square Asset Management LLC now owns 1,850 shares of the semiconductor company’s stock worth $1,892,000 after purchasing an additional 14 shares in the last quarter. Finally, Bruce G. Allen Investments LLC boosted its holdings in ASML by 21.2% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 80 shares of the semiconductor company’s stock valued at $67,000 after purchasing an additional 14 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

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.