ASML Holding (NASDAQ:ASML) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of ASML Holding (NASDAQ:ASML) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $1,147.80.

A number of brokerages recently weighed in on ASML. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Susquehanna lifted 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 report on Thursday, July 11th. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday. Finally, Wells Fargo & Company boosted their price objective on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th.

Hedge Funds Weigh In On ASML

Hedge funds and other institutional investors have recently made changes to their positions in the business. American Capital Advisory LLC acquired a new stake in shares of ASML during the first quarter worth approximately $26,000. Resources Management Corp CT ADV acquired a new stake in shares of ASML in the second quarter valued at $26,000. WD Rutherford LLC bought a new position in shares of ASML in the first quarter valued at about $29,000. Triad Wealth Partners LLC bought a new stake in ASML during the 2nd quarter worth about $31,000. Finally, Beaird Harris Wealth Management LLC acquired a new stake in ASML in the 4th quarter valued at about $34,000. 26.07% of the stock is owned by institutional investors.

ASML Stock Down 4.0 %

ASML opened at $795.28 on Monday. 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 company has a market cap of $313.81 billion, a PE ratio of 40.62, a P/E/G ratio of 1.96 and a beta of 1.49. The business has a 50 day moving average price of $870.91 and a two-hundred day moving average price of $939.21. ASML has a 52 week low of $563.99 and a 52 week high of $1,110.09.

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. The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.37 earnings per share. As a group, research analysts anticipate that ASML will post 20.38 EPS for the current year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were given a dividend of $1.8732 per share. The ex-dividend date was Monday, July 29th. This is a boost from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.94%. ASML’s payout ratio is currently 28.50%.

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.