ASML Holding (NASDAQ:ASML) Receives Average Rating of “Moderate Buy” from Brokerages

ASML Holding (NASDAQ:ASML) has earned an average rating of “Moderate Buy” from the thirteen analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $1,147.80.

A number of brokerages recently weighed in on ASML. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Wells Fargo & Company raised their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Susquehanna raised their target price 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. Finally, Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th.

Hedge Funds Weigh In On ASML

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASML. American Capital Advisory LLC purchased a new position in shares of ASML in the first quarter worth about $26,000. Resources Management Corp CT ADV purchased a new position in ASML during the 2nd quarter worth approximately $26,000. WD Rutherford LLC purchased a new position in ASML during the 1st quarter worth approximately $29,000. Triad Wealth Partners LLC acquired a new stake in ASML during the 2nd quarter valued at approximately $31,000. Finally, Beaird Harris Wealth Management LLC acquired a new stake in shares of ASML in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Trading Down 1.3 %

NASDAQ:ASML opened at $841.54 on Monday. The firm has a 50-day simple moving average of $855.83 and a 200-day simple moving average of $933.38. ASML has a one year low of $563.99 and a one year high of $1,110.09. The firm has a market cap of $332.06 billion, a P/E ratio of 42.98, a P/E/G ratio of 1.97 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $0.14. The company had revenue of $6.24 billion during 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%. ASML’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.37 earnings per share. Equities analysts anticipate that ASML will post 20.38 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were paid a dividend of $1.8732 per share. This is an increase from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Monday, July 29th. ASML’s payout ratio is presently 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.