ASML Holding N.V. (NASDAQ:ASML) Receives Consensus Rating of “Moderate Buy” from Brokerages

ASML Holding N.V. (NASDAQ:ASML) has received a consensus recommendation of “Moderate Buy” from the thirty-two research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-one have assigned a buy rating and four have issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $1,970.3333.

A number of research firms have commented on ASML. Morningstar lowered ASML to a “sell” rating in a research report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a research report on Friday, July 10th. JPMorgan Chase & Co. upped their price objective on shares of ASML from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research note on Monday, June 1st. Finally, Wells Fargo & Company upped their price target on shares of ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th.

ASML Stock Down 2.2%

NASDAQ:ASML opened at $1,696.16 on Monday. ASML has a one year low of $716.20 and a one year high of $1,999.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. The company has a market cap of $667.07 billion, a PE ratio of 52.77, a P/E/G ratio of 0.86 and a beta of 1.79. The firm’s 50 day simple moving average is $1,764.95 and its 200 day simple moving average is $1,591.65.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. The firm had revenue of $10.62 billion during the quarter. On average, research analysts anticipate that ASML will post 44.92 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were given a dividend of $2.1507 per share. The ex-dividend date was Tuesday, July 28th. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. ASML’s dividend payout ratio is presently 22.62%.

Hedge Funds Weigh In On ASML

A number of institutional investors and hedge funds have recently modified their holdings of ASML. Cornerstone Financial Management LLC bought a new position in ASML during the fourth quarter worth $26,000. NBH Bank bought a new stake in ASML in the second quarter valued at $26,000. Binnacle Investments Inc raised its holdings in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 15 shares during the period. Resources Management Corp CT ADV raised its holdings in shares of ASML by 1,150.0% during the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 23 shares during the period. Finally, North Star Investment Management Corp. boosted its position in shares of ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 11 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

ASML Company Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.