ASML’s (ASML) “Neutral” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their neutral rating on shares of ASML (NASDAQ:ASML) in a research note issued to investors on Wednesday morning.

Several other equities research analysts also recently issued reports on ASML. Morgan Stanley reissued an “overweight” rating on shares of ASML in a research report on Tuesday, July 7th. Wall Street Zen cut shares of ASML from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Zacks Research lowered shares of ASML from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. UBS Group reaffirmed a “buy” rating on shares of ASML in a research note on Monday, September 28th. Finally, Wells Fargo & Company increased their target price on ASML from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $1,970.33.

ASML Stock Up 3.3%

Shares of ASML stock opened at $1,867.31 on Wednesday. The company has a market capitalization of $734.38 billion, a P/E ratio of 58.10, a price-to-earnings-growth ratio of 0.91 and a beta of 1.77. 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 business has a 50-day moving average of $1,720.74 and a two-hundred day moving average of $1,643.61. ASML has a 1 year low of $935.41 and a 1 year high of $1,999.96.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The business had revenue of $10.62 billion during the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. As a group, equities analysts predict that ASML will post 44.01 EPS for the current year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were given a $2.1507 dividend. This is a drop from ASML’s previous quarterly dividend of $3.1771. This represents a $8.60 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML’s payout ratio is presently 22.62%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership raised its holdings in shares of ASML by 195.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock valued at $1,652,618,000 after purchasing an additional 1,022,532 shares during the period. Van ECK Associates Corp grew its stake in shares of ASML by 31.7% in the 2nd quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company’s stock valued at $4,892,869,000 after buying an additional 592,125 shares during the period. Sei Investments Co. grew its stake in shares of ASML by 223.7% in the 1st quarter. Sei Investments Co. now owns 287,225 shares of the semiconductor company’s stock valued at $379,368,000 after buying an additional 198,505 shares during the period. Sands Capital Management LLC increased its position in ASML by 26.6% in the 4th quarter. Sands Capital Management LLC now owns 669,985 shares of the semiconductor company’s stock valued at $716,790,000 after buying an additional 140,821 shares in the last quarter. Finally, Amundi increased its position in ASML by 498.0% in the 2nd quarter. Amundi now owns 156,791 shares of the semiconductor company’s stock valued at $311,926,000 after buying an additional 130,573 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Company Profile

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures advanced lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment projects patterns onto silicon wafers, enabling the creation of increasingly smaller and more powerful semiconductor features.

ASML’s product portfolio includes extreme ultraviolet (EUV) lithography systems, deep ultraviolet (DUV) lithography systems, and related metrology and inspection solutions.