ASML Holding (NASDAQ:ASML) Receives $818.67 Average Price Target from Analysts

Shares of ASML Holding (NASDAQ:ASMLGet Rating) have received an average recommendation of “Buy” from the eighteen ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $818.67.

ASML has been the topic of several research analyst reports. StockNews.com initiated coverage on shares of ASML in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Societe Generale reduced their price objective on ASML from €800.00 ($833.33) to €710.00 ($739.58) and set a “buy” rating for the company in a report on Monday, April 25th. Wells Fargo & Company lowered their target price on ASML from $975.00 to $750.00 and set an “overweight” rating for the company in a research note on Monday, April 18th. Zacks Investment Research lowered ASML from a “hold” rating to a “sell” rating in a research report on Tuesday, April 19th. Finally, Jefferies Financial Group started coverage on shares of ASML in a report on Thursday, February 17th. They set a “buy” rating on the stock.

Shares of ASML traded up $20.76 during midday trading on Monday, reaching $553.60. 43,115 shares of the company were exchanged, compared to its average volume of 1,202,942. The company has a market cap of $226.85 billion, a price-to-earnings ratio of 33.29, a P/E/G ratio of 1.69 and a beta of 1.21. ASML has a 1-year low of $509.55 and a 1-year high of $895.93. The company has a current ratio of 1.34, a quick ratio of 0.89 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average price of $608.19 and a 200-day moving average price of $687.37.

ASML (NASDAQ:ASMLGet Rating) last released its earnings results on Wednesday, April 20th. The semiconductor company reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $1.70. The business had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.48 billion. ASML had a net margin of 31.56% and a return on equity of 54.58%. The business’s revenue for the quarter was down 19.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.86 EPS. Equities research analysts anticipate that ASML will post 17.66 earnings per share for the current year.

The business also recently declared a semi-annual dividend, which was paid on Thursday, May 12th. Investors of record on Wednesday, May 4th were issued a $4.1903 dividend. The ex-dividend date was Tuesday, May 3rd. This is a boost from ASML’s previous semi-annual dividend of $1.08. This represents a yield of 0.01468%. ASML’s dividend payout ratio is currently 39.80%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Aurora Investment Counsel acquired a new stake in shares of ASML in the first quarter worth about $1,688,000. EP Wealth Advisors LLC bought a new position in ASML during the 1st quarter worth about $330,000. Chicago Partners Investment Group LLC bought a new stake in shares of ASML during the 1st quarter worth approximately $263,000. Golden State Wealth Management LLC increased its holdings in shares of ASML by 4.2% during the 1st quarter. Golden State Wealth Management LLC now owns 1,794 shares of the semiconductor company’s stock worth $1,198,000 after acquiring an additional 72 shares during the last quarter. Finally, Magnolia Wealth Management LLC acquired a new position in ASML in the 1st quarter valued at $1,041,000. 25.91% of the stock is owned by hedge funds and other institutional investors.

About ASML (Get Rating)

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection related systems for memory and logic chipmakers. The company 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.

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