ASML (NASDAQ:ASML) Receives New Coverage from Analysts at Evercore ISI

Evercore ISI started coverage on shares of ASML (NASDAQ:ASML) in a report published on Tuesday, MarketBeat Ratings reports. The firm issued an outperform rating on the semiconductor company’s stock.

A number of other analysts have also recently issued reports on the stock. Kepler Capital Markets upgraded shares of ASML from a hold rating to a buy rating in a research note on Monday, January 8th. Wells Fargo & Company upped their price objective on shares of ASML from $1,050.00 to $1,150.00 and gave the stock an overweight rating in a report on Tuesday, April 2nd. HSBC started coverage on ASML in a report on Thursday, February 22nd. They set a buy rating on the stock. Cantor Fitzgerald assumed coverage on ASML in a research note on Tuesday, January 23rd. They set an overweight rating for the company. Finally, Redburn Atlantic raised ASML from a sell rating to a neutral rating in a research note on Tuesday, February 20th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $1,036.00.

ASML Trading Up 2.3 %

NASDAQ ASML opened at $976.92 on Tuesday. The firm’s 50 day moving average price is $960.95 and its two-hundred day moving average price is $790.29. The stock has a market cap of $385.48 billion, a price-to-earnings ratio of 45.42, a PEG ratio of 2.32 and a beta of 1.49. ASML has a twelve month low of $563.99 and a twelve month high of $1,056.34. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 1.50.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $5.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. ASML had a net margin of 28.44% and a return on equity of 68.32%. The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.34 billion. Equities analysts anticipate that ASML will post 20.46 EPS for the current year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th will be issued a $1.343 dividend. This represents a $5.37 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Friday, April 26th. ASML’s dividend payout ratio (DPR) is currently 24.59%.

Institutional Investors Weigh In On ASML

Hedge funds and other institutional investors have recently modified their holdings of the stock. Moneta Group Investment Advisors LLC acquired a new position in shares of ASML during the fourth quarter valued at about $307,620,000. 1832 Asset Management L.P. grew its holdings in shares of ASML by 31,845.9% during the 4th quarter. 1832 Asset Management L.P. now owns 340,543 shares of the semiconductor company’s stock worth $186,073,000 after purchasing an additional 339,477 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of ASML by 34.6% in the third quarter. Van ECK Associates Corp now owns 1,067,413 shares of the semiconductor company’s stock valued at $628,344,000 after purchasing an additional 274,562 shares in the last quarter. International Assets Investment Management LLC lifted its position in ASML by 48,040.7% in the fourth quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock worth $186,202,000 after purchasing an additional 245,488 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of ASML by 27.5% during the 4th quarter. Alliancebernstein L.P. now owns 981,659 shares of the semiconductor company’s stock valued at $536,378,000 after acquiring an additional 211,792 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. 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.