JPMorgan Chase & Co. Issues Positive Forecast for ASML (NASDAQ:ASML) Stock Price

ASML (NASDAQ:ASML) had its price objective hoisted by JPMorgan Chase & Co. from $1,175.00 to $1,275.00 in a research note released on Monday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has a buy rating on the semiconductor company’s stock.

Other equities research analysts also recently issued reports about the stock. Erste Group Bank raised shares of ASML from a “hold” rating to a “buy” rating in a research report on Monday, September 22nd. Morningstar downgraded ASML to a “hold” rating in a research note on Thursday, September 18th. Morgan Stanley raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 22nd. Citigroup restated a “buy” rating on shares of ASML in a report on Tuesday, October 7th. Finally, Susquehanna lifted their target price on ASML from $965.00 to $1,150.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Four analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,093.00.

ASML Trading Up 2.7%

Shares of ASML stock opened at $1,088.84 on Monday. The stock has a market capitalization of $428.22 billion, a PE ratio of 44.32, a price-to-earnings-growth ratio of 1.76 and a beta of 1.88. ASML has a 52 week low of $578.51 and a 52 week high of $1,091.30. The stock has a 50 day moving average price of $1,015.82 and a two-hundred day moving average price of $854.28. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.27 by $0.14. ASML had a return on equity of 47.74% and a net margin of 27.08%.The company had revenue of $8.80 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same period last year, the business earned $5.28 EPS. ASML’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities analysts anticipate that ASML will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Wednesday, October 29th were issued a $1.857 dividend. This is an increase from ASML’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. ASML’s payout ratio is presently 25.76%.

Institutional Trading of ASML

Large investors have recently added to or reduced their stakes in the stock. Manning & Napier Advisors LLC purchased a new stake in shares of ASML during the 3rd quarter worth approximately $25,000. Princeton Global Asset Management LLC grew its holdings in ASML by 153.8% during the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 20 shares during the period. City Holding Co. bought a new position in ASML during the third quarter valued at $26,000. Banque Cantonale Vaudoise purchased a new stake in ASML in the first quarter worth $27,000. Finally, Binnacle Investments Inc raised its stake in shares of ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 15 shares during the period. Hedge funds and other institutional investors 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.