ASML (NASDAQ:ASML) Given New $1,331.00 Price Target at Bank of America

ASML (NASDAQ:ASML) had its target price hoisted by Bank of America from $1,092.00 to $1,331.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

ASML has been the topic of a number of other research reports. Citigroup reissued a “buy” rating on shares of ASML in a research report on Tuesday, October 7th. Zacks Research raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. DZ Bank restated a “neutral” rating on shares of ASML in a research note on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research report on Thursday, October 16th. Finally, Bank Degroof cut ASML to a “hold” rating in a research report on Friday, October 10th. Four analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,171.83.

ASML Price Performance

NASDAQ ASML opened at $1,140.92 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31. The stock has a market cap of $448.71 billion, a price-to-earnings ratio of 46.44, a PEG ratio of 1.80 and a beta of 1.87. The business has a 50 day simple moving average of $1,022.60 and a 200 day simple moving average of $858.81. ASML has a 52-week low of $578.51 and a 52-week high of $1,141.72.

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

ASML Increases Dividend

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

Institutional Trading of ASML

A number of hedge funds have recently modified their holdings of the stock. Manning & Napier Advisors LLC purchased a new stake in ASML during the 3rd quarter worth about $25,000. Princeton Global Asset Management LLC boosted its stake in shares of ASML by 153.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 20 shares during the last quarter. City Holding Co. acquired a new stake in shares of ASML during the 3rd quarter worth about $26,000. Binnacle Investments Inc grew 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 worth $27,000 after buying an additional 15 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. acquired a new position in shares of ASML in the second quarter valued at approximately $30,000. 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.