ASML Holding N.V. (NASDAQ:ASML) Given Consensus Rating of “Moderate Buy” by Brokerages

ASML Holding N.V. (NASDAQ:ASMLGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the twenty-eight analysts that are presently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $1,270.6667.

A number of analysts have commented on ASML shares. Rothschild Redb upgraded ASML from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of ASML in a research note on Tuesday, December 16th. Rothschild & Co Redburn raised shares of ASML from a “neutral” rating to a “buy” rating in a research note on Friday, November 7th. Sanford C. Bernstein upgraded shares of ASML from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Finally, Morningstar downgraded shares of ASML to a “hold” rating in a report on Thursday, September 18th.

Get Our Latest Stock Analysis on ASML

Hedge Funds Weigh In On ASML

Several hedge funds have recently bought and sold shares of the stock. Capital International Investors grew its position in shares of ASML by 17.3% in the third quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock valued at $3,791,982,000 after purchasing an additional 577,448 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in ASML in the 3rd quarter worth about $505,510,000. Regents of The University of California purchased a new stake in ASML in the 3rd quarter valued at about $413,335,000. WCM Investment Management LLC increased its stake in shares of ASML by 24.9% during the 3rd quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock valued at $1,861,445,000 after acquiring an additional 385,502 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of ASML by 75.6% during the 3rd quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock worth $765,632,000 after acquiring an additional 340,518 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Trading Up 6.7%

Shares of ASML opened at $1,273.88 on Friday. ASML has a twelve month low of $578.51 and a twelve month high of $1,282.00. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $500.99 billion, a P/E ratio of 51.85, a PEG ratio of 1.89 and a beta of 1.86. The firm’s 50-day moving average is $1,075.08 and its two-hundred day moving average is $925.30.

ASML (NASDAQ:ASMLGet Free Report) last posted its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.27 by $0.14. The company had revenue of $8.80 billion during the quarter, compared to the consensus estimate of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the firm earned $5.28 EPS. On average, research analysts predict that ASML will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Wednesday, October 29th were given a dividend of $1.857 per share. The ex-dividend date was Wednesday, October 29th. This represents a $7.43 annualized dividend and a dividend yield of 0.6%. This is an increase from ASML’s previous quarterly dividend of $1.86. ASML’s payout ratio is presently 25.80%.

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About ASML

(Get Free Report)

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

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Analyst Recommendations for ASML (NASDAQ:ASML)

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