ASML’s (ASML) “Buy” Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their buy rating on shares of ASML (NASDAQ:ASML) in a research note released on Monday,MarketScreener reports.

Several other research analysts also recently weighed in on ASML. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research note on Friday, January 23rd. Zacks Research lowered shares of ASML from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Sanford C. Bernstein upped their price objective on shares of ASML to $1,971.00 and gave the stock a “buy” rating in a research report on Thursday, March 26th. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a report on Wednesday, April 8th. Finally, Barclays reiterated a “buy” rating on shares of ASML in a research report on Wednesday, April 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and an average target price of $1,482.50.

ASML Stock Performance

Shares of ASML stock opened at $1,500.20 on Monday. The company has a current ratio of 1.26, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. ASML has a 12-month low of $614.06 and a 12-month high of $1,547.22. The business’s 50 day moving average is $1,390.71 and its two-hundred day moving average is $1,208.62. The company has a market capitalization of $590.00 billion, a P/E ratio of 58.10, a P/E/G ratio of 1.60 and a beta of 1.88.

ASML Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Monday, April 27th will be given a dividend of $3.1771 per share. The ex-dividend date is Monday, April 27th. This is a positive change from ASML’s previous quarterly dividend of $1.88. This represents a $12.71 annualized dividend and a dividend yield of 0.8%. ASML’s dividend payout ratio (DPR) is presently 25.10%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capstone Wealth Management Group LLC boosted its position in ASML by 5.2% during the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock worth $1,664,000 after acquiring an additional 124 shares during the last quarter. AQR Capital Management LLC grew its stake in ASML by 141.1% during the 1st quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock valued at $4,553,000 after acquiring an additional 4,021 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in ASML by 153.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock valued at $11,404,000 after acquiring an additional 10,411 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in ASML by 1.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock worth $936,000 after purchasing an additional 15 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in ASML by 5.2% in the 2nd quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company’s stock worth $9,122,000 after purchasing an additional 559 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Company Profile

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.