ASML (NASDAQ:ASML) Receives Buy Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their buy rating on shares of ASML (NASDAQ:ASMLFree Report) in a research report report published on Tuesday,MarketScreener reports.

Several other analysts also recently weighed in on ASML. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Monday, January 26th. Cantor Fitzgerald reissued an “overweight” rating on shares of ASML in a report on Tuesday, December 16th. Wells Fargo & Company upped their price objective on shares of ASML from $1,450.00 to $1,650.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research report on Wednesday, January 28th. Finally, Royal Bank Of Canada boosted their price target on shares of ASML from $1,550.00 to $1,625.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,482.50.

Check Out Our Latest Analysis on ASML

ASML Price Performance

Shares of NASDAQ:ASML opened at $1,320.83 on Tuesday. The firm’s 50 day moving average is $1,396.74 and its two-hundred day moving average is $1,179.35. The firm has a market capitalization of $519.46 billion, a P/E ratio of 51.16, a PEG ratio of 1.21 and a beta of 1.88. 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 52 week low of $578.51 and a 52 week high of $1,547.22.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Monday, April 27th will be given a $3.1771 dividend. This represents a $12.71 annualized dividend and a yield of 1.0%. This is a positive change from ASML’s previous quarterly dividend of $1.88. The ex-dividend date is Monday, April 27th. ASML’s dividend payout ratio (DPR) is presently 25.10%.

Institutional Investors Weigh In On ASML

Several large investors have recently modified their holdings of the stock. Capstone Wealth Management Group LLC lifted its holdings in shares of ASML by 5.2% during the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock valued at $1,664,000 after purchasing an additional 124 shares during the last quarter. AQR Capital Management LLC increased its stake in ASML by 141.1% in the 1st quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock worth $4,553,000 after purchasing 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% during 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 worth $11,404,000 after buying an additional 10,411 shares during the period. Sivia Capital Partners LLC lifted its stake in ASML by 1.3% during the second quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock valued at $936,000 after buying an additional 15 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in ASML by 4.2% during the second quarter. Rhumbline Advisers now owns 8,758 shares of the semiconductor company’s stock valued at $7,019,000 after buying an additional 351 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

ASML News Summary

Here are the key news stories impacting ASML this week:

ASML Company Profile

(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.

Read More

Analyst Recommendations for ASML (NASDAQ:ASML)

Receive News & Ratings for ASML Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASML and related companies with MarketBeat.com's FREE daily email newsletter.