ASML Holding N.V. (NASDAQ:ASML) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• ASML has a “Moderate Buy” consensus rating from 32 analysts: 21 recommend buying, four strongly recommend buying, four rate it a hold and three recommend selling. The average 12-month price target is $1,970.33.
• Recent broker actions were generally positive, with Wells Fargo raising its target to $2,500 and JPMorgan increasing its target to $2,400, although Morningstar downgraded the stock to “sell.”
• ASML reported quarterly earnings of $8.65 per share on $10.64 billion in revenue, with a 30.11% net margin. Its latest quarterly dividend was $2.1507 per share, representing a 0.5% yield.

ASML Holding N.V. (NASDAQ:ASML - Get Free Report) has received an average rating of "Moderate Buy" from the thirty-two ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-one have given a buy rating and four have given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $1,970.3333.

Several brokerages have commented on ASML. Wells Fargo & Company lifted their target price on ASML from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Susquehanna reissued a "positive" rating on shares of ASML in a research note on Tuesday, June 30th. Argus set a $2,100.00 price objective on ASML in a research report on Thursday, July 16th. Morningstar lowered ASML to a "sell" rating in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. upped their target price on ASML from $2,200.00 to $2,400.00 and gave the company an "overweight" rating in a report on Thursday, July 16th.

ASML Price Performance

Shares of NASDAQ:ASML opened at $1,763.76 on Monday. The firm has a market cap of $693.65 billion, a PE ratio of 54.88, a price-to-earnings-growth ratio of 0.88 and a beta of 1.79. The firm's fifty day moving average is $1,780.20 and its 200-day moving average is $1,580.59. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. ASML has a 52 week low of $716.20 and a 52 week high of $1,999.96.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The company had revenue of $10.64 billion for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. Sell-side analysts predict that ASML will post 44.85 earnings per share for the current year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were issued a dividend of $2.1507 per share. The ex-dividend date was Tuesday, July 28th. This represents a $8.60 annualized dividend and a yield of 0.5%. ASML's dividend payout ratio (DPR) is presently 22.62%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Baron Wealth Management LLC grew its position in ASML by 1.8% in the 2nd quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company's stock valued at $662,000 after buying an additional 6 shares during the last quarter. Whitener Capital Management Inc. raised its position in ASML by 2.8% during the 2nd quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company's stock worth $434,000 after buying an additional 6 shares during the last quarter. Founders Financial Alliance LLC raised its position in ASML by 2.3% during the 2nd quarter. Founders Financial Alliance LLC now owns 266 shares of the semiconductor company's stock worth $529,000 after buying an additional 6 shares during the last quarter. 44 Wealth Management LLC lifted its stake in shares of ASML by 1.1% in the 4th quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company's stock worth $703,000 after acquiring an additional 7 shares during the period. Finally, Evolution Wealth Management Inc. lifted its stake in shares of ASML by 22.6% in the 1st quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company's stock worth $50,000 after acquiring an additional 7 shares during the period. Institutional investors and hedge funds own 26.07% of the company's stock.

About ASML

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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