ASML Holding N.V. (NASDAQ:ASML) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

ASML Holding N.V. (NASDAQ:ASML) has been assigned a consensus rating of “Moderate Buy” from the thirty research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $1,970.33.

ASML has been the subject of a number of research analyst reports. Weiss Ratings downgraded shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, September 16th. DZ Bank raised ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Bank of America lifted their target price on ASML from $2,268.00 to $2,345.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Argus set a $2,100.00 price target on ASML in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada boosted their price objective on ASML from $1,700.00 to $2,000.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th.

Institutional Trading of ASML

Hedge funds have recently modified their holdings of the company. Cornerstone Financial Management LLC acquired a new stake in ASML in the fourth quarter worth $26,000. NBH Bank acquired a new position in shares of ASML in the 2nd quarter valued at $26,000. Field & Main Bank bought a new stake in shares of ASML in the 2nd quarter valued at $30,000. Portus Wealth Advisors LLC acquired a new stake in ASML during the 1st quarter worth $32,000. Finally, Evolution Wealth Management Inc. acquired a new stake in ASML during the 4th quarter worth $33,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Down 1.3%

NASDAQ ASML opened at $1,722.50 on Friday. The stock’s 50 day simple moving average is $1,717.00 and its 200 day simple moving average is $1,626.93. ASML has a one year low of $935.41 and a one year high of $1,999.96. The firm has a market cap of $677.42 billion, a PE ratio of 53.59, a price-to-earnings-growth ratio of 0.88 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The company had revenue of $10.62 billion for the quarter. As a group, sell-side analysts forecast that ASML will post 44.03 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were given a $2.1507 dividend. The ex-dividend date was Tuesday, July 28th. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. This is a decrease from ASML’s previous quarterly dividend of $3.1771. ASML’s dividend payout ratio is 22.62%.

About ASML

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment uses light to project intricate circuit patterns onto silicon wafers, an essential step in the production of chips for computers, smartphones, automobiles, data centers and other electronic devices.

The company’s product portfolio includes extreme ultraviolet (EUV) lithography systems, deep ultraviolet (DUV) lithography systems and advanced metrology and inspection technologies.