ASML (ASML) PT Raised to $210.00

ASML (NASDAQ:ASML) had its price target upped by Royal Bank of Canada to $210.00 in a report published on Thursday. The brokerage currently has a sector perform rating on the semiconductor company’s stock. The analysts noted that the move was a valuation call.

ASML has been the topic of several other research reports. Zacks Investment Research downgraded shares of ASML from a hold rating to a sell rating in a research note on Wednesday, December 20th. B. Riley reissued a neutral rating and issued a $166.00 target price (up previously from $162.00) on shares of ASML in a research note on Monday, October 16th. Sanford C. Bernstein reissued an outperform rating and issued a $184.00 target price (up previously from $172.50) on shares of ASML in a research note on Thursday, September 21st. BidaskClub downgraded shares of ASML from a buy rating to a hold rating in a research note on Thursday, January 11th. Finally, JPMorgan Chase & Co. reissued a buy rating on shares of ASML in a research note on Tuesday, October 3rd. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. ASML presently has an average rating of Buy and a consensus target price of $196.29.

ASML (NASDAQ ASML) traded up $2.16 during trading on Thursday, reaching $205.52. 1,120,000 shares of the company were exchanged, compared to its average volume of 1,010,000. ASML has a 52 week low of $119.83 and a 52 week high of $206.03. The stock has a market capitalization of $88,120.00, a P/E ratio of 34.25, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14. The company has a current ratio of 2.70, a quick ratio of 1.78 and a debt-to-equity ratio of 0.28.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, January 17th. The semiconductor company reported $1.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.52. ASML had a net margin of 24.28% and a return on equity of 21.16%. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the prior year, the firm posted $1.23 earnings per share. The business’s revenue for the quarter was up 34.3% on a year-over-year basis. sell-side analysts anticipate that ASML will post 7.31 EPS for the current year.

The business also recently declared an annual dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 30th will be paid a $1.7181 dividend. This represents a yield of 0.84%. The ex-dividend date is Friday, April 27th. This is an increase from ASML’s previous annual dividend of $0.71. ASML’s dividend payout ratio (DPR) is currently 18.50%.

ASML declared that its board has approved a stock buyback program on Wednesday, January 17th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the semiconductor company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

A number of hedge funds have recently bought and sold shares of ASML. Massey Quick Simon & CO. LLC purchased a new position in ASML in the 3rd quarter worth about $108,000. Northeast Investment Management purchased a new position in ASML in the 3rd quarter worth about $209,000. Adviser Investments LLC purchased a new position in ASML in the 3rd quarter worth about $229,000. Mckinley Capital Management LLC Delaware purchased a new position in ASML in the 2nd quarter worth about $265,000. Finally, Legal & General Group Plc purchased a new position in ASML in the 3rd quarter worth about $283,000. 16.60% of the stock is currently owned by institutional investors.

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About ASML

ASML Holding N.V. is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling and servicing of semiconductor equipment systems, consisting of lithography systems. The Company’s products include systems, and installed base products and services.

Analyst Recommendations for ASML (NASDAQ:ASML)

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