BidaskClub upgraded shares of ASML (NASDAQ:ASML) from a buy rating to a strong-buy rating in a report published on Friday.
A number of other equities research analysts have also issued reports on ASML. Royal Bank of Canada increased their price target on ASML to $210.00 and gave the stock a sector perform rating in a research note on Thursday, January 18th. They noted that the move was a valuation call. B. Riley increased their price objective on shares of ASML from $166.00 to $200.00 and gave the company a neutral rating in a report on Wednesday, January 17th. Zacks Investment Research downgraded shares of ASML from a buy rating to a hold rating in a report on Thursday, January 18th. Finally, Credit Suisse Group raised shares of ASML from a neutral rating to an outperform rating in a report on Monday, January 15th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. ASML currently has an average rating of Buy and a consensus price target of $196.29.
Shares of ASML (ASML) opened at $211.30 on Friday. ASML has a 12 month low of $123.43 and a 12 month high of $212.75. The company has a quick ratio of 1.81, a current ratio of 2.70 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $90,680.00, a price-to-earnings ratio of 34.98, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15.
ASML declared that its board has approved a stock repurchase plan on Wednesday, January 17th that authorizes the company to buyback shares. This buyback authorization authorizes the semiconductor company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.
The business also recently disclosed an annual dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 30th will be issued a dividend of $1.7181 per share. This represents a dividend 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 is 18.38%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nationwide Fund Advisors lifted its holdings in shares of ASML by 1.7% in the 3rd quarter. Nationwide Fund Advisors now owns 53,300 shares of the semiconductor company’s stock valued at $9,125,000 after acquiring an additional 900 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of ASML by 245.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 8,946 shares of the semiconductor company’s stock valued at $1,532,000 after acquiring an additional 6,355 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of ASML by 27.1% in the 3rd quarter. American Century Companies Inc. now owns 24,290 shares of the semiconductor company’s stock valued at $4,158,000 after acquiring an additional 5,179 shares during the last quarter. USA Financial Portformulas Corp bought a new position in shares of ASML in the 3rd quarter valued at about $304,000. Finally, Sei Investments Co. lifted its holdings in shares of ASML by 11.8% in the 3rd quarter. Sei Investments Co. now owns 737,887 shares of the semiconductor company’s stock valued at $126,326,000 after acquiring an additional 77,648 shares during the last quarter. 16.90% of the stock is owned by institutional investors and hedge funds.
WARNING: This news story was first reported by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3258284/asml-asml-upgraded-to-strong-buy-by-bidaskclub.html.
ASML Company Profile
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.
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.