Zacks Investment Research cut shares of ASML (NASDAQ:ASML) from a strong-buy rating to a hold rating in a report issued on Tuesday morning.
According to Zacks, “ASML is a world leader in the manufacture of advanced technology systems for the semiconductor industry. The company offers an integrated portfolio for manufacturing complex integrated circuits. ASML designs, develops, integrates, markets and services advanced systems used by customers the major global semiconductor manufacturers to create chips that power a wide array of electronic, communications and information technology products. “
A number of other equities analysts also recently issued reports on the stock. Credit Suisse Group raised shares of ASML from a neutral rating to an outperform rating in a report on Monday, January 15th. B. Riley reissued a hold rating and issued a $166.00 price objective on shares of ASML in a report on Tuesday, January 16th. BidaskClub downgraded shares of ASML from a buy rating to a hold rating in a report on Thursday, January 11th. Royal Bank of Canada raised their price objective on shares of ASML to $210.00 and gave the stock a sector perform rating in a report on Thursday, January 18th. They noted that the move was a valuation call. Finally, Santander downgraded shares of ASML from a buy rating to a hold rating in a report on Monday, March 19th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $196.29.
ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, January 17th. The semiconductor company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.52. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.15 billion. ASML had a net margin of 24.28% and a return on equity of 21.16%. The business’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 EPS. sell-side analysts forecast that ASML will post 7.31 earnings per share for the current year.
ASML announced that its board has approved a share repurchase program on Wednesday, January 17th that permits the company to buyback outstanding shares. This buyback authorization permits the semiconductor company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.
The firm also recently disclosed an annual dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 30th will be issued a $1.7181 dividend. This is an increase from ASML’s previous annual dividend of $0.71. The ex-dividend date is Friday, April 27th. This represents a dividend yield of 0.84%. ASML’s dividend payout ratio (DPR) is presently 20.22%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zions Bancorporation raised its stake in ASML by 5,802.2% during the 3rd quarter. Zions Bancorporation now owns 2,715 shares of the semiconductor company’s stock worth $465,000 after acquiring an additional 2,669 shares during the period. Parametric Portfolio Associates LLC raised its stake in ASML by 5.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 515,306 shares of the semiconductor company’s stock worth $88,220,000 after acquiring an additional 25,949 shares during the period. Fisher Asset Management LLC raised its stake in ASML by 2.8% during the 4th quarter. Fisher Asset Management LLC now owns 2,075,281 shares of the semiconductor company’s stock worth $360,725,000 after acquiring an additional 57,055 shares during the period. Capital Bank & Trust Co raised its stake in ASML by 1.0% during the 3rd quarter. Capital Bank & Trust Co now owns 378,988 shares of the semiconductor company’s stock worth $64,883,000 after acquiring an additional 3,841 shares during the period. Finally, Worth Venture Partners LLC bought a new stake in ASML during the 4th quarter worth approximately $278,000. Institutional investors own 16.90% of the company’s stock.
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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.
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