ASML (NASDAQ:ASML) Price Target Lowered to $965.00 at Susquehanna

ASML (NASDAQ:ASML) had its price target decreased by Susquehanna from $1,100.00 to $965.00 in a research report report published on Thursday,Benzinga reports. Susquehanna currently has a positive rating on the semiconductor company’s stock.

A number of other brokerages also recently issued reports on ASML. Wells Fargo & Company upped their price objective on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. DZ Bank raised ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. cut their price objective on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and an average price target of $906.00.

ASML Stock Up 0.8 %

Shares of NASDAQ:ASML opened at $640.16 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53. ASML has a 52-week low of $578.51 and a 52-week high of $1,110.09. The business’s 50 day simple moving average is $699.77 and its two-hundred day simple moving average is $714.73. The firm has a market cap of $251.85 billion, a P/E ratio of 30.78, a PEG ratio of 1.62 and a beta of 1.67.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, topping analysts’ consensus estimates of $6.12 by $0.19. The company had revenue of $8.77 billion for the quarter, compared to analyst estimates of $7.90 billion. ASML had a net margin of 26.78% and a return on equity of 47.73%. As a group, research analysts forecast that ASML will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 28th will be given a dividend of $1.5855 per share. The ex-dividend date is Monday, April 28th. This is a boost from ASML’s previous dividend of $1.08. ASML’s dividend payout ratio is currently 31.35%.

Institutional Investors Weigh In On ASML

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morse Asset Management Inc purchased a new stake in shares of ASML during the 3rd quarter valued at approximately $52,000. Geode Capital Management LLC lifted its position in shares of ASML by 4.0% during the third quarter. Geode Capital Management LLC now owns 80,290 shares of the semiconductor company’s stock worth $66,902,000 after acquiring an additional 3,100 shares in the last quarter. Advisory Resource Group grew its position in shares of ASML by 21.7% in the third quarter. Advisory Resource Group now owns 1,191 shares of the semiconductor company’s stock valued at $992,000 after purchasing an additional 212 shares in the last quarter. Chelsea Counsel Co. bought a new stake in shares of ASML during the 3rd quarter valued at $417,000. Finally, Anchor Investment Management LLC lifted its holdings in ASML by 12.6% during the 3rd quarter. Anchor Investment Management LLC now owns 1,375 shares of the semiconductor company’s stock worth $1,146,000 after purchasing an additional 154 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.