Analysts Set ASML Holding N.V. (NASDAQ:ASML) Price Target at $1,970.33

ASML Holding N.V. (NASDAQ:ASML) has received a consensus recommendation of “Moderate Buy” from the thirty-two brokerages that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, twenty-one have assigned a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $1,970.3333.

Several research firms have commented on ASML. Morningstar downgraded shares of ASML to a “sell” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. lifted their price objective on shares of ASML from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Weiss Ratings upgraded shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Zacks Research downgraded shares of ASML from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Finally, Sanford C. Bernstein raised their target price on ASML from $1,971.00 to $2,623.00 and gave the company an “outperform” rating in a report on Monday, July 6th.

Institutional Investors Weigh In On ASML

A number of large investors have recently added to or reduced their stakes in ASML. Arrowstreet Capital Limited Partnership increased its position in ASML by 195.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock worth $1,652,618,000 after buying an additional 1,022,532 shares during the period. Van ECK Associates Corp boosted its position in shares of ASML by 31.7% in the second quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company’s stock valued at $4,892,869,000 after acquiring an additional 592,125 shares during the period. Sei Investments Co. grew its stake in shares of ASML by 223.7% in the first quarter. Sei Investments Co. now owns 287,225 shares of the semiconductor company’s stock worth $379,368,000 after acquiring an additional 198,505 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in ASML by 14.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,526,411 shares of the semiconductor company’s stock worth $1,633,046,000 after acquiring an additional 193,068 shares during the period. Finally, Invesco Ltd. increased its position in ASML by 21.3% during the third quarter. Invesco Ltd. now owns 849,602 shares of the semiconductor company’s stock worth $822,492,000 after acquiring an additional 148,948 shares during the period. Institutional investors own 26.07% of the company’s stock.

ASML Stock Up 0.1%

ASML opened at $1,745.64 on Monday. The company has a market capitalization of $686.53 billion, a PE ratio of 54.31, a price-to-earnings-growth ratio of 0.86 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 has a fifty-two week low of $716.20 and a fifty-two week high of $1,999.96. The business has a 50-day moving average of $1,773.52 and a 200-day moving average of $1,588.65.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. The business had revenue of $10.64 billion during the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. Equities research analysts forecast that ASML will post 44.92 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were issued a dividend of $2.1507 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a dividend yield of 0.5%. ASML’s dividend payout ratio is currently 22.62%.

About ASML

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.