Wall Street Zen downgraded shares of ASML (NASDAQ:ASML – Free Report) from a buy rating to a hold rating in a research note released on Saturday.
Other equities analysts have also issued research reports about the company. Citigroup reiterated a “buy” rating on shares of ASML in a research report on Friday, July 17th. Royal Bank Of Canada boosted their price objective on ASML from $1,700.00 to $2,000.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Barclays reaffirmed an “overweight” rating on shares of ASML in a research note on Thursday, July 16th. Sanford C. Bernstein raised their target price on shares of ASML from $1,971.00 to $2,623.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a research report on Thursday, June 11th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,970.33.
Read Our Latest Research Report on ASML
ASML Stock Performance
ASML (NASDAQ:ASML – Get Free Report) last issued its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The business had revenue of $10.64 billion for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. As a group, equities analysts predict that ASML will post 44.85 EPS for the current fiscal year.
ASML Cuts Dividend
The firm also recently declared 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 was Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a dividend yield of 0.5%. ASML’s payout ratio is currently 22.62%.
Institutional Investors Weigh In On ASML
Several hedge funds have recently bought and sold shares of the business. Boston Common Asset Management LLC purchased a new position in ASML during the first quarter valued at approximately $4,355,000. Cambridge Investment Research Advisors Inc. increased its stake in ASML by 3.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock valued at $24,036,000 after buying an additional 760 shares during the period. Keudell Morrison Wealth Management purchased a new stake in ASML in the 4th quarter worth approximately $1,402,000. Keybank National Association OH lifted its position in ASML by 21.3% in the 4th quarter. Keybank National Association OH now owns 65,354 shares of the semiconductor company’s stock worth $69,920,000 after buying an additional 11,459 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted its stake in shares of ASML by 507.0% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 2,695 shares of the semiconductor company’s stock valued at $2,883,000 after buying an additional 2,251 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.
ASML Company Profile
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.
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