ASML’s (ASML) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their buy rating on shares of ASML (NASDAQ:ASML) in a research note released on Wednesday morning, MarketBeat.com reports.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price objective on ASML from $1,175.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. HSBC reiterated a “buy” rating on shares of ASML in a research note on Friday, October 17th. Rothschild Redb upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Barclays reaffirmed a “neutral” rating on shares of ASML in a research report on Wednesday, November 26th. Finally, Mizuho raised shares of ASML from a “neutral” rating to an “outperform” rating in a research report on Monday, September 29th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,171.83.

ASML Price Performance

ASML stock opened at $1,080.85 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.70. The company’s 50-day moving average is $1,039.93 and its 200-day moving average is $875.92. The stock has a market capitalization of $425.08 billion, a PE ratio of 43.99, a price-to-earnings-growth ratio of 1.74 and a beta of 1.87. ASML has a 1 year low of $578.51 and a 1 year high of $1,141.72.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.27 by $0.14. The business had revenue of $8.80 billion during the quarter, compared to the consensus estimate of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. ASML’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm posted $5.28 EPS. Equities research analysts expect that ASML will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Wednesday, October 29th were issued a $1.857 dividend. This is a boost from ASML’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $7.43 annualized dividend and a yield of 0.7%. ASML’s payout ratio is 25.80%.

Institutional Investors Weigh In On ASML

Institutional investors have recently made changes to their positions in the stock. Fisher Asset Management LLC raised its stake in shares of ASML by 2.6% during the 3rd quarter. Fisher Asset Management LLC now owns 4,352,596 shares of the semiconductor company’s stock valued at $4,213,705,000 after purchasing an additional 108,342 shares during the period. Capital International Investors grew its holdings in ASML by 17.3% during the 3rd quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock valued at $3,791,982,000 after buying an additional 577,448 shares in the last quarter. Van ECK Associates Corp grew its holdings in ASML by 16.6% during the 3rd quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock valued at $2,079,948,000 after buying an additional 305,435 shares in the last quarter. WCM Investment Management LLC lifted its holdings in shares of ASML by 24.9% in the third quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock worth $1,861,445,000 after buying an additional 385,502 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of ASML by 8.3% in the third quarter. Bank of America Corp DE now owns 1,865,254 shares of the semiconductor company’s stock worth $1,805,733,000 after buying an additional 142,763 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

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.