ASML’s (ASML) Buy Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their buy rating on shares of ASML (NASDAQ:ASMLFree Report) in a report released on Monday morning,MarketScreener reports.

ASML has been the topic of a number of other reports. Royal Bank Of Canada boosted their price target on shares of ASML from $1,550.00 to $1,625.00 and gave the stock an “outperform” rating in a research report on Thursday. Bank Degroof lowered ASML to a “hold” rating in a research note on Friday, October 10th. HSBC reissued a “buy” rating on shares of ASML in a research note on Friday, October 17th. Cantor Fitzgerald reissued an “overweight” rating on shares of ASML in a research report on Tuesday, December 16th. Finally, Santander downgraded ASML from a “neutral” rating to an “underperform” rating in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and an average price target of $1,475.00.

View Our Latest Research Report on ASML

ASML Stock Performance

Shares of ASML stock traded down $44.86 during mid-day trading on Monday, reaching $1,396.53. The stock had a trading volume of 966,532 shares, compared to its average volume of 2,276,421. The business’s fifty day moving average is $1,187.75 and its 200-day moving average is $991.28. The firm has a market cap of $549.23 billion, a price-to-earnings ratio of 54.22, a PEG ratio of 1.68 and a beta of 1.86. ASML has a 1-year low of $578.51 and a 1-year high of $1,493.47. The company has a current ratio of 1.26, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14.

ASML Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Monday, April 27th will be issued a $3.1771 dividend. The ex-dividend date is Monday, April 27th. This represents a $12.71 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from ASML’s previous quarterly dividend of $1.88. ASML’s payout ratio is currently 24.79%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ASML. Fisher Asset Management LLC increased its holdings 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 worth $4,213,705,000 after buying an additional 108,342 shares during the last quarter. Capital International Investors lifted its position in ASML by 17.3% during the third 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 lifted its holdings in shares of 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 acquiring an additional 305,435 shares in the last quarter. WCM Investment Management LLC boosted its position in ASML by 24.9% during the 3rd quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock worth $1,861,445,000 after purchasing an additional 385,502 shares during the period. Finally, Bank of America Corp DE boosted its position 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 during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML News Summary

Here are the key news stories impacting ASML this week:

ASML Company Profile

(Get Free Report)

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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