ASML Holding N.V. (NASDAQ:ASML) Stock Has Consensus Price Target of $2,085.38 According to Brokerages

Shares of ASML Holding N.V. (NASDAQ:ASML) have been given an average rating of “Moderate Buy” by the twenty-five research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $2,079.12.

Several research firms have issued reports on ASML. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a report on Friday, July 10th. Zacks Research lowered ASML from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. DZ Bank upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Cantor Fitzgerald restated an “overweight” rating on shares of ASML in a research note on Monday, September 14th. Finally, Weiss Ratings raised shares of ASML from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday.

ASML Stock Up 0.3%

Shares of NASDAQ ASML opened at $1,647.12 on Tuesday. ASML has a 1 year low of $946.11 and a 1 year high of $1,999.96. The firm has a market cap of $647.78 billion, a price-to-earnings ratio of 40.55, a PEG ratio of 0.70 and a beta of 1.77. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.49. The stock’s 50-day simple moving average is $1,737.39 and its 200-day simple moving average is $1,675.89.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Sunday, September 27th. The semiconductor company reported $14.71 EPS for the quarter. The business had revenue of $13.27 billion for the quarter. ASML had a return on equity of 64.24% and a net margin of 34.10%. As a group, equities analysts anticipate that ASML will post 45.26 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Tuesday, October 27th will be given a $2.1077 dividend. This represents a $8.43 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, October 27th. This is a decrease from ASML’s previous quarterly dividend of $2.1507. ASML’s payout ratio is presently 17.90%.

Institutional Investors Weigh In On ASML

A number of institutional investors have recently modified their holdings of the stock. CWA Asset Management Group LLC boosted its holdings in shares of ASML by 11.1% during the third quarter. CWA Asset Management Group LLC now owns 4,368 shares of the semiconductor company’s stock worth $7,913,000 after purchasing an additional 437 shares during the period. Investment Research Partners LLC increased its stake in ASML by 1.3% in the 3rd quarter. Investment Research Partners LLC now owns 834 shares of the semiconductor company’s stock valued at $1,511,000 after buying an additional 11 shares during the period. Maia Wealth LLC increased its stake in ASML by 5.9% in the 3rd quarter. Maia Wealth LLC now owns 217 shares of the semiconductor company’s stock valued at $393,000 after buying an additional 12 shares during the period. Tanager Wealth Management LLP lifted its position in ASML by 23.0% in the 3rd quarter. Tanager Wealth Management LLP now owns 401 shares of the semiconductor company’s stock worth $726,000 after buying an additional 75 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. lifted its position in ASML by 7.1% in the 3rd quarter. Richards Merrill & Peterson Inc. now owns 496 shares of the semiconductor company’s stock worth $899,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

About ASML

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures advanced lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment helps customers transfer intricate circuit patterns onto silicon wafers, a critical step in the production of processors, memory chips and other semiconductor devices.

ASML’s product portfolio includes extreme ultraviolet (EUV) lithography systems, which support the production of the most advanced chips, as well as deep ultraviolet (DUV) lithography systems for a broad range of semiconductor applications.