Susquehanna Lowers ASML (NASDAQ:ASML) Price Target to $1,100.00

ASML (NASDAQ:ASML) had its price target trimmed by Susquehanna from $1,300.00 to $1,100.00 in a research note published on Friday, Benzinga reports. The firm currently has a positive rating on the semiconductor company’s stock.

Several other equities analysts also recently weighed in on the stock. Morgan Stanley downgraded shares of ASML from an overweight rating to an equal weight rating in a report on Friday, September 20th. Barclays raised shares of ASML from an equal weight rating to an overweight rating in a report on Tuesday, July 30th. UBS Group downgraded shares of ASML from a buy rating to a neutral rating in a report on Wednesday, September 4th. Wells Fargo & Company lowered their price target on shares of ASML from $1,185.00 to $1,000.00 and set an overweight rating on the stock in a report on Thursday, October 3rd. Finally, Berenberg Bank raised shares of ASML to a strong-buy rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $1,071.80.

ASML Trading Up 3.8 %

ASML stock opened at $872.27 on Friday. The business has a 50-day simple moving average of $846.01 and a two-hundred day simple moving average of $923.22. ASML has a 52-week low of $573.86 and a 52-week high of $1,110.09. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The company has a market cap of $344.19 billion, a P/E ratio of 44.55, a P/E/G ratio of 2.08 and a beta of 1.48.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. ASML had a net margin of 26.50% and a return on equity of 49.93%. The business had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same period in the prior year, the company earned $5.37 earnings per share. The firm’s revenue was down 9.5% on a year-over-year basis. Analysts predict that ASML will post 20.38 EPS for the current year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were given a dividend of $1.8732 per share. This is a boost from ASML’s previous quarterly dividend of $1.34. The ex-dividend date was Monday, July 29th. This represents a $7.49 dividend on an annualized basis and a yield of 0.86%. ASML’s payout ratio is 28.50%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Fisher Asset Management LLC grew its holdings in shares of ASML by 2.0% in the fourth quarter. Fisher Asset Management LLC now owns 4,967,958 shares of the semiconductor company’s stock worth $3,760,348,000 after purchasing an additional 95,795 shares during the last quarter. Jennison Associates LLC grew its holdings in ASML by 50.0% during the 1st quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after acquiring an additional 572,996 shares in the last quarter. GQG Partners LLC grew its holdings in ASML by 21.6% during the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after acquiring an additional 294,784 shares in the last quarter. Van ECK Associates Corp grew its holdings in ASML by 15.4% during the 2nd quarter. Van ECK Associates Corp now owns 1,282,396 shares of the semiconductor company’s stock worth $1,311,545,000 after acquiring an additional 170,992 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of ASML by 18.9% during the first quarter. Janus Henderson Group PLC now owns 1,220,210 shares of the semiconductor company’s stock valued at $1,184,173,000 after buying an additional 194,357 shares during the last quarter. 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.