Wells Fargo & Company Issues Positive Forecast for ASML (NASDAQ:ASML) Stock Price

ASML (NASDAQ:ASML) had its price objective lifted by Wells Fargo & Company from $790.00 to $860.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an overweight rating on the semiconductor company’s stock.

A number of other equities analysts have also issued reports on the stock. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Susquehanna lowered their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Sanford C. Bernstein lowered their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. BNP Paribas initiated coverage on shares of ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target on the stock. Finally, Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $955.50.

ASML Trading Down 1.6 %

Shares of ASML stock opened at $727.41 on Monday. ASML has a 1 year low of $645.45 and a 1 year high of $1,110.09. The firm’s fifty day simple moving average is $701.02 and its 200 day simple moving average is $803.87. The firm has a market capitalization of $286.18 billion, a P/E ratio of 38.08, a price-to-earnings-growth ratio of 2.07 and a beta of 1.47. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last announced its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The business had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. As a group, sell-side analysts predict that ASML will post 20.68 EPS for the current year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were paid a $1.407 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.77%. ASML’s dividend payout ratio is presently 29.21%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Resources Management Corp CT ADV acquired a new position in ASML during the 2nd quarter worth about $26,000. Fairway Wealth LLC acquired a new position in ASML during the 3rd quarter worth about $25,000. Milestone Investment Advisors LLC acquired a new position in ASML during the 3rd quarter worth about $28,000. Fortitude Family Office LLC lifted its position in ASML by 46.9% during the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after buying an additional 15 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in ASML during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

About ASML

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.