ASML (NASDAQ:ASML) Price Target Cut to $1,052.00 by Analysts at Sanford C. Bernstein

ASML (NASDAQ:ASML) had its price target decreased by Sanford C. Bernstein from $1,072.00 to $1,052.00 in a research report sent to investors on Friday, Benzinga reports. Sanford C. Bernstein currently has an outperform rating on the semiconductor company’s stock.

ASML has been the subject of a number of other reports. Wells Fargo & Company lifted their price objective on ASML from $1,050.00 to $1,150.00 and gave the stock an overweight rating in a research report on Tuesday, April 2nd. Cantor Fitzgerald initiated coverage on ASML in a research report on Tuesday, January 23rd. They issued an overweight rating for the company. Redburn Atlantic upgraded ASML from a sell rating to a neutral rating in a research report on Tuesday, February 20th. Raymond James lifted their price objective on ASML from $850.00 to $1,000.00 and gave the stock a strong-buy rating in a research report on Thursday, January 25th. Finally, Susquehanna lifted their price objective on ASML from $830.00 to $1,100.00 and gave the stock a positive rating in a research report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned 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 a consensus price target of $1,036.00.

ASML Stock Performance

Shares of NASDAQ:ASML opened at $961.84 on Friday. ASML has a twelve month low of $563.99 and a twelve month high of $1,056.34. The firm has a market cap of $379.53 billion, a PE ratio of 44.72, a price-to-earnings-growth ratio of 2.35 and a beta of 1.48. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 1.50. The business has a fifty day moving average of $958.39 and a 200-day moving average of $781.98.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, January 24th. The semiconductor company reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. ASML had a return on equity of 68.32% and a net margin of 28.44%. The company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.34 billion. On average, equities research analysts predict that ASML will post 20.46 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th will be issued a dividend of $1.343 per share. This represents a $5.37 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Friday, April 26th. ASML’s dividend payout ratio (DPR) is currently 29.99%.

Hedge Funds Weigh In On ASML

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Carmel Capital Partners LLC lifted its holdings in shares of ASML by 200.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 45 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 30 shares in the last quarter. Addison Advisors LLC lifted its holdings in shares of ASML by 220.0% during the 3rd quarter. Addison Advisors LLC now owns 48 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 33 shares in the last quarter. Beaird Harris Wealth Management LLC bought a new position in shares of ASML during the 4th quarter valued at about $34,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of ASML by 48.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 15 shares in the last quarter. Finally, First Financial Corp IN bought a new position in shares of ASML during the 3rd quarter valued at about $36,000. Institutional investors 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.