ASML Holding (NASDAQ:ASML) Receives $1,018.00 Average Target Price from Brokerages

ASML Holding (NASDAQ:ASML) has been given a consensus recommendation of “Moderate Buy” by the fourteen research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $1,018.00.

ASML has been the topic of a number of recent analyst reports. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Susquehanna lowered their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. JPMorgan Chase & Co. lowered their target price on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company lowered their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research note on Thursday.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Resources Management Corp CT ADV purchased a new position in shares of ASML during the second quarter worth approximately $26,000. WD Rutherford LLC bought a new position in shares of ASML in the first quarter worth approximately $29,000. Triad Wealth Partners LLC bought a new position in shares of ASML in the second quarter worth approximately $31,000. First Community Trust NA bought a new position in shares of ASML in the second quarter worth approximately $34,000. Finally, POM Investment Strategies LLC bought a new position in shares of ASML in the second quarter worth approximately $36,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Trading Up 3.2 %

Shares of ASML stock opened at $723.26 on Friday. ASML has a 12-month low of $573.86 and a 12-month high of $1,110.09. The company has a market cap of $285.39 billion, a price-to-earnings ratio of 36.94, a PEG ratio of 2.08 and a beta of 1.48. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $834.43 and its 200-day moving average price is $915.67.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th will be paid a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is presently 28.50%.

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.