ASML (NASDAQ:ASML) Price Target Raised to €680.00

ASML (NASDAQ:ASMLGet Rating) had its price target boosted by Societe Generale from €520.00 ($530.61) to €680.00 ($693.88) in a research report released on Tuesday morning, The Fly reports.

A number of other analysts have also commented on ASML. Susquehanna raised shares of ASML from a neutral rating to a positive rating and upped their price objective for the company from $510.00 to $850.00 in a research note on Monday, November 14th. Wells Fargo & Company upped their price objective on shares of ASML from $510.00 to $665.00 and gave the company an overweight rating in a research note on Monday, November 14th. Morgan Stanley upped their price objective on shares of ASML from €650.00 ($663.27) to €700.00 ($714.29) and gave the company an overweight rating in a research note on Tuesday, November 15th. Deutsche Bank Aktiengesellschaft raised shares of ASML from a hold rating to a buy rating in a research note on Wednesday, October 19th. Finally, UBS Group raised shares of ASML from a neutral rating to a buy rating in a research report on Wednesday, August 31st. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $696.46.

ASML Stock Performance

NASDAQ:ASML opened at $603.85 on Tuesday. ASML has a twelve month low of $363.15 and a twelve month high of $832.68. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average of $475.31 and a 200-day moving average of $503.48. The firm has a market cap of $247.45 billion, a price-to-earnings ratio of 36.18, a price-to-earnings-growth ratio of 1.77 and a beta of 1.36.

ASML Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Friday, November 4th were issued a dividend of $1.1393 per share. The ex-dividend date was Thursday, November 3rd. This represents a $4.56 annualized dividend and a yield of 0.75%. ASML’s dividend payout ratio (DPR) is presently 27.32%.

Hedge Funds Weigh In On ASML

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASML. Edgewood Management LLC acquired a new stake in shares of ASML in the first quarter worth $1,577,216,000. Jennison Associates LLC grew its stake in shares of ASML by 447.5% in the second quarter. Jennison Associates LLC now owns 708,909 shares of the semiconductor company’s stock worth $337,356,000 after acquiring an additional 579,419 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of ASML by 311.4% in the third quarter. Renaissance Technologies LLC now owns 612,681 shares of the semiconductor company’s stock worth $255,683,000 after acquiring an additional 463,749 shares during the last quarter. Aaron Wealth Advisors LLC grew its stake in shares of ASML by 90,201.1% in the first quarter. Aaron Wealth Advisors LLC now owns 323,278 shares of the semiconductor company’s stock worth $484,000 after acquiring an additional 322,920 shares during the last quarter. Finally, Winslow Capital Management LLC grew its stake in shares of ASML by 50.7% in the first quarter. Winslow Capital Management LLC now owns 802,586 shares of the semiconductor company’s stock worth $536,072,000 after acquiring an additional 270,023 shares during the last quarter. Institutional investors and hedge funds own 19.04% of the company’s stock.

About ASML

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ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection related systems for memory and logic chipmakers. The company 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.

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