ASML (NASDAQ:ASML) PT Lowered to $815.00

ASML (NASDAQ:ASML) had its target price decreased by Sanford C. Bernstein from $1,052.00 to $815.00 in a research note issued to investors on Monday morning, Benzinga reports. Sanford C. Bernstein currently has an outperform rating on the semiconductor company’s stock.

A number of other research analysts have also recently issued reports on the stock. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Susquehanna reduced their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. JPMorgan Chase & Co. reduced their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Finally, Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $970.60.

ASML Trading Up 0.3 %

NASDAQ:ASML opened at $710.81 on Monday. The company has a 50-day moving average price of $825.27 and a 200-day moving average price of $910.74. ASML has a 12 month low of $581.57 and a 12 month high of $1,110.09. 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 stock has a market cap of $280.48 billion, a price-to-earnings ratio of 36.25, a P/E/G ratio of 2.08 and a beta of 1.48.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th will be given a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is 28.70%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Deepwater Asset Management LLC increased its position in ASML by 7.0% during the third quarter. Deepwater Asset Management LLC now owns 1,788 shares of the semiconductor company’s stock valued at $1,490,000 after acquiring an additional 117 shares during the last quarter. Old Port Advisors grew its holdings in shares of ASML by 5.4% in the third quarter. Old Port Advisors now owns 391 shares of the semiconductor company’s stock worth $326,000 after purchasing an additional 20 shares during the last quarter. Autumn Glory Partners LLC bought a new position in shares of ASML in the third quarter worth about $339,000. Inscription Capital LLC grew its holdings in shares of ASML by 11.1% in the third quarter. Inscription Capital LLC now owns 439 shares of the semiconductor company’s stock worth $366,000 after purchasing an additional 44 shares during the last quarter. Finally, Tower View Wealth Management LLC grew its holdings in shares of ASML by 0.7% in the third quarter. Tower View Wealth Management LLC now owns 5,076 shares of the semiconductor company’s stock worth $4,230,000 after purchasing an additional 36 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.