ASML Holding N.V. (NASDAQ:ASML) Stock Has Average Price Target of $2,204.71

ASML Holding N.V. (NASDAQ:ASML) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-four analysts that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $2,204.71.

Several equities analysts recently weighed in on ASML shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $2,100.00 price target on shares of ASML in a research report on Wednesday, October 7th. Weiss Ratings lowered ASML from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 30th. Wells Fargo & Company boosted their price objective on ASML from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Barclays reissued an “overweight” rating on shares of ASML in a research note on Thursday, July 16th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of ASML in a report on Monday, September 14th.

Hedge Funds Weigh In On ASML

Several large investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. bought a new position in shares of ASML during the third quarter valued at about $47,131,000. Private Wealth Asset Management LLC grew its position in ASML by 270.0% in the 3rd quarter. Private Wealth Asset Management LLC now owns 370 shares of the semiconductor company’s stock worth $670,000 after purchasing an additional 270 shares in the last quarter. Wilkinson Global Asset Management LLC grew its position in ASML by 2.3% in the 3rd quarter. Wilkinson Global Asset Management LLC now owns 443 shares of the semiconductor company’s stock worth $803,000 after purchasing an additional 10 shares in the last quarter. Greenline Wealth Management LLC increased its stake in ASML by 10.0% in the 3rd quarter. Greenline Wealth Management LLC now owns 198 shares of the semiconductor company’s stock valued at $359,000 after buying an additional 18 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in ASML by 25.9% in the 3rd quarter. Private Advisor Group LLC now owns 10,810 shares of the semiconductor company’s stock valued at $19,584,000 after buying an additional 2,223 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

ASML Stock Performance

ASML opened at $1,534.42 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09. The company’s fifty day moving average price is $1,667.22 and its two-hundred day moving average price is $1,601.91. ASML has a 1-year low of $946.11 and a 1-year high of $1,999.96. The company has a market cap of $591.39 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 0.63 and a beta of 1.80.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share (EPS) for the quarter. The firm had revenue of $13.27 billion during the quarter. ASML had a net margin of 34.10% and a return on equity of 64.24%. On average, analysts expect that ASML will post 46.54 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Tuesday, October 27th were given a $2.1077 dividend. This represents a $8.43 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, October 27th. This is a decrease from ASML’s previous quarterly dividend of $2.1507. ASML’s payout ratio is currently 17.53%.

About ASML

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures equipment used to produce semiconductor chips. Its systems are used by chipmakers to create the intricate patterns that form circuits on silicon wafers. The company’s products include extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, along with metrology and inspection equipment, computational lithography software, and related services. ASML also supports customers with system maintenance, upgrades, and technical assistance.