ASML (NASDAQ:ASML) Downgraded by KBC Securities to Hold

KBC Securities lowered shares of ASML (NASDAQ:ASMLGet Rating) from a buy rating to a hold rating in a report released on Thursday morning, The Fly reports.

Several other brokerages have also issued reports on ASML. Susquehanna upgraded shares of ASML from a neutral rating to a positive rating and lifted their price target for the company from $510.00 to $850.00 in a research note on Monday, November 14th. Grupo Santander raised shares of ASML from an underperform rating to a neutral rating and set a €480.00 ($489.80) price objective for the company in a report on Monday, September 26th. Wells Fargo & Company upped their price objective on shares of ASML from $510.00 to $665.00 and gave the stock an overweight rating in a research report on Monday, November 14th. Credit Suisse Group upped their price target on shares of ASML from €732.00 ($746.94) to €745.00 ($760.20) and gave the company an outperform rating in a research report on Monday, November 14th. Finally, Susquehanna Bancshares raised shares of ASML to a positive rating and increased their target price for the stock from $510.00 to $850.00 in a research note on Monday, November 14th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $696.46.

ASML Price Performance

Shares of ASML stock opened at $603.85 on Thursday. ASML has a 52-week low of $363.15 and a 52-week high of $832.68. The stock has a market cap of $247.45 billion, a PE ratio of 36.18, a PEG ratio of 1.77 and a beta of 1.36. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 1.26. The firm’s 50 day moving average price is $475.31 and its two-hundred day moving average price is $503.48.

ASML Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Friday, November 4th were issued a $1.1393 dividend. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $4.56 annualized dividend and a dividend yield of 0.75%. ASML’s dividend payout ratio is presently 27.32%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ASML. Edgewood Management LLC acquired a new stake in shares of ASML in the 1st quarter valued at about $1,577,216,000. Jennison Associates LLC increased its stake in ASML by 447.5% in the 2nd quarter. Jennison Associates LLC now owns 708,909 shares of the semiconductor company’s stock valued at $337,356,000 after purchasing an additional 579,419 shares in the last quarter. Renaissance Technologies LLC increased its position in ASML by 311.4% during the third quarter. Renaissance Technologies LLC now owns 612,681 shares of the semiconductor company’s stock worth $255,683,000 after buying an additional 463,749 shares in the last quarter. Aaron Wealth Advisors LLC boosted its holdings in shares of ASML by 90,201.1% during the first quarter. Aaron Wealth Advisors LLC now owns 323,278 shares of the semiconductor company’s stock worth $484,000 after purchasing an additional 322,920 shares during the last quarter. Finally, Winslow Capital Management LLC boosted its holdings in shares of ASML by 50.7% during the first quarter. Winslow Capital Management LLC now owns 802,586 shares of the semiconductor company’s stock worth $536,072,000 after purchasing an additional 270,023 shares during the last quarter. Hedge funds and other institutional investors own 19.04% of the company’s stock.

ASML Company Profile

(Get Rating)

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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Analyst Recommendations for ASML (NASDAQ:ASML)

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