ASML (NASDAQ:ASML) Upgraded by Rothschild Redb to “Strong-Buy” Rating

Rothschild Redb upgraded shares of ASML (NASDAQ:ASML) from a hold rating to a strong-buy rating in a research report report published on Friday morning,Zacks.com reports.

Several other brokerages have also recently weighed in on ASML. UBS Group reaffirmed a “buy” rating on shares of ASML in a research note on Wednesday, October 15th. Barclays reaffirmed an “overweight” rating on shares of ASML in a research report on Tuesday, September 30th. Morningstar downgraded shares of ASML to a “hold” rating in a research note on Thursday, September 18th. Citigroup reissued a “buy” rating on shares of ASML in a research report on Tuesday, October 7th. Finally, Bank Degroof cut ASML to a “hold” rating in a research note on Friday, October 10th. Four analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,076.33.

ASML Stock Performance

NASDAQ:ASML traded down $12.24 on Friday, reaching $1,016.96. 1,840,540 shares of the company’s stock were exchanged, compared to its average volume of 1,687,190. The firm has a market cap of $399.95 billion, a price-to-earnings ratio of 41.39, a P/E/G ratio of 1.76 and a beta of 1.88. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.70. The stock has a fifty day simple moving average of $952.53 and a 200-day simple moving average of $815.89. ASML has a 52 week low of $578.51 and a 52 week high of $1,086.11.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, beating the consensus estimate of $6.27 by $0.14. ASML had a return on equity of 47.74% and a net margin of 27.08%.The company had revenue of $8.71 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same period in the previous year, the business earned $5.28 earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year. As a group, sell-side analysts predict that ASML will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th were given a $1.857 dividend. This is a boost from ASML’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $7.43 dividend on an annualized basis and a yield of 0.7%. ASML’s payout ratio is presently 25.76%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. HBK Sorce Advisory LLC boosted its stake in ASML by 1.0% during the third quarter. HBK Sorce Advisory LLC now owns 1,057 shares of the semiconductor company’s stock valued at $1,067,000 after buying an additional 10 shares during the last quarter. Albion Financial Group UT raised its holdings in shares of ASML by 27.8% during the 3rd quarter. Albion Financial Group UT now owns 46 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 10 shares in the last quarter. Global Assets Advisory LLC boosted its position in shares of ASML by 2.3% during the 3rd quarter. Global Assets Advisory LLC now owns 452 shares of the semiconductor company’s stock valued at $438,000 after acquiring an additional 10 shares during the last quarter. State of Wyoming grew its holdings in shares of ASML by 4.2% in the third quarter. State of Wyoming now owns 247 shares of the semiconductor company’s stock valued at $239,000 after purchasing an additional 10 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its position in ASML by 3.0% in the third quarter. Wealthcare Advisory Partners LLC now owns 345 shares of the semiconductor company’s stock worth $334,000 after purchasing an additional 10 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

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.