ASML Holding (NASDAQ:ASML) Given Average Rating of “Moderate Buy” by Analysts – Defense World
Posted by Defense World Staff on Jul 10th, 2024 
ASML Holding (NASDAQ:ASML – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $1,043.00.
ASML has been the subject of a number of research analyst reports. Evercore ISI initiated coverage on ASML in a research report on Tuesday, April 16th. They set an “outperform” rating for the company. Sanford C. Bernstein decreased their target price on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Finally, Wells Fargo & Company lifted their target price on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research report on Monday, June 17th.
Get Our Latest Analysis on ASML
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First PREMIER Bank grew its stake in ASML by 4.2% during the 1st quarter. First PREMIER Bank now owns 273 shares of the semiconductor company’s stock valued at $265,000 after purchasing an additional 11 shares during the last quarter. Investment Partners LTD. boosted its stake in shares of ASML by 1.2% in the first quarter. Investment Partners LTD. now owns 898 shares of the semiconductor company’s stock worth $871,000 after buying an additional 11 shares during the last quarter. Toth Financial Advisory Corp boosted its stake in shares of ASML by 11.5% in the fourth quarter. Toth Financial Advisory Corp now owns 126 shares of the semiconductor company’s stock worth $95,000 after buying an additional 13 shares during the last quarter. Slow Capital Inc. boosted its stake in shares of ASML by 0.3% in the fourth quarter. Slow Capital Inc. now owns 4,407 shares of the semiconductor company’s stock worth $3,336,000 after buying an additional 13 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its stake in shares of ASML by 4.7% in the first quarter. Miracle Mile Advisors LLC now owns 287 shares of the semiconductor company’s stock worth $279,000 after buying an additional 13 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.
ASML opened at $1,059.97 on Wednesday. The business has a fifty day moving average of $987.73 and a 200 day moving average of $924.58. ASML has a 52-week low of $563.99 and a 52-week high of $1,087.79. The company has a quick ratio of 0.88, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. The stock has a market cap of $418.25 billion, a P/E ratio of 54.14, a PEG ratio of 2.27 and a beta of 1.49.
ASML (NASDAQ:ASML – Get Free Report) last posted its quarterly earnings data on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.54. ASML had a return on equity of 56.99% and a net margin of 27.23%. The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.73 billion. As a group, sell-side analysts anticipate that ASML will post 20.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Monday, April 29th were paid a dividend of $1.343 per share. The ex-dividend date was Friday, April 26th. This represents a $5.37 annualized dividend and a yield of 0.51%. ASML’s dividend payout ratio (DPR) is 32.53%.
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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.
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