ASML Holding (NASDAQ:ASML) Receives $1,043.00 Consensus PT from Brokerages – American Banking and Market News
Posted by ABMN Staff on Jul 13th, 2024 
ASML Holding (NASDAQ:ASML – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $1,083.00.
ASML has been the subject of a number of recent research reports. Susquehanna upped their price target on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research report on Thursday. Sanford C. Bernstein reduced their price target 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. Wells Fargo & Company upped their price target on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Finally, Evercore ISI initiated coverage on ASML in a research report on Tuesday, April 16th. They set an “outperform” rating for the company.
View Our Latest Analysis on ASML
NASDAQ ASML opened at $1,085.26 on Wednesday. The business has a 50 day simple moving average of $1,000.17 and a 200 day simple moving average of $929.05. ASML has a 52-week low of $563.99 and a 52-week high of $1,110.09. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 1.54. The stock has a market cap of $428.23 billion, a price-to-earnings ratio of 55.43, a PEG ratio of 2.32 and a beta of 1.49.
ASML (NASDAQ:ASML – Get Free Report) last posted its earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.73 billion. Analysts anticipate that ASML will post 20.12 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th were issued a $1.343 dividend. This represents a $5.37 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Friday, April 26th. ASML’s payout ratio is presently 32.53%.
Hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its holdings in ASML by 48,040.7% during the 4th quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock valued at $186,202,000 after purchasing an additional 245,488 shares during the last quarter. Griffin Asset Management Inc. increased its position in ASML by 9.3% during the 4th quarter. Griffin Asset Management Inc. now owns 19,608 shares of the semiconductor company’s stock worth $14,842,000 after buying an additional 1,661 shares during the period. Meitav Investment House Ltd. increased its position in ASML by 219.0% during the 4th quarter. Meitav Investment House Ltd. now owns 3,158 shares of the semiconductor company’s stock worth $2,195,000 after buying an additional 2,168 shares during the period. Salem Investment Counselors Inc. increased its position in ASML by 41.1% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,457 shares of the semiconductor company’s stock worth $3,355,000 after buying an additional 1,007 shares during the period. Finally, Beacon Pointe Advisors LLC increased its position in ASML by 22.1% during the 4th quarter. Beacon Pointe Advisors LLC now owns 2,050 shares of the semiconductor company’s stock worth $1,552,000 after buying an additional 371 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.
(Get Free Report
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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