ASML (NASDAQ:ASML) Price Target Lowered to $767.00 at Sanford C. Bernstein

ASML (NASDAQ:ASML) had its target price trimmed by Sanford C. Bernstein from $815.00 to $767.00 in a report published on Friday,Benzinga reports. They currently have an outperform rating on the semiconductor company’s stock.

ASML has been the topic of a number of other reports. Susquehanna cut their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. JPMorgan Chase & Co. reduced their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Finally, Wells Fargo & Company dropped their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $961.00.

ASML Stock Performance

Shares of ASML opened at $686.61 on Friday. ASML has a 52 week low of $645.45 and a 52 week high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The company has a market capitalization of $270.13 billion, a PE ratio of 35.95, a PEG ratio of 1.95 and a beta of 1.51. The company’s 50 day moving average price is $732.20 and its 200 day moving average price is $865.74.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The company had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. Research analysts expect that ASML will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were issued a $1.407 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 annualized dividend and a yield of 0.82%. ASML’s dividend payout ratio (DPR) is presently 29.21%.

Hedge Funds Weigh In On ASML

Several institutional investors and hedge funds have recently made changes to their positions in ASML. Resources Management Corp CT ADV acquired a new position in ASML in the second quarter valued at about $26,000. Triad Wealth Partners LLC acquired a new position in shares of ASML in the 2nd quarter valued at approximately $31,000. Fairway Wealth LLC bought a new stake in ASML during the 3rd quarter worth approximately $25,000. First Community Trust NA acquired a new stake in ASML during the 2nd quarter worth approximately $34,000. Finally, Milestone Investment Advisors LLC bought a new position in ASML in the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Company Profile

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.