ASML (NASDAQ:ASML) PT Lowered to $1,148.00 at JPMorgan Chase & Co.

ASML (NASDAQ:ASML) had its price objective trimmed by JPMorgan Chase & Co. from $1,207.00 to $1,148.00 in a research report sent to investors on Thursday morning, Benzinga reports. The brokerage currently has an overweight rating on the semiconductor company’s stock.

Other analysts have also recently issued reports about the company. Susquehanna decreased their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,018.00.

ASML Price Performance

Shares of ASML stock opened at $723.26 on Thursday. ASML has a 12 month low of $573.86 and a 12 month high of $1,110.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. The company has a market capitalization of $285.39 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. The firm’s 50-day moving average is $834.43 and its two-hundred day moving average is $916.12.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.87 by $0.14. ASML had a net margin of 26.50% and a return on equity of 49.93%. The company had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. During the same period in the prior year, the firm earned $5.37 earnings per share. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. Analysts predict that ASML will post 20.38 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, November 17th. Stockholders of record on Tuesday, October 29th will be given a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Tuesday, October 29th. ASML’s dividend payout ratio is currently 28.50%.

Hedge Funds Weigh In On ASML

Several hedge funds and other institutional investors have recently modified their holdings of the company. Resources Management Corp CT ADV bought a new position in ASML during the 2nd quarter valued at $26,000. WD Rutherford LLC acquired a new stake in ASML in the first quarter worth about $29,000. Triad Wealth Partners LLC bought a new position in ASML during the 2nd quarter valued at $31,000. First Community Trust NA acquired a new position in ASML during the second quarter worth about $34,000. Finally, POM Investment Strategies LLC bought a new stake in ASML in the second quarter worth about $36,000. 26.07% of the stock is owned by institutional investors and hedge funds.

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.