UBS Group Downgrades ASML (NASDAQ:ASML) to Neutral

UBS Group lowered shares of ASML (NASDAQ:ASML) from a buy rating to a neutral rating in a research note issued to investors on Wednesday morning, MarketBeat reports.

A number of other brokerages have also commented on ASML. Barclays upgraded shares of ASML from an equal weight rating to an overweight rating in a report on Tuesday, July 30th. Susquehanna raised their price objective on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a positive rating in a report on Thursday, July 11th. Wells Fargo & Company raised their price objective on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an overweight rating in a report on Monday, June 17th. Finally, JPMorgan Chase & Co. raised their price objective on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an overweight rating in a report on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, ASML currently has a consensus rating of Moderate Buy and an average price target of $1,147.80.

ASML Trading Down 4.0 %

ASML opened at $811.48 on Wednesday. The firm’s fifty day moving average is $935.85 and its two-hundred day moving average is $952.83. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. The firm has a market cap of $320.20 billion, a PE ratio of 41.44, a price-to-earnings-growth ratio of 1.91 and a beta of 1.49. ASML has a twelve month low of $563.99 and a twelve month high of $1,110.09.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.14. The company had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period last year, the business posted $5.37 earnings per share. Equities research analysts anticipate that ASML will post 20.3 EPS for the current year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were paid a $1.8732 dividend. This is a positive change from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Monday, July 29th. ASML’s payout ratio is presently 28.55%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Resources Management Corp CT ADV acquired a new stake in ASML in the 2nd quarter valued at about $26,000. American Capital Advisory LLC bought a new position in ASML during the first quarter worth about $26,000. WD Rutherford LLC bought a new position in ASML during the first quarter worth about $29,000. Triad Wealth Partners LLC bought a new position in ASML during the second quarter worth about $31,000. Finally, First Community Trust NA bought a new position in ASML during the second quarter worth about $34,000. Institutional investors own 26.07% of the company’s stock.

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.