ASML’s (ASML) “Buy” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their buy rating on shares of ASML (NASDAQ:ASML) in a research report released on Monday morning,MarketScreener reports.

Several other equities analysts also recently issued reports on the company. Rothschild Redb upgraded ASML from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Berenberg Bank restated a “buy” rating on shares of ASML in a report on Friday, January 23rd. HSBC reaffirmed a “buy” rating on shares of ASML in a report on Friday, October 17th. Zacks Research upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Finally, Jefferies Financial Group restated a “neutral” rating on shares of ASML in a research report on Wednesday, January 28th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,475.00.

ASML Stock Performance

NASDAQ:ASML opened at $1,339.13 on Monday. The stock has a market capitalization of $526.65 billion, a P/E ratio of 51.86, a price-to-earnings-growth ratio of 1.61 and a beta of 1.89. The company has a current ratio of 1.26, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. ASML has a 1 year low of $578.51 and a 1 year high of $1,493.47. The firm has a 50 day moving average of $1,201.56 and a 200-day moving average of $998.33.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Monday, April 27th will be paid a $3.1771 dividend. This is a boost from ASML’s previous quarterly dividend of $1.88. The ex-dividend date of this dividend is Monday, April 27th. This represents a $12.71 annualized dividend and a dividend yield of 0.9%. ASML’s payout ratio is 24.55%.

Hedge Funds Weigh In On ASML

Several large investors have recently bought and sold shares of ASML. Manning & Napier Advisors LLC bought a new stake in shares of ASML during the 3rd quarter valued at $25,000. City Holding Co. acquired a new position in ASML in the third quarter valued at about $26,000. North Star Investment Management Corp. lifted its stake in ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 11 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in ASML during the fourth quarter worth about $32,000. Finally, Princeton Global Asset Management LLC grew its position in shares of ASML by 153.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after buying an additional 20 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Company Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.