ASML (NASDAQ:ASML) Coverage Initiated by Analysts at Evercore ISI

Evercore ISI began coverage on shares of ASML (NASDAQ:ASML) in a research note published on Tuesday morning, MarketBeat reports. The firm issued an outperform rating on the semiconductor company’s stock.

A number of other research firms have also issued reports on ASML. Wells Fargo & Company increased their price target on ASML from $1,050.00 to $1,150.00 and gave the company an overweight rating in a research report on Tuesday, April 2nd. Cantor Fitzgerald started coverage on shares of ASML in a research report on Tuesday, January 23rd. They issued an overweight rating on the stock. HSBC started coverage on shares of ASML in a research report on Thursday, February 22nd. They set a buy rating for the company. Sanford C. Bernstein dropped their target price on ASML from $1,072.00 to $1,052.00 and set an outperform rating on the stock in a report on Friday, April 12th. Finally, Kepler Capital Markets raised ASML from a hold rating to a buy rating in a report on Monday, January 8th. Five 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 stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $1,036.00.

ASML Stock Up 2.3 %

Shares of NASDAQ:ASML opened at $976.92 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.96. The firm has a market capitalization of $385.48 billion, a PE ratio of 45.42, a price-to-earnings-growth ratio of 2.32 and a beta of 1.49. The firm’s 50-day moving average is $960.95 and its two-hundred day moving average is $790.29. ASML has a 1 year low of $563.99 and a 1 year high of $1,056.34.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $5.60 EPS for the quarter, beating the consensus estimate of $5.12 by $0.48. The company had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.34 billion. ASML had a net margin of 28.44% and a return on equity of 68.32%. Analysts predict that ASML will post 20.46 EPS for the current year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Monday, April 29th will be given a $1.343 dividend. The ex-dividend date is Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a dividend yield of 0.55%. ASML’s dividend payout ratio (DPR) is presently 24.59%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ASML. WD Rutherford LLC acquired a new position in shares of ASML in the 1st quarter valued at $29,000. Carmel Capital Partners LLC grew its position in ASML by 200.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 45 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 30 shares during the last quarter. Beaird Harris Wealth Management LLC acquired a new position in ASML in the fourth quarter valued at $34,000. Creative Financial Designs Inc. ADV boosted its stake in shares of ASML by 48.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock worth $35,000 after buying an additional 15 shares during the period. Finally, Addison Advisors LLC grew its holdings in shares of ASML by 220.0% during the third quarter. Addison Advisors LLC now owns 48 shares of the semiconductor company’s stock worth $28,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds 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.