ASML (NASDAQ:ASML) Price Target Cut to $815.00 by Analysts at Sanford C. Bernstein

ASML (NASDAQ:ASML) had its price target lowered by Sanford C. Bernstein from $1,052.00 to $815.00 in a research note published on Monday, Benzinga reports. The firm currently has an outperform rating on the semiconductor company’s stock.

ASML has been the topic of a number of other research reports. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Susquehanna cut their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Finally, Wells Fargo & Company cut their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Three investment 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Price Performance

NASDAQ:ASML opened at $708.62 on Monday. The company has a market capitalization of $279.61 billion, a P/E ratio of 36.19, a P/E/G ratio of 2.08 and a beta of 1.48. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. ASML has a 52 week low of $581.57 and a 52 week high of $1,110.09. The stock’s fifty day moving average is $825.27 and its two-hundred day moving average is $910.74.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Tuesday, October 29th will be issued a $1.407 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.79%. ASML’s dividend payout ratio (DPR) is presently 28.70%.

Institutional Investors Weigh In On ASML

Several large investors have recently bought and sold shares of ASML. Mercer Global Advisors Inc. ADV increased its stake in shares of ASML by 4,379.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after buying an additional 870,010 shares during the period. Jennison Associates LLC grew its holdings in ASML by 50.0% during the 1st quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after acquiring an additional 572,996 shares in the last quarter. Fayez Sarofim & Co purchased a new stake in shares of ASML in the 1st quarter valued at approximately $542,710,000. International Assets Investment Management LLC raised its holdings in shares of ASML by 94,079.7% in the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock valued at $4,096,410,000 after purchasing an additional 491,096 shares in the last quarter. Finally, GQG Partners LLC lifted its position in shares of ASML by 21.6% during the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after purchasing an additional 294,784 shares during the last quarter. Hedge funds and other 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.