ASML (NASDAQ:ASML) Price Target Increased to €680.00 by Analysts at Societe Generale

ASML (NASDAQ:ASMLGet Rating) had its price target upped by Societe Generale from €520.00 ($530.61) to €680.00 ($693.88) in a report released on Tuesday morning, The Fly reports.

ASML has been the subject of several other reports. Grupo Santander upgraded shares of ASML from an underperform rating to a neutral rating and set a €480.00 ($489.80) target price for the company in a research note on Monday, September 26th. Deutsche Bank Aktiengesellschaft upgraded shares of ASML from a hold rating to a buy rating in a research note on Wednesday, October 19th. UBS Group upgraded shares of ASML from a neutral rating to a buy rating in a research note on Wednesday, August 31st. Morgan Stanley raised their target price on shares of ASML from €650.00 ($663.27) to €700.00 ($714.29) and gave the company an overweight rating in a research note on Tuesday, November 15th. Finally, Susquehanna Bancshares raised shares of ASML to a positive rating and raised their target price for the stock from $510.00 to $850.00 in a report on Monday, November 14th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $696.46.

ASML Trading Up 2.7 %

ASML stock opened at $596.21 on Tuesday. The firm has a 50-day moving average of $472.80 and a 200-day moving average of $503.11. ASML has a one year low of $363.15 and a one year high of $832.68. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 0.82. The company has a market cap of $244.31 billion, a price-to-earnings ratio of 35.72, a P/E/G ratio of 1.76 and a beta of 1.36.

ASML Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Friday, November 4th were paid a $1.1393 dividend. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $4.56 dividend on an annualized basis and a yield of 0.76%. ASML’s dividend payout ratio (DPR) is 27.32%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Janney Capital Management LLC boosted its position in ASML by 11.3% in the first quarter. Janney Capital Management LLC now owns 628 shares of the semiconductor company’s stock valued at $419,000 after buying an additional 64 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in ASML by 16.8% in the first quarter. Envestnet Asset Management Inc. now owns 281,107 shares of the semiconductor company’s stock valued at $187,760,000 after buying an additional 40,396 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in ASML by 52.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 181 shares of the semiconductor company’s stock valued at $121,000 after buying an additional 62 shares in the last quarter. Precision Wealth Strategies LLC acquired a new stake in ASML in the first quarter valued at approximately $286,000. Finally, Benjamin Edwards Inc. boosted its position in ASML by 70.2% in the first quarter. Benjamin Edwards Inc. now owns 160 shares of the semiconductor company’s stock valued at $107,000 after buying an additional 66 shares in the last quarter. 19.04% of the stock is owned by institutional investors.

About ASML

(Get Rating)

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection related systems for memory and logic chipmakers. The company 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.

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