ASML Holding (NASDAQ:ASML - Get Free Report) shares rose 2.2% on Thursday . The company traded as high as $711.96 and last traded at $708.30. Approximately 376,104 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 1,449,344 shares. The stock had previously closed at $693.08.
Analysts Set New Price Targets
Several research analysts recently weighed in on ASML shares. UBS Group lowered ASML from a "buy" rating to a "neutral" rating in a research report on Wednesday, September 4th. BNP Paribas initiated coverage on shares of ASML in a research note on Tuesday, December 3rd. They set an "outperform" rating and a $858.00 price objective on the stock. Morgan Stanley lowered shares of ASML from an "overweight" rating to an "equal weight" rating in a report on Friday, September 20th. Sanford C. Bernstein dropped their price objective on ASML from $815.00 to $767.00 and set an "outperform" rating on the stock in a report on Friday, November 29th. Finally, JPMorgan Chase & Co. decreased their price target on ASML from $1,207.00 to $1,148.00 and set an "overweight" rating for the company in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $943.83.
Get Our Latest Analysis on ASML
ASML Price Performance
The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The company has a market capitalization of $275.56 billion, a price-to-earnings ratio of 36.67, a price-to-earnings-growth ratio of 2.07 and a beta of 1.49. The business has a fifty day moving average price of $693.88 and a 200 day moving average price of $821.44.
ASML (NASDAQ:ASML - Get Free Report) last released its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The business had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. On average, research analysts expect that ASML Holding will post 20.68 earnings per share for the current fiscal year.
ASML Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were issued a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML's dividend payout ratio is presently 29.21%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in ASML. Taurus Asset Management LLC acquired a new stake in shares of ASML during the 3rd quarter worth about $16,994,000. State Street Corp boosted its holdings in ASML by 5.2% in the third quarter. State Street Corp now owns 140,802 shares of the semiconductor company's stock valued at $117,323,000 after acquiring an additional 7,010 shares during the last quarter. Stockman Wealth Management Inc. raised its stake in shares of ASML by 7.2% during the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company's stock worth $12,800,000 after buying an additional 1,032 shares during the last quarter. US Bancorp DE boosted its position in shares of ASML by 7.5% in the 3rd quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company's stock worth $39,664,000 after purchasing an additional 3,321 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in ASML by 104.4% during the third quarter. Principal Financial Group Inc. now owns 7,009 shares of the semiconductor company's stock valued at $5,840,000 after purchasing an additional 3,580 shares during the period. 26.07% of the stock is owned by institutional investors.
ASML Company Profile
(
Get Free Report)
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.
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