ASML Holding (NASDAQ:ASML - Get Free Report)'s stock price rose 1.9% during mid-day trading on Tuesday . The company traded as high as $745.12 and last traded at $736.36. Approximately 680,061 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 1,447,998 shares. The stock had previously closed at $722.38.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on ASML. Wells Fargo & Company lowered their price target on shares of ASML from $1,000.00 to $790.00 and set an "overweight" rating for the company in a report on Thursday, October 17th. JPMorgan Chase & Co. lowered their target price on shares of 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. BNP Paribas began coverage on ASML in a research note on Tuesday, December 3rd. They set an "outperform" rating and a $858.00 price target on the stock. Susquehanna dropped their target price on ASML from $1,300.00 to $1,100.00 and set a "positive" rating for the company in a research note on Friday, October 11th. Finally, UBS Group lowered shares of ASML from a "buy" rating to a "neutral" rating in a research report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, ASML currently has an average rating of "Moderate Buy" and an average price target of $943.83.
Check Out Our Latest Stock Analysis on ASML
ASML Stock Performance
The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a market cap of $289.24 billion, a PE ratio of 38.49, a P/E/G ratio of 2.07 and a beta of 1.49. The stock's 50 day moving average price is $705.42 and its 200 day moving average price is $845.38.
ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping analysts' consensus estimates of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The company had revenue of $8.21 billion for the quarter, compared to analysts' expectations of $7.66 billion. As a group, equities analysts forecast that ASML Holding will post 20.68 earnings per share for the current fiscal year.
ASML Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were paid a dividend of $1.407 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.77%. ASML's dividend payout ratio is currently 29.21%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Lantz Financial LLC purchased a new stake in shares of ASML during the second quarter worth about $216,000. Brookstone Capital Management increased its holdings in ASML by 2.3% during the 2nd quarter. Brookstone Capital Management now owns 997 shares of the semiconductor company's stock worth $929,000 after purchasing an additional 22 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of ASML by 15.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,254 shares of the semiconductor company's stock valued at $10,487,000 after purchasing an additional 1,343 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of ASML by 261.8% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,147 shares of the semiconductor company's stock valued at $1,173,000 after buying an additional 830 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of ASML by 6.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 36,352 shares of the semiconductor company's stock worth $37,178,000 after buying an additional 2,232 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other 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.
Further Reading
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