ASML Holding (NASDAQ:ASML - Get Free Report) fell 0.2% during trading on Tuesday . The company traded as low as $703.69 and last traded at $707.32. 320,009 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 1,385,279 shares. The stock had previously closed at $708.65.
Wall Street Analysts Forecast Growth
ASML has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on shares of ASML from $1,000.00 to $790.00 and set an "overweight" rating on the stock in a research report on Thursday, October 17th. UBS Group lowered ASML from a "buy" rating to a "neutral" rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. reduced their target price on ASML from $1,207.00 to $1,148.00 and set an "overweight" rating for the company in a report on Thursday, October 17th. Berenberg Bank raised shares of ASML to a "strong-buy" rating in a report on Wednesday, October 2nd. Finally, Susquehanna reduced their price objective on shares of 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. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, ASML has an average rating of "Moderate Buy" and an average price target of $970.60.
Check Out Our Latest Stock Report on ASML
ASML Price Performance
The firm has a 50-day moving average price of $812.29 and a 200 day moving average price of $904.42. The stock has a market capitalization of $282.19 billion, a P/E ratio of 36.12, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52.
ASML Cuts Dividend
The firm 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 dividend of $1.407 per share. This represents a $5.63 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Tuesday, October 29th. ASML's dividend payout ratio is currently 28.70%.
Institutional Trading of ASML
A number of institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp boosted its stake in shares of ASML by 37.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company's stock valued at $1,464,061,000 after purchasing an additional 474,653 shares in the last quarter. Jennison Associates LLC raised its holdings in ASML by 50.0% in 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 during the last quarter. GQG Partners LLC lifted its holdings in shares of ASML by 21.6% during the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company's stock valued at $1,608,921,000 after purchasing an additional 294,784 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of ASML by 18.9% during the 1st quarter. Janus Henderson Group PLC now owns 1,220,210 shares of the semiconductor company's stock valued at $1,184,173,000 after acquiring an additional 194,357 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in ASML by 4,379.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company's stock worth $910,102,000 after purchasing an additional 870,010 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.
About ASML
(
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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