ASML (NASDAQ:ASML) Stock Price Up 4.3%

ASML Holding (NASDAQ:ASML)’s stock price rose 4.3% during trading on Thursday . The stock traded as high as $778.00 and last traded at $774.43. Approximately 10,755 shares changed hands during trading, a decline of 99% from the average daily volume of 925,489 shares. The stock had previously closed at $742.17.

ASML has been the topic of several research analyst reports. Bank of America reiterated a “buy” rating on shares of ASML in a research note on Thursday, October 14th. Credit Suisse Group initiated coverage on shares of ASML in a research report on Thursday. They set an “outperform” rating on the stock. New Street Research downgraded shares of ASML from a “buy” rating to a “neutral” rating and set a $660.00 price objective on the stock. in a research report on Tuesday, September 28th. AlphaValue downgraded shares of ASML to a “reduce” rating in a research report on Thursday, October 21st. Finally, Zacks Investment Research downgraded shares of ASML from a “hold” rating to a “sell” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, ASML currently has an average rating of “Hold” and an average price target of $815.71.

The firm has a market cap of $305.09 billion, a PE ratio of 47.21, a P/E/G ratio of 1.07 and a beta of 1.09. The company’s fifty day moving average price is $794.08 and its two-hundred day moving average price is $786.15. The company has a quick ratio of 1.17, a current ratio of 1.71 and a debt-to-equity ratio of 0.36.

ASML (NASDAQ:ASML) last issued its earnings results on Tuesday, October 19th. The semiconductor company reported $5.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.67 by $0.35. The business had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.30 billion. ASML had a net margin of 30.52% and a return on equity of 43.16%. The business’s quarterly revenue was up 32.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.96 earnings per share. As a group, analysts predict that ASML Holding will post 15.78 earnings per share for the current year.

The business also recently disclosed a semi-annual dividend, which was paid on Friday, November 12th. Investors of record on Wednesday, November 3rd were issued a dividend of $2.0938 per share. The ex-dividend date was Tuesday, November 2nd. This represents a yield of 0.4%. This is an increase from ASML’s previous semi-annual dividend of $1.89. ASML’s payout ratio is currently 22.45%.

Hedge funds have recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. purchased a new stake in ASML during the third quarter worth about $26,000. Pinnacle Bancorp Inc. boosted its holdings in ASML by 125.0% during the third quarter. Pinnacle Bancorp Inc. now owns 36 shares of the semiconductor company’s stock worth $27,000 after buying an additional 20 shares in the last quarter. North Star Investment Management Corp. purchased a new stake in ASML during the third quarter worth about $30,000. Bell Investment Advisors Inc purchased a new stake in ASML during the third quarter worth about $31,000. Finally, Manchester Capital Management LLC acquired a new position in ASML during the second quarter worth about $32,000. 18.33% of the stock is currently owned by hedge funds and other institutional investors.

ASML Company Profile (NASDAQ:ASML)

ASML Holding NV engages in the development, production, marketing, sale and servicing of advanced semiconductor equipment, consisting of lithography related systems. It mainly caters the makers of memory chips and logic chips. The company was founded on April 1, 1984 and is headquartered in Veldhoven, the Netherlands.

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