ASML Holding N.V. (NASDAQ:ASML – Get Free Report)’s share price was up 2.8% during trading on Tuesday. The stock traded as high as $1,643.67 and last traded at $1,635.57. Approximately 1,326,899 shares traded hands during trading, a decline of 24% from the average daily volume of 1,743,961 shares. The stock had previously closed at $1,590.90.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on ASML shares. Royal Bank Of Canada restated an “outperform” rating and issued a $2,100.00 price target on shares of ASML in a research report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research report on Friday, July 10th. Sanford C. Bernstein boosted their target price on shares of ASML from $1,971.00 to $2,623.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Weiss Ratings upgraded shares of ASML from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Finally, UBS Group restated a “buy” rating on shares of ASML in a research note on Monday, September 28th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,079.12.
ASML Stock Performance
The company has a market cap of $630.38 billion, a P/E ratio of 40.27, a PEG ratio of 0.66 and a beta of 1.77. The company has a quick ratio of 1.01, a current ratio of 1.49 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average price of $1,722.74 and a 200-day moving average price of $1,586.27.
ASML (NASDAQ:ASML – Get Free Report) last issued its quarterly earnings data on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share for the quarter. The business had revenue of $13.27 billion for the quarter. ASML had a net margin of 34.10% and a return on equity of 64.24%. Equities analysts expect that ASML Holding N.V. will post 46.03 EPS for the current fiscal year.
ASML Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Tuesday, October 27th will be paid a dividend of $2.1077 per share. This represents a $8.43 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, October 27th. This is a negative change from ASML’s previous quarterly dividend of $2.1507. ASML’s dividend payout ratio is 17.90%.
Institutional Trading of ASML
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Great Lakes Retirement Inc. raised its stake in shares of ASML by 3.0% in the 3rd quarter. Great Lakes Retirement Inc. now owns 2,481 shares of the semiconductor company’s stock worth $4,494,000 after buying an additional 73 shares in the last quarter. Busey Bank lifted its holdings in shares of ASML by 3.3% during the third quarter. Busey Bank now owns 5,329 shares of the semiconductor company’s stock valued at $9,655,000 after purchasing an additional 169 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of ASML by 1,972.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 684 shares of the semiconductor company’s stock valued at $1,239,000 after purchasing an additional 651 shares during the period. Latitude Advisors LLC acquired a new position in shares of ASML in the third quarter worth about $85,000. Finally, Balance Wealth Partners LLC grew its position in ASML by 26.4% during the 3rd quarter. Balance Wealth Partners LLC now owns 177 shares of the semiconductor company’s stock worth $321,000 after purchasing an additional 37 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.
ASML Company Profile
ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures advanced lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment helps customers transfer intricate circuit patterns onto silicon wafers, a critical step in the production of processors, memory chips and other semiconductor devices.
ASML’s product portfolio includes extreme ultraviolet (EUV) lithography systems, which support the production of the most advanced chips, as well as deep ultraviolet (DUV) lithography systems for a broad range of semiconductor applications.
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