ASML Holding N.V. (NASDAQ:ASML – Get Free Report) shot up 5% during trading on Friday. The company traded as high as $1,447.49 and last traded at $1,424.75. 1,900,614 shares traded hands during trading, an increase of 9% from the average session volume of 1,749,875 shares. The stock had previously closed at $1,356.65.
Analyst Ratings Changes
Several equities research analysts recently issued reports on ASML shares. Citigroup reissued a “buy” rating on shares of ASML in a research report on Thursday, October 15th. Wells Fargo & Company upped their price target on shares of ASML from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of ASML in a research note on Monday, September 14th. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research note on Wednesday, September 30th. Finally, JPMorgan Chase & Co. decreased their price target on shares of ASML from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, ASML has a consensus rating of “Moderate Buy” and a consensus target price of $2,079.12.
Check Out Our Latest Stock Analysis on ASML
ASML Stock Performance
The stock’s 50 day moving average price is $1,683.46 and its 200 day moving average price is $1,599.36. The company has a current ratio of 1.49, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09. The firm has a market cap of $549.12 billion, a PE ratio of 35.08, a P/E/G ratio of 0.62 and a beta of 1.80.
ASML (NASDAQ:ASML – Get Free Report) last announced its quarterly earnings results on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share for the quarter. ASML had a net margin of 34.10% and a return on equity of 64.24%. The firm had revenue of $13.27 billion during the quarter. As a group, equities analysts forecast that ASML Holding N.V. will post 46.54 earnings per share for the current fiscal year.
ASML Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Shareholders of record on Tuesday, October 27th were paid a dividend of $2.1077 per share. This is a drop from ASML’s previous quarterly dividend of $2.1507. This represents a $8.43 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, October 27th. ASML’s payout ratio is presently 17.53%.
Institutional Investors Weigh In On ASML
Several institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP lifted its position in shares of ASML by 5.9% during the third quarter. Allworth Financial LP now owns 4,251 shares of the semiconductor company’s stock worth $8,458,000 after purchasing an additional 238 shares in the last quarter. GKV Capital Management Co. Inc. grew its holdings in ASML by 22.9% during the 3rd quarter. GKV Capital Management Co. Inc. now owns 2,037 shares of the semiconductor company’s stock valued at $3,690,000 after purchasing an additional 379 shares in the last quarter. Fisher Asset Management LLC increased its stake in ASML by 2.1% during the 3rd quarter. Fisher Asset Management LLC now owns 4,839,202 shares of the semiconductor company’s stock worth $8,767,040,000 after buying an additional 101,588 shares during the period. Private Advisory Group LLC increased its stake in ASML by 12.1% during the 3rd quarter. Private Advisory Group LLC now owns 12,990 shares of the semiconductor company’s stock worth $23,533,000 after buying an additional 1,398 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in ASML by 8.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 67,132 shares of the semiconductor company’s stock worth $121,897,000 after buying an additional 5,446 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.
About ASML
ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures equipment used to produce semiconductor chips. Its systems are used by chipmakers to create the intricate patterns that form circuits on silicon wafers.
The company’s products include extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, along with metrology and inspection equipment, computational lithography software, and related services. ASML also supports customers with system maintenance, upgrades, and technical assistance.
Founded in 1984 as a joint venture between Philips and ASM International, ASML is headquartered in Veldhoven, the Netherlands.
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