Shares of ASML Holding N.V. (NASDAQ:ASML – Get Free Report) were down 3.6% on Wednesday. The stock traded as low as $1,478.96 and last traded at $1,496.30. 1,973,258 shares traded hands during mid-day trading, an increase of 13% from the average session volume of 1,739,826 shares. The stock had previously closed at $1,552.14.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on ASML. Wall Street Zen raised shares of ASML from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th. JPMorgan Chase & Co. cut their price target on shares of ASML from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a $2,100.00 price target on shares of ASML in a report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a research report on Friday, July 10th. Finally, Weiss Ratings downgraded shares of ASML from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $2,079.12.
Read Our Latest Stock Analysis on ASML
ASML Stock Down 3.6%
The stock has a 50-day moving average of $1,696.20 and a two-hundred day moving average of $1,598.54. The company has a market cap of $576.70 billion, a P/E ratio of 36.84, a P/E/G ratio of 0.63 and a beta of 1.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.49.
ASML (NASDAQ:ASML – Get Free Report) last issued its earnings results on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share (EPS) for the quarter. ASML had a return on equity of 64.24% and a net margin of 34.10%. The business had revenue of $13.27 billion during the quarter. On average, research analysts anticipate that ASML Holding N.V. will post 46.54 EPS for the current fiscal year.
ASML Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Tuesday, October 27th will be paid a $2.1077 dividend. This is a negative change from ASML’s previous quarterly dividend of $2.1507. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $8.43 dividend on an annualized basis and a dividend yield of 0.6%. ASML’s dividend payout ratio is currently 17.55%.
Hedge Funds Weigh In On ASML
Several institutional investors and hedge funds have recently made changes to their positions in the business. Boston Common Asset Management LLC bought a new position in ASML during the 1st quarter worth approximately $4,355,000. Puzo Michael J bought a new stake in shares of ASML in the second quarter worth about $1,795,000. Envestnet Asset Management Inc. grew its stake in shares of ASML by 6.5% in the second quarter. Envestnet Asset Management Inc. now owns 440,721 shares of the semiconductor company’s stock worth $876,783,000 after purchasing an additional 27,021 shares during the last quarter. State Street Corp increased its holdings in ASML by 4.4% during the 2nd quarter. State Street Corp now owns 85,872 shares of the semiconductor company’s stock valued at $170,851,000 after purchasing an additional 3,632 shares during the period. Finally, QRG Capital Management Inc. increased its holdings in ASML by 12.5% during the 2nd quarter. QRG Capital Management Inc. now owns 26,167 shares of the semiconductor company’s stock valued at $52,057,000 after purchasing an additional 2,913 shares during the period. 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 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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