Shares of ASML Holding N.V. (NASDAQ:ASML – Get Free Report) were up 6.2% on Monday. The company traded as high as $1,525.83 and last traded at $1,513.25. Approximately 2,187,454 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 1,753,134 shares. The stock had previously closed at $1,424.75.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on ASML shares. Barclays reaffirmed an “overweight” rating on shares of ASML in a research note on Thursday, July 16th. Cantor Fitzgerald restated an “overweight” rating on shares of ASML in a report on Monday, September 14th. JPMorgan Chase & Co. cut their target price on shares of ASML from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. Weiss Ratings downgraded shares of ASML from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 30th. Finally, Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research report on Wednesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and an average price target of $2,204.71.
Check Out Our Latest Stock Report on ASML
ASML Stock Performance
The company has a market capitalization of $583.23 billion, a price-to-earnings ratio of 37.25, a PEG ratio of 0.59 and a beta of 1.80. The stock has a fifty day moving average price of $1,677.25 and a two-hundred day moving average price of $1,599.85. The company has a quick ratio of 1.01, a current ratio of 1.49 and a debt-to-equity ratio of 0.09.
ASML (NASDAQ:ASML – Get Free Report) last posted its quarterly earnings data on Sunday, September 27th. The semiconductor company reported $14.71 EPS for the quarter. The business had revenue of $13.27 billion for the quarter. ASML had a return on equity of 64.24% and a net margin of 34.10%. As a group, analysts forecast that ASML Holding N.V. will post 46.54 EPS for the current fiscal year.
ASML Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Tuesday, October 27th were paid a dividend of $2.1077 per share. The ex-dividend date of this dividend was Tuesday, October 27th. This represents a $8.43 dividend on an annualized basis and a dividend yield of 0.6%. This is a decrease from ASML’s previous quarterly dividend of $2.1507. ASML’s dividend payout ratio is currently 17.53%.
Hedge Funds Weigh In On ASML
A number of large investors have recently bought and sold shares of the stock. NBH Bank purchased a new position in shares of ASML in the 2nd quarter worth $26,000. Gilpin Wealth Management LLC boosted its holdings in ASML by 275.0% in the third quarter. Gilpin Wealth Management LLC now owns 15 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 11 shares during the last quarter. Quest 10 Wealth Builders Inc. purchased a new stake in ASML during the third quarter valued at about $27,000. Field & Main Bank purchased a new stake in ASML during the second quarter valued at about $30,000. Finally, Vision Financial Markets LLC acquired a new stake in ASML during the third quarter worth about $36,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.
ASML Company Profile
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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