ASML (NASDAQ:ASML) Shares Up 0.7% – Here’s What Happened

ASML Holding (NASDAQ:ASML) shares were up 0.7% during mid-day trading on Monday . The stock traded as high as $717.27 and last traded at $710.30. Approximately 376,580 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 1,456,878 shares. The stock had previously closed at $705.68.

Analyst Ratings Changes

Several research analysts have weighed in on ASML shares. Sanford C. Bernstein lowered their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. BNP Paribas assumed coverage on ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 target price on the stock. Susquehanna lowered their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Finally, Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $943.83.

ASML Stock Up 2.0 %

The firm has a market capitalization of $283.07 billion, a price-to-earnings ratio of 37.67, a PEG ratio of 2.07 and a beta of 1.49. The business’s fifty day moving average price is $697.72 and its 200 day moving average price is $841.01. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The firm had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. On average, equities analysts expect that ASML Holding will post 20.68 EPS for the current year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were issued a $1.407 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.78%. ASML’s dividend payout ratio is currently 29.21%.

Institutional Investors Weigh In On ASML

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Lantz Financial LLC acquired a new stake in shares of ASML during the 2nd quarter valued at approximately $216,000. Bank of New York Mellon Corp grew its stake in ASML by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 238,954 shares of the semiconductor company’s stock valued at $244,385,000 after acquiring an additional 2,456 shares during the last quarter. Callan Family Office LLC increased its holdings in ASML by 8.1% during the 2nd quarter. Callan Family Office LLC now owns 254 shares of the semiconductor company’s stock valued at $260,000 after acquiring an additional 19 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in ASML by 358.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,320 shares of the semiconductor company’s stock worth $4,418,000 after acquiring an additional 3,377 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in shares of ASML in the second quarter valued at approximately $769,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.