ASML (NASDAQ:ASML) Stock Price Up 7.1% – Here’s What Happened

ASML Holding (NASDAQ:ASML)’s share price was up 7.1% during trading on Monday . The stock traded as high as $765.60 and last traded at $765.08. Approximately 993,921 shares were traded during trading, a decline of 1% from the average daily volume of 1,006,528 shares. The stock had previously closed at $714.36.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. BNP Paribas started coverage on ASML in a research note on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target for the company. JPMorgan Chase & Co. reduced their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Wells Fargo & Company decreased their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Finally, Sanford C. Bernstein reduced 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. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and a consensus target price of $943.83.

ASML Trading Down 1.8 %

The business has a 50-day moving average of $695.98 and a 200-day moving average of $811.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The firm has a market cap of $292.70 billion, a price-to-earnings ratio of 38.95, a P/E/G ratio of 2.07 and a beta of 1.47.

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

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were paid a dividend of $1.407 per share. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.76%. ASML’s dividend payout ratio is currently 29.21%.

Hedge Funds Weigh In On ASML

Several large investors have recently modified their holdings of the stock. Central Pacific Bank Trust Division acquired a new position in shares of ASML in the fourth quarter valued at approximately $1,174,000. Taurus Asset Management LLC acquired a new position in ASML in the 3rd quarter valued at $16,994,000. State Street Corp increased its position in ASML by 5.2% during the 3rd quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock worth $117,323,000 after buying an additional 7,010 shares during the period. Stockman Wealth Management Inc. lifted its holdings in shares of ASML by 7.2% during the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after buying an additional 1,032 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of ASML by 7.5% in the third quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock valued at $39,664,000 after acquiring an additional 3,321 shares during the period. 26.07% of the stock is owned by institutional investors.

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.