ASML (NASDAQ:ASML) Stock Price Up 0.8% – Here’s What Happened

ASML Holding (NASDAQ:ASML) shares were up 0.8% during mid-day trading on Monday . The stock traded as high as $666.29 and last traded at $664.00. Approximately 663,635 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 1,436,275 shares. The stock had previously closed at $658.63.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ASML shares. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Wells Fargo & Company cut their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Susquehanna cut their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Price Performance

The firm has a market capitalization of $260.51 billion, a P/E ratio of 34.67, a price-to-earnings-growth ratio of 1.90 and a beta of 1.51. The business has a 50-day moving average of $753.23 and a 200 day moving average of $878.72. 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 issued its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating 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 business had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. On average, sell-side analysts predict that ASML Holding will post 20.77 earnings per share for the current fiscal 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 $1.407 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.85%. ASML’s payout ratio is presently 29.21%.

Hedge Funds Weigh In On ASML

A number of hedge funds and other institutional investors have recently modified their holdings of ASML. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of ASML in the 1st quarter worth approximately $5,409,000. Crewe Advisors LLC purchased a new position in ASML in the first quarter valued at approximately $171,000. Vident Advisory LLC lifted its stake in ASML by 31.3% in the first quarter. Vident Advisory LLC now owns 3,030 shares of the semiconductor company’s stock valued at $2,941,000 after purchasing an additional 722 shares during the last quarter. CreativeOne Wealth LLC lifted its stake in ASML by 118.8% in the first quarter. CreativeOne Wealth LLC now owns 1,247 shares of the semiconductor company’s stock valued at $1,210,000 after purchasing an additional 677 shares during the last quarter. Finally, Freestone Capital Holdings LLC lifted its stake in ASML by 13.2% in the first quarter. Freestone Capital Holdings LLC now owns 496 shares of the semiconductor company’s stock valued at $481,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors 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.