By otakuyassine3@gmail.com 
ASML Holding (NASDAQ:ASML – Get Free Report)’s stock price traded up 2.9% on Wednesday . The stock traded as high as $757.19 and last traded at $756.43. 519,654 shares were traded during trading, a decline of 64% from the average session volume of 1,448,622 shares. The stock had previously closed at $735.19.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased 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 note on Thursday, October 17th. Susquehanna cut their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company lowered their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $943.83.
Get Our Latest Stock Analysis on ASML
ASML Stock Up 1.3 %
The business has a 50 day moving average of $705.42 and a 200-day moving average of $845.38. The stock has a market cap of $292.98 billion, a PE ratio of 38.99, a P/E/G ratio of 2.07 and a beta of 1.49. 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 – Get Free Report) last posted its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The firm had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. Equities research analysts predict that ASML Holding will post 20.68 EPS for the current fiscal year.
ASML Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were given a dividend of $1.407 per share. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.76%. ASML’s dividend payout ratio (DPR) is 29.21%.
Hedge Funds Weigh In On ASML
Institutional investors and hedge funds have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV grew its stake in ASML by 4,379.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after buying an additional 870,010 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of ASML by 94,079.7% during the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock worth $4,096,410,000 after purchasing an additional 491,096 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of ASML by 37.0% in the third quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock worth $1,464,061,000 after buying an additional 474,653 shares during the last quarter. Tairen Capital Ltd boosted its holdings in ASML by 321.2% during the second quarter. Tairen Capital Ltd now owns 202,946 shares of the semiconductor company’s stock valued at $207,559,000 after acquiring an additional 154,760 shares during the period. Finally, Mediolanum International Funds Ltd acquired a new position in ASML during the 3rd quarter valued at $125,952,000. 26.07% of the stock is currently owned by hedge funds and other 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.
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