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

ASML Holding (NASDAQ:ASML) traded up 0.8% during trading on Wednesday . The stock traded as high as $716.35 and last traded at $710.56. 351,478 shares were traded during mid-day trading, a decline of 76% from the average session volume of 1,449,695 shares. The stock had previously closed at $705.27.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Susquehanna reduced their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. JPMorgan Chase & Co. reduced their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Finally, Sanford C. Bernstein reduced their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a report on Friday, November 29th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $943.83.

ASML Trading Up 1.6 %

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The stock has a market capitalization of $281.81 billion, a PE ratio of 37.20, a PEG ratio of 2.06 and a beta of 1.49. The stock has a 50-day moving average price of $716.13 and a two-hundred day moving average price of $854.04.

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. ASML had a return on equity of 47.61% and a net margin of 26.40%. The firm had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. As a group, equities analysts forecast that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were given a dividend of $1.407 per share. 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 0.79%. ASML’s payout ratio is currently 29.21%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Resources Management Corp CT ADV purchased a new position in ASML in the 2nd quarter worth approximately $26,000. Triad Wealth Partners LLC purchased a new position in ASML in the 2nd quarter worth approximately $31,000. Fairway Wealth LLC purchased a new position in ASML in the 3rd quarter worth approximately $25,000. Milestone Investment Advisors LLC purchased a new position in ASML in the 3rd quarter worth approximately $28,000. Finally, POM Investment Strategies LLC purchased a new position in ASML in the 2nd quarter worth approximately $36,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

About ASML

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.