ASML (NASDAQ:ASML) Shares Up 1.8% – Here’s What Happened

ASML Holding (NASDAQ:ASML)’s share price shot up 1.8% during trading on Thursday . The stock traded as high as $679.84 and last traded at $673.03. 687,092 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 1,408,999 shares. The stock had previously closed at $661.43.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ASML. JPMorgan Chase & Co. reduced their price objective on 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 reduced their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Finally, Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Stock Performance

The firm has a market capitalization of $266.46 billion, a P/E ratio of 35.24, a P/E/G ratio of 1.95 and a beta of 1.51. 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 50-day moving average price of $780.47 and a two-hundred day moving average price of $892.54.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th will be paid a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Tuesday, October 29th. ASML’s dividend payout ratio is presently 29.21%.

Hedge Funds Weigh In On ASML

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in ASML during the third quarter worth $25,000. Resources Management Corp CT ADV acquired a new position in shares of ASML in the 2nd quarter valued at about $26,000. Milestone Investment Advisors LLC purchased a new stake in ASML in the 3rd quarter worth approximately $28,000. Triad Wealth Partners LLC purchased a new stake in ASML during the second quarter worth $31,000. Finally, First Community Trust NA acquired a new stake in shares of ASML during the 2nd quarter valued at about $34,000. 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.