ASML Holding (NASDAQ:ASML – Get Free Report) rose 1.1% during trading on Tuesday following a dividend announcement from the company. The company traded as high as $742.69 and last traded at $738.80. Approximately 384,103 shares traded hands during trading, a decline of 81% from the average daily volume of 1,979,132 shares. The stock had previously closed at $731.06.
The newly announced dividend which will be paid on Wednesday, February 19th. Investors of record on Tuesday, February 11th will be paid a $1.5855 dividend. This is a boost from ASML’s previous dividend of $1.08. The ex-dividend date of this dividend is Tuesday, February 11th. ASML’s payout ratio is currently 26.83%.
Wall Street Analyst Weigh In
ASML has been the topic of several analyst reports. Wells Fargo & Company lifted their price objective on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a report on Monday, January 13th. JPMorgan Chase & Co. reduced their price target on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. BNP Paribas assumed coverage on ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price objective on the stock. Sanford C. Bernstein cut their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. Finally, Susquehanna decreased 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. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $937.00.
ASML Stock Performance
The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. The firm has a market cap of $287.75 billion, a PE ratio of 35.16, a P/E/G ratio of 1.62 and a beta of 1.47. The firm has a 50-day moving average price of $720.30 and a two-hundred day moving average price of $771.01.
ASML (NASDAQ:ASML – Get Free Report) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a return on equity of 47.73% and a net margin of 26.78%. Research analysts forecast that ASML Holding will post 25.31 EPS for the current fiscal year.
Institutional Investors Weigh In On ASML
A number of large investors have recently made changes to their positions in the stock. Fairway Wealth LLC acquired a new position in ASML during the third quarter worth $25,000. Kennebec Savings Bank boosted its position in shares of ASML by 227.3% during the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 25 shares during the last quarter. Milestone Investment Advisors LLC purchased a new stake in shares of ASML in the third quarter valued at about $28,000. Fortitude Family Office LLC increased its position in ASML by 46.9% during the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 15 shares during the last quarter. Finally, Albion Financial Group UT raised its stake in ASML by 133.3% during the fourth quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 32 shares during the period. 26.07% of the stock is currently 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.
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