ASML (NASDAQ:ASML) Shares Up 1.5% – Here’s Why

ASML Holding (NASDAQ:ASML)’s share price traded up 1.5% on Tuesday . The company traded as high as $682.37 and last traded at $681.40. 349,303 shares traded hands during trading, a decline of 75% from the average session volume of 1,399,605 shares. The stock had previously closed at $671.16.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Susquehanna dropped their price target 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. JPMorgan Chase & Co. decreased 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. Wells Fargo & Company dropped their price objective on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Finally, Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Stock Down 2.2 %

The stock’s fifty day moving average is $780.47 and its two-hundred day moving average is $892.54. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a market cap of $260.22 billion, a P/E ratio of 34.63, a price-to-earnings-growth ratio of 1.95 and a beta of 1.51.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Tuesday, October 29th will be given a $1.407 dividend. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.85%. ASML’s dividend payout ratio (DPR) is presently 29.21%.

Institutional Trading of ASML

A number of large investors have recently modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. lifted its position in ASML by 22.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,911 shares of the semiconductor company’s stock valued at $8,648,000 after purchasing an additional 1,661 shares during the last quarter. Larson Financial Group LLC raised its position in ASML by 84.6% during the first quarter. Larson Financial Group LLC now owns 48 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 22 shares in the last quarter. Avidian Wealth Solutions LLC purchased a new stake in ASML during the first quarter valued at about $201,000. Geneos Wealth Management Inc. lifted its stake in ASML by 23.7% during the first quarter. Geneos Wealth Management Inc. now owns 235 shares of the semiconductor company’s stock worth $228,000 after purchasing an additional 45 shares during the last quarter. Finally, Howland Capital Management LLC purchased a new position in shares of ASML in the 1st quarter worth about $362,000. 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.