ASML (NASDAQ:ASML) Trading 1.2% Higher

ASML Holding (NASDAQ:ASML) shares shot up 1.2% during trading on Monday . The company traded as high as $914.00 and last traded at $912.45. 180,592 shares traded hands during trading, a decline of 85% from the average session volume of 1,212,936 shares. The stock had previously closed at $901.63.

Analyst Ratings Changes

Several equities analysts have recently commented on ASML shares. Wells Fargo & Company upped their price target on shares of ASML from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Sanford C. Bernstein decreased their target price on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. HSBC initiated coverage on ASML in a report on Thursday, February 22nd. They set a “buy” rating on the stock. Redburn Atlantic upgraded ASML from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 20th. Finally, Evercore ISI started coverage on ASML in a research report on Tuesday, April 16th. They set an “outperform” rating for the company. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,036.00.

ASML Stock Performance

The company has a fifty day moving average price of $949.84 and a two-hundred day moving average price of $821.79. The firm has a market cap of $359.66 billion, a price-to-earnings ratio of 46.55, a price-to-earnings-growth ratio of 2.25 and a beta of 1.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 0.88.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th were given a dividend of $1.343 per share. The ex-dividend date of this dividend was Friday, April 26th. This represents a $5.37 annualized dividend and a dividend yield of 0.59%. ASML’s dividend payout ratio (DPR) is 32.53%.

Institutional Trading of ASML

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Townsquare Capital LLC lifted its position in shares of ASML by 11.5% during the 3rd quarter. Townsquare Capital LLC now owns 8,516 shares of the semiconductor company’s stock valued at $5,013,000 after acquiring an additional 881 shares during the last quarter. Savoie Capital LLC acquired a new stake in ASML during the 3rd quarter worth about $14,658,000. International Assets Investment Management LLC lifted its stake in ASML by 48,040.7% during the fourth quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock valued at $186,202,000 after buying an additional 245,488 shares in the last quarter. CenterBook Partners LP boosted its holdings in shares of ASML by 69.2% in the third quarter. CenterBook Partners LP now owns 11,529 shares of the semiconductor company’s stock worth $6,787,000 after buying an additional 4,716 shares during the period. Finally, Meitav Investment House Ltd. increased its position in shares of ASML by 219.0% in the fourth quarter. Meitav Investment House Ltd. now owns 3,158 shares of the semiconductor company’s stock worth $2,195,000 after acquiring an additional 2,168 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

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.