ASML (NASDAQ:ASML) Trading Down 0.2% – Here’s What Happened

ASML Holding (NASDAQ:ASMLGet Free Report)’s stock price traded down 0.2% on Tuesday . The company traded as low as $703.69 and last traded at $707.32. 320,009 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 1,385,279 shares. The stock had previously closed at $708.65.

Wall Street Analyst Weigh In

A number of research firms have commented on ASML. Wells Fargo & Company cut their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Sanford C. Bernstein reduced their price objective on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Susquehanna reduced their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Finally, Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

View Our Latest Stock Report on ASML

ASML Stock Performance

The firm has a market cap of $264.60 billion, a price-to-earnings ratio of 35.15, a P/E/G ratio of 2.08 and a beta of 1.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. The firm has a fifty day simple moving average of $802.87 and a two-hundred day simple moving average of $901.15.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th will be given a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s dividend payout ratio is presently 29.42%.

Hedge Funds Weigh In On ASML

Several hedge funds have recently made changes to their positions in the company. Resources Management Corp CT ADV acquired a new position in shares of ASML in the second quarter valued at about $26,000. Milestone Investment Advisors LLC acquired a new position in ASML in the 3rd quarter worth approximately $28,000. Triad Wealth Partners LLC acquired a new position in ASML in the 2nd quarter worth approximately $31,000. First Community Trust NA acquired a new stake in ASML during the 2nd quarter valued at approximately $34,000. Finally, POM Investment Strategies LLC acquired a new stake in ASML during the 2nd quarter valued at approximately $36,000. 26.07% of the stock is owned by institutional investors and hedge funds.

About ASML

(Get Free Report)

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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