ASML (NASDAQ:ASML) Stock Price Up 0% – Here’s Why

ASML Holding (NASDAQ:ASML)’s share price traded up 0% on Tuesday . The company traded as high as $735.00 and last traded at $728.03. 251,954 shares traded hands during trading, a decline of 85% from the average session volume of 1,693,261 shares. The stock had previously closed at $727.84.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. 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 research note on Monday, January 13th. JPMorgan Chase & Co. dropped their price objective on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. DZ Bank upgraded ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Sanford C. Bernstein dropped their price target on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Finally, BNP Paribas started coverage on ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $937.00.

ASML Stock Down 0.1 %

The company has a market cap of $286.16 billion, a P/E ratio of 34.98, a P/E/G ratio of 1.62 and a beta of 1.54. The stock has a 50-day moving average of $730.89 and a two-hundred day moving average of $733.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 47.73%. On average, research analysts anticipate that ASML Holding will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, February 19th. Shareholders of record on Tuesday, February 11th were issued a $1.5855 dividend. The ex-dividend date was Tuesday, February 11th. This is a boost from ASML’s previous dividend of $1.08. ASML’s dividend payout ratio is 31.35%.

Institutional Investors Weigh In On ASML

Several hedge funds have recently added to or reduced their stakes in ASML. Thrivent Financial for Lutherans lifted its holdings in ASML by 34.8% in the third quarter. Thrivent Financial for Lutherans now owns 3,108 shares of the semiconductor company’s stock valued at $2,589,000 after acquiring an additional 802 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of ASML by 6.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 49,472 shares of the semiconductor company’s stock worth $41,223,000 after purchasing an additional 3,000 shares during the period. Cerity Partners LLC boosted its holdings in shares of ASML by 22.6% in the third quarter. Cerity Partners LLC now owns 40,195 shares of the semiconductor company’s stock worth $33,492,000 after buying an additional 7,405 shares during the last quarter. Kingsview Wealth Management LLC grew its position in ASML by 29.5% during the third quarter. Kingsview Wealth Management LLC now owns 1,859 shares of the semiconductor company’s stock valued at $1,549,000 after buying an additional 423 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in ASML by 14.9% during the third quarter. Daiwa Securities Group Inc. now owns 6,553 shares of the semiconductor company’s stock valued at $5,460,000 after buying an additional 849 shares during the last quarter. 26.07% of the stock is owned by 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.