ASML (NASDAQ:ASML) Shares Up 0% – Here’s What Happened

ASML Holding (NASDAQ:ASML)’s share price traded up 0% during trading on Monday . The stock traded as high as $678.43 and last traded at $674.87. 318,463 shares were traded during trading, a decline of 77% from the average session volume of 1,400,244 shares. The stock had previously closed at $674.73.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. reduced their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Sanford C. Bernstein reduced their price target on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Wells Fargo & Company reduced their price target on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Finally, Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Price Performance

The firm’s 50-day moving average is $793.52 and its 200-day moving average is $896.99. The company has a market cap of $265.44 billion, a PE ratio of 35.33, a PEG ratio of 1.94 and a beta of 1.51. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th will be paid a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Tuesday, October 29th. ASML’s dividend payout ratio is 29.21%.

Institutional Investors Weigh In On ASML

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASML. Fairway Wealth LLC purchased a new position in shares of ASML during the 3rd quarter valued at $25,000. Resources Management Corp CT ADV purchased a new stake in shares of ASML in the 2nd quarter worth approximately $26,000. Milestone Investment Advisors LLC bought a new position in shares of ASML during the 3rd quarter worth approximately $28,000. Triad Wealth Partners LLC bought a new position in shares of ASML during the 2nd quarter worth approximately $31,000. Finally, First Community Trust NA acquired a new position in ASML during the 2nd quarter valued at approximately $34,000. Hedge funds and other 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.