ASML (NASDAQ:ASML) Shares Gap Down to $976.92

ASML Holding (NASDAQ:ASML)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $976.92, but opened at $942.81. ASML shares last traded at $911.44, with a volume of 1,102,558 shares.

Analysts Set New Price Targets

Several brokerages have recently commented on ASML. Wells Fargo & Company lifted 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. Redburn Atlantic raised shares of ASML from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 20th. Evercore ISI started coverage on shares of ASML in a report on Tuesday. They issued an “outperform” rating for the company. Susquehanna upped their price target on shares of ASML from $830.00 to $1,100.00 and gave the company a “positive” rating in a report on Friday, January 26th. Finally, Kepler Capital Markets upgraded shares of ASML from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, ASML has an average rating of “Moderate Buy” and a consensus target price of $1,036.00.

ASML Price Performance

The company’s fifty day moving average is $959.98 and its 200 day moving average is $791.79. The firm has a market cap of $350.80 billion, a price-to-earnings ratio of 41.33, a PEG ratio of 2.36 and a beta of 1.48. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.34.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. The firm had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.34 billion. ASML had a net margin of 28.44% and a return on equity of 68.32%. On average, equities research analysts predict that ASML Holding will post 20.4 EPS for the current year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Monday, April 29th will be given a dividend of $1.343 per share. This represents a $5.37 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Friday, April 26th. ASML’s dividend payout ratio is 24.59%.

Hedge Funds Weigh In On ASML

Hedge funds have recently bought and sold shares of the business. WD Rutherford LLC acquired a new stake in ASML during the first quarter worth about $29,000. Carmel Capital Partners LLC boosted its stake in shares of ASML by 200.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 45 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 30 shares in the last quarter. Beaird Harris Wealth Management LLC acquired a new stake in shares of ASML in the 4th quarter valued at approximately $34,000. Creative Financial Designs Inc. ADV boosted its stake in shares of ASML by 48.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 15 shares in the last quarter. Finally, Addison Advisors LLC boosted its stake in shares of ASML by 220.0% in the 3rd quarter. Addison Advisors LLC now owns 48 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 33 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

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.