ASML (NASDAQ:ASML) Shares Gap Down to $593.16

ASML Holding (NASDAQ:ASMLGet Rating)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $593.16, but opened at $572.62. ASML shares last traded at $577.41, with a volume of 2,795 shares trading hands.

Analyst Ratings Changes

A number of research firms recently issued reports on ASML. Susquehanna Bancshares upgraded ASML to a “positive” rating and lifted their target price for the company from $510.00 to $850.00 in a report on Monday, November 14th. Wells Fargo & Company lifted their target price on ASML from $510.00 to $665.00 and gave the company an “overweight” rating in a report on Monday, November 14th. Societe Generale raised their price target on ASML from €520.00 ($530.61) to €680.00 ($693.88) in a research note on Tuesday. New Street Research upgraded ASML from a “neutral” rating to a “buy” rating in a research note on Friday, October 21st. Finally, Deutsche Bank Aktiengesellschaft upgraded ASML from a “hold” rating to a “buy” rating in a research note on Wednesday, October 19th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $696.46.

ASML Price Performance

The stock has a 50-day moving average price of $472.80 and a 200 day moving average price of $503.11. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 0.82. The firm has a market cap of $244.31 billion, a price-to-earnings ratio of 35.72, a PEG ratio of 1.76 and a beta of 1.36.

ASML Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Friday, November 4th were given a $1.1393 dividend. This represents a $4.56 annualized dividend and a yield of 0.76%. The ex-dividend date was Thursday, November 3rd. ASML’s dividend payout ratio (DPR) is presently 27.32%.

Hedge Funds Weigh In On ASML

Several institutional investors have recently added to or reduced their stakes in ASML. Edgewood Management LLC acquired a new position in ASML in the 1st quarter valued at about $1,577,216,000. Jennison Associates LLC increased its position in ASML by 447.5% in the 2nd quarter. Jennison Associates LLC now owns 708,909 shares of the semiconductor company’s stock valued at $337,356,000 after acquiring an additional 579,419 shares during the period. Renaissance Technologies LLC increased its position in ASML by 311.4% in the 3rd quarter. Renaissance Technologies LLC now owns 612,681 shares of the semiconductor company’s stock valued at $255,683,000 after acquiring an additional 463,749 shares during the period. Aaron Wealth Advisors LLC increased its position in ASML by 90,201.1% in the 1st quarter. Aaron Wealth Advisors LLC now owns 323,278 shares of the semiconductor company’s stock valued at $484,000 after acquiring an additional 322,920 shares during the period. Finally, Winslow Capital Management LLC increased its position in ASML by 50.7% in the 1st quarter. Winslow Capital Management LLC now owns 802,586 shares of the semiconductor company’s stock valued at $536,072,000 after acquiring an additional 270,023 shares during the period. Institutional investors and hedge funds own 19.04% of the company’s stock.

ASML Company Profile

(Get Rating)

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection related systems for memory and logic chipmakers. The company 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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