ASML (NASDAQ:ASML) Stock Price Up 1.9%

ASML Holding (NASDAQ:ASML)’s stock price rose 1.9% on Thursday . The company traded as high as $878.00 and last traded at $868.64. Approximately 281,657 shares traded hands during trading, a decline of 77% from the average daily volume of 1,219,958 shares. The stock had previously closed at $852.84.

Wall Street Analysts Forecast Growth

ASML has been the subject of a number of research reports. Evercore ISI initiated coverage on shares of ASML in a research report on Tuesday, April 16th. They set an “outperform” rating for the company. Wells Fargo & Company increased their target price 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. Sanford C. Bernstein cut their target price on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Redburn Atlantic upgraded shares of ASML from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 20th. Finally, Raymond James raised their price objective on shares of ASML from $850.00 to $1,000.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 25th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,036.00.

ASML Trading Up 2.3 %

The company has a market cap of $344.21 billion, a P/E ratio of 44.36, a PEG ratio of 2.17 and a beta of 1.49. The stock’s 50 day moving average is $953.38 and its 200-day moving average is $811.61. The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th will be given a dividend of $1.343 per share. This represents a $5.37 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, April 26th. ASML’s payout ratio is currently 32.53%.

Institutional Investors Weigh In On ASML

Hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp increased its holdings in ASML by 34.6% in the 3rd quarter. Van ECK Associates Corp now owns 1,067,413 shares of the semiconductor company’s stock worth $628,344,000 after acquiring an additional 274,562 shares in the last quarter. International Assets Investment Management LLC increased its holdings in ASML by 48,040.7% in the 4th quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock worth $186,202,000 after acquiring an additional 245,488 shares in the last quarter. Wellington Management Group LLP increased its holdings in ASML by 35.6% in the 4th quarter. Wellington Management Group LLP now owns 776,768 shares of the semiconductor company’s stock worth $587,951,000 after acquiring an additional 203,860 shares in the last quarter. Kodai Capital Management LP purchased a new stake in ASML in the 4th quarter worth approximately $150,318,000. Finally, Barclays PLC increased its holdings in ASML by 106.5% in the 3rd quarter. Barclays PLC now owns 336,956 shares of the semiconductor company’s stock worth $198,353,000 after acquiring an additional 173,813 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

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.