ASML (NASDAQ:ASML) Stock Price Up 1.9%

ASML Holding (NASDAQ:ASML - Get Free Report)'s stock price was up 1.9% on Thursday . The stock traded as high as $878.00 and last traded at $868.64. Approximately 281,657 shares were traded 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 several research analyst reports. Raymond James raised their target price on ASML from $850.00 to $1,000.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 25th. Wells Fargo & Company raised their target price on ASML from $1,050.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Tuesday, April 2nd. Evercore ISI initiated coverage on ASML in a research report on Tuesday, April 16th. They set an "outperform" rating for the company. Redburn Atlantic raised ASML from a "sell" rating to a "neutral" rating in a research report on Tuesday, February 20th. Finally, Sanford C. Bernstein decreased their target price on 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. Four research 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 data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,036.00.

ASML Trading Up 2.0 %

The firm has a 50 day simple moving average of $951.75 and a 200 day simple moving average of $812.02. The firm has a market cap of $343.40 billion, a P/E ratio of 44.45, a P/E/G ratio of 2.17 and a beta of 1.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 1.54.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Monday, April 29th will be given a $1.343 dividend. The ex-dividend date is Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a yield of 0.62%. ASML's payout ratio is 32.53%.

Hedge Funds Weigh In On ASML

A number of large investors have recently bought and sold shares of ASML. Brookstone Capital Management increased its stake in ASML by 408.4% in the 3rd quarter. Brookstone Capital Management now owns 2,735 shares of the semiconductor company's stock worth $1,608,000 after purchasing an additional 2,197 shares during the period. Commonwealth Equity Services LLC increased its stake in ASML by 14.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 34,779 shares of the semiconductor company's stock worth $20,474,000 after purchasing an additional 4,396 shares during the period. Vicus Capital purchased a new position in ASML in the 3rd quarter worth approximately $211,000. Cambridge Investment Research Advisors Inc. increased its stake in ASML by 26.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 13,634 shares of the semiconductor company's stock worth $8,026,000 after purchasing an additional 2,833 shares during the period. Finally, Kingswood Wealth Advisors LLC increased its stake in ASML by 48.5% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 453 shares of the semiconductor company's stock worth $267,000 after purchasing an additional 148 shares during the period. 26.07% of the stock is owned by hedge funds and other 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.