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. It also offers metrology and inspection systems, including YieldStar optical metrology solutions to measure the quality of patterns on the wafers; and HMI e-beam solutions to locate and analyze individual chip defects. In addition, the company provides computational lithography and software solutions to create applications that enhance the setup of the lithography system; and mature products and services that refurbish used lithography equipment and offers associated services. It operates in Japan, South Korea, Singapore, Taiwan, China, the Netherlands, Europe, the United States, and rest of Asia. The company was formerly known as ASM Lithography Holding N.V. and changed its name to ASML Holding N.V. in 2001. ASML Holding N.V. was founded in 1984 and is headquartered in Veldhoven, the Netherlands.
ASML Price Performance
NASDAQ:ASML traded down $11.15 during trading hours on Friday, reaching $577.31. 768,062 shares of the company's stock were exchanged, compared to its average volume of 1,181,234. The stock has a market cap of $236.57 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 1.77 and a beta of 1.30. ASML has a one year low of $412.67 and a one year high of $895.93. The firm has a fifty day moving average of $512.23 and a 200-day moving average of $583.33. The company has a current ratio of 1.36, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57.
ASML Cuts Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, August 5th will be given a $1.3991 dividend. The ex-dividend date of this dividend is Thursday, August 4th. This represents a yield of 1.2%. ASML's payout ratio is 13.69%.
Wall Street Analyst Weigh In
ASML has been the subject of several recent research reports. Wells Fargo & Company cut their price target on ASML from $750.00 to $600.00 and set an "overweight" rating for the company in a report on Friday, July 15th. Credit Suisse Group cut their price target on ASML from €960.00 ($989.69) to €920.00 ($948.45) and set an "outperform" rating for the company in a report on Thursday, July 21st. Argus began coverage on ASML in a report on Wednesday, June 29th. They issued a "buy" rating and a $590.00 target price for the company. JPMorgan Chase & Co. dropped their target price on ASML from $925.00 to $794.00 in a report on Thursday, July 21st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on ASML from €475.00 ($489.69) to €525.00 ($541.24) and gave the stock a "hold" rating in a report on Thursday, July 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, ASML has a consensus rating of "Moderate Buy" and an average price target of $747.91.