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.
Analyst Ratings Changes
Several equities analysts have commented on ASML shares. JPMorgan Chase & Co. dropped their target price on ASML from $925.00 to $794.00 in a research report on Thursday, July 21st. Argus initiated coverage on ASML in a research report on Wednesday, June 29th. They issued a "buy" rating and a $590.00 target price for the company. Credit Suisse Group lowered their price objective on ASML from €960.00 ($979.59) to €920.00 ($938.78) and set an "outperform" rating for the company in a research report on Thursday, July 21st. Societe Generale lowered their price objective on ASML from €800.00 ($816.33) to €710.00 ($724.49) and set a "buy" rating for the company in a research report on Monday, April 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on ASML from €475.00 ($484.69) to €525.00 ($535.71) and gave the stock a "hold" rating in a research report on Thursday, July 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, ASML presently has an average rating of "Moderate Buy" and an average target price of $747.91.
ASML Trading Down 1.4 %
NASDAQ:ASML opened at $566.68 on Wednesday. The business has a 50 day simple moving average of $511.11 and a 200 day simple moving average of $577.55. ASML has a one year low of $412.67 and a one year high of $895.93. The stock has a market capitalization of $232.21 billion, a P/E ratio of 32.59, a P/E/G ratio of 1.76 and a beta of 1.30. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.36 and a quick ratio of 0.92.
ASML Cuts Dividend
The firm also recently announced a semi-annual dividend, which was paid on Friday, August 12th. Investors of record on Friday, August 5th were paid a dividend of $1.3991 per share. The ex-dividend date was Thursday, August 4th. This represents a yield of 1.2%. ASML's dividend payout ratio is currently 13.63%.