ASML Holding (NASDAQ:ASML – Get Rating) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,140,000 shares, an increase of 6.5% from the February 28th total of 1,070,000 shares. Based on an average daily trading volume, of 1,010,000 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.3% of the company’s stock are sold short.
Wall Street Analysts Forecast Growth
ASML has been the subject of a number of recent research reports. StockNews.com assumed coverage on shares of ASML in a research report on Thursday, March 16th. They set a “buy” rating for the company. Argus upped their price objective on ASML from $590.00 to $775.00 and gave the company a “buy” rating in a report on Thursday, January 26th. Sanford C. Bernstein began coverage on shares of ASML in a research report on Wednesday, January 18th. They set an “outperform” rating for the company. JPMorgan Chase & Co. boosted their price objective on ASML from $710.00 to $752.00 and gave the company an “overweight” rating in a report on Thursday, January 26th. Finally, Barclays started coverage on shares of ASML in a research report on Tuesday, January 17th. They issued an “equal weight” rating for the company. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $688.92.
ASML Stock Up 0.6 %
ASML opened at $680.71 on Monday. The stock has a market cap of $268.60 billion, a P/E ratio of 41.56, a P/E/G ratio of 1.10 and a beta of 1.46. The stock’s 50 day moving average price is $647.62 and its 200 day moving average price is $571.63. ASML has a 12 month low of $363.15 and a 12 month high of $714.62. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.28 and a quick ratio of 0.88.
ASML Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 10th. Stockholders of record on Tuesday, May 2nd will be issued a dividend of $1.267 per share. This represents a $5.07 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Monday, May 1st. ASML’s dividend payout ratio is 30.53%.
Hedge Funds Weigh In On ASML
A number of institutional investors have recently bought and sold shares of the stock. Yousif Capital Management LLC raised its holdings in shares of ASML by 2.3% during the third quarter. Yousif Capital Management LLC now owns 6,794 shares of the semiconductor company’s stock valued at $2,822,000 after acquiring an additional 150 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of ASML in the third quarter worth $27,000. Bowie Capital Management LLC grew its holdings in shares of ASML by 23.4% during the third quarter. Bowie Capital Management LLC now owns 27,284 shares of the semiconductor company’s stock valued at $11,332,000 after buying an additional 5,172 shares in the last quarter. Wealthspire Advisors LLC acquired a new position in ASML during the third quarter valued at $224,000. Finally, HighTower Trust Company N.A. increased its holdings in shares of ASML by 56.8% in the 3rd quarter. HighTower Trust Company N.A. now owns 12,767 shares of the semiconductor company’s stock valued at $5,303,000 after purchasing an additional 4,627 shares during the period. Hedge funds and other institutional investors own 18.61% of the company’s stock.
ASML Company Profile
ASML Holding NV engages in the development, production, marketing, sales, upgrading and servicing of advanced semiconductor equipment systems. It includes lithography, metrology and inspection systems. It operates through the following geographical segments: Japan, South Korea, Singapore, Taiwan, Chine, Rest of Asia, Netherlands, Europe, the Middle East and Africa (EMEA), and United States.
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