Recently, several hedge funds changed their stakes in ASML. Hilltop National Bank increased its shares by 1% in Q2, now owning 975 shares worth $997,000 after buying 10 more shares. Investment Partners LTD raised its holdings by 1.2% in Q1, with a total of 898 shares valued at $871,000 after acquiring 11 shares. Valley National Advisers Inc. boosted its shares by 1.1% in Q2, owning 1,134 shares valued at $1,159,000 after adding 12 shares. Pure Financial Advisors LLC increased its position by 2.8% in Q2, now holding 444 shares worth $454,000 after purchasing 12 shares. First Pacific Financial also lifted its stake by 1.1% in Q2, owning 1,121 shares valued at $1,146,000 after buying 12 shares. Overall, institutional investors and hedge funds own 26.07% of ASML’s stock.
Analysts Update Price Targets
Analysts have recently reviewed ASML stock. UBS Group downgraded it to “neutral” on September 4th. Susquehanna cut its price target from $1,300 to $1,100, maintaining a “positive” rating on October 11th. Sanford C. Bernstein lowered their target from $1,052 to $815 with an “outperform” rating. JPMorgan Chase reduced its target from $1,207 to $1,148 while maintaining “overweight” status on October 17th. Morgan Stanley changed their rating from “overweight” to “equal weight” on September 20th. Currently, three analysts rate the stock as ‘hold,’ nine as ‘buy,’ and two as ‘strong buy.’ The consensus rating is “Moderate Buy,” with an average target price of $970.60.
Check Out Our Latest Stock Analysis on ASML
ASML Stock Performance
ASML stock opened at $714.10. It has a market cap of $281.78 billion and a P/E ratio of 36.47. The company’s quick ratio is 0.84 and its current ratio is 1.52. ASML’s 50-day moving average is $831.66, while its 200-day average is $913.99. The stock’s 52-week range is from $573.86 to $1,110.09.
Dividend Update
ASML announced a quarterly dividend of $1.407, payable on November 17th, to shareholders on record as of October 29th. This equates to an annual dividend of $5.63, resulting in a yield of 0.79%. The company’s dividend payout ratio is 28.50%.
About ASML
ASML Holding N.V. designs and manufactures advanced equipment systems for semiconductor production, including lithography and inspection systems, catering to various semiconductor technologies.
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