ASML Holding (NASDAQ:ASML) Short Interest Up 8.7% in November
ASML Holding (NASDAQ:ASML – Get Free Report) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,870,000 shares, an increase of 8.7% from the October 31st total of 1,720,000 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 1,030,000 shares, the short-interest ratio is presently 1.8 days.
ASML Stock Up 1.2 %
Shares of ASML stock opened at $692.20 on Friday. The firm’s 50 day moving average price is $625.52 and its 200-day moving average price is $665.85. The company has a quick ratio of 0.81, a current ratio of 1.33 and a debt-to-equity ratio of 0.38. ASML has a 52-week low of $529.01 and a 52-week high of $771.98. The company has a market cap of $273.14 billion, a P/E ratio of 33.59, a PEG ratio of 1.31 and a beta of 1.46.
ASML (NASDAQ:ASML – Get Free Report) last issued its quarterly earnings data on Wednesday, October 18th. The semiconductor company reported $5.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.00 by $0.23. The firm had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.49 billion. ASML had a net margin of 28.44% and a return on equity of 73.29%. On average, sell-side analysts predict that ASML will post 20.75 EPS for the current fiscal year.
ASML Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Thursday, November 2nd were given a dividend of $1.5337 per share. This represents a $6.13 annualized dividend and a yield of 0.89%. The ex-dividend date was Wednesday, November 1st. ASML’s dividend payout ratio is presently 25.23%.
Institutional Trading of ASML
Several large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its holdings in ASML by 364.6% during the first quarter. Envestnet Asset Management Inc. now owns 1,270,364 shares of the semiconductor company’s stock worth $195,650,000 after buying an additional 996,949 shares in the last quarter. Moneta Group Investment Advisors LLC purchased a new stake in ASML during the fourth quarter worth $307,620,000. 1832 Asset Management L.P. boosted its holdings in ASML by 31,845.9% during the fourth quarter. 1832 Asset Management L.P. now owns 340,543 shares of the semiconductor company’s stock worth $186,073,000 after buying an additional 339,477 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in ASML by 2,536.7% during the first quarter. Renaissance Technologies LLC now owns 288,507 shares of the semiconductor company’s stock worth $196,339,000 after buying an additional 277,565 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in ASML by 34.6% during the third quarter. Van ECK Associates Corp now owns 1,067,413 shares of the semiconductor company’s stock worth $628,344,000 after buying an additional 274,562 shares in the last quarter. 18.94% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on ASML shares. Raymond James started coverage on shares of ASML in a research note on Tuesday, October 17th. They issued a “strong-buy” rating and a $725.00 price objective for the company. Susquehanna cut their target price on shares of ASML from $850.00 to $810.00 and set a “positive” rating for the company in a research note on Thursday, October 12th. StockNews.com initiated coverage on shares of ASML in a research note on Thursday, October 5th. They set a “hold” rating for the company. JPMorgan Chase & Co. raised their target price on shares of ASML from $726.00 to $878.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Wolfe Research initiated coverage on shares of ASML in a research note on Thursday, September 14th. They set an “outperform” rating for the company. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $795.50.
ASML Company Profile (Get Free Report)
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection 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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider ASML, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and ASML wasn’t on the list.
While ASML currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Wondering when you’ll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Original: MarketBeat News Feed: ASML Holding (NASDAQ:ASML) Short Interest Up 8.7% in November