ASML (NASDAQ:ASML) Trading Up 0.6%

ASML Holding (NASDAQ:ASML)’s stock price was up 0.6% during trading on Tuesday . The stock traded as high as $810.42 and last traded at $808.05. Approximately 190,808 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 1,254,268 shares. The stock had previously closed at $803.04.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ASML shares. JPMorgan Chase & Co. increased their price objective on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Wells Fargo & Company lifted their price target on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Finally, Susquehanna raised their price objective on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research report on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, ASML has a consensus rating of “Moderate Buy” and a consensus price target of $1,147.80.

ASML Trading Up 0.0 %

The company has a 50 day moving average of $892.70 and a two-hundred day moving average of $944.45. The stock has a market capitalization of $316.97 billion, a PE ratio of 41.27, a P/E/G ratio of 1.96 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.87 by $0.14. The business had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The company’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.37 earnings per share. Sell-side analysts predict that ASML Holding will post 20.38 EPS for the current year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were issued a $1.8732 dividend. The ex-dividend date was Monday, July 29th. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.93%. This is a boost from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio (DPR) is currently 28.50%.

Institutional Trading of ASML

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lazari Capital Management Inc. purchased a new position in shares of ASML in the second quarter worth about $497,000. Cim LLC raised its stake in shares of ASML by 2.7% during the 2nd quarter. Cim LLC now owns 2,403 shares of the semiconductor company’s stock valued at $2,458,000 after buying an additional 64 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in ASML in the 2nd quarter worth approximately $16,412,000. Clear Rock Advisors LLC grew its stake in shares of ASML by 30.2% during the 2nd quarter. Clear Rock Advisors LLC now owns 444 shares of the semiconductor company’s stock worth $454,000 after purchasing an additional 103 shares during the period. Finally, New Wave Wealth Advisors LLC purchased a new stake in ASML during the second quarter worth $252,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also 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.