ASML (NASDAQ:ASML) Trading Up 0.3%

ASML Holding (NASDAQ:ASML)’s share price was up 0.3% during mid-day trading on Monday . The company traded as high as $1,087.38 and last traded at $1,078.20. Approximately 220,882 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 1,118,488 shares. The stock had previously closed at $1,074.48.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Evercore ISI assumed coverage on shares of ASML in a research report on Tuesday, April 16th. They issued an “outperform” rating on the stock. Wells Fargo & Company upped their price objective on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Finally, Sanford C. Bernstein decreased their price objective on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research report on Friday, April 12th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,043.00.

ASML Trading Up 3.7 %

The stock has a 50 day moving average of $987.73 and a 200-day moving average of $924.58. The company has a market capitalization of $433.63 billion, a P/E ratio of 54.96, a P/E/G ratio of 2.28 and a beta of 1.49. The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.54. ASML had a return on equity of 56.99% and a net margin of 27.23%. The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.73 billion. On average, research analysts predict that ASML Holding will post 20.12 EPS for the current year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th were given a dividend of $1.343 per share. The ex-dividend date was Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a dividend yield of 0.49%. ASML’s dividend payout ratio is currently 32.53%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ASML. Fisher Asset Management LLC boosted its position in ASML by 2.2% during the fourth quarter. Fisher Asset Management LLC now owns 4,977,359 shares of the semiconductor company’s stock valued at $3,767,464,000 after purchasing an additional 105,196 shares in the last quarter. Jennison Associates LLC boosted its holdings in ASML by 50.0% in the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after acquiring an additional 572,996 shares in the last quarter. GQG Partners LLC boosted its holdings in ASML by 21.6% in the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after acquiring an additional 294,784 shares in the last quarter. Sands Capital Management LLC boosted its holdings in ASML by 8.1% in the fourth quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock worth $1,224,002,000 after acquiring an additional 121,847 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in ASML by 2.7% in the fourth quarter. Clearbridge Investments LLC now owns 1,247,197 shares of the semiconductor company’s stock worth $944,028,000 after acquiring an additional 32,623 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

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.