ASML (NASDAQ:ASML) Trading Up 0.4%

ASML Holding (NASDAQ:ASML) shares rose 0.4% on Monday . The stock traded as high as $764.28 and last traded at $755.87. Approximately 451,684 shares changed hands during trading, a decline of 64% from the average daily volume of 1,240,542 shares. The stock had previously closed at $752.79.

Analyst Ratings Changes

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

ASML Price Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. The business has a 50 day simple moving average of $914.20 and a 200-day simple moving average of $948.40. The firm has a market cap of $315.73 billion, a price-to-earnings ratio of 38.92, a P/E/G ratio of 1.59 and a beta of 1.49.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the previous year, the firm earned $5.37 earnings per share. ASML’s quarterly revenue was down 9.5% on a year-over-year basis. Equities research analysts expect that ASML Holding will post 20.37 earnings per share for the current year.

ASML Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were given a dividend of $1.8732 per share. This is a positive change from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Monday, July 29th. ASML’s dividend payout ratio (DPR) is presently 28.50%.

Hedge Funds Weigh In On ASML

Hedge funds and other institutional investors have recently modified their holdings of the business. Aveo Capital Partners LLC grew its stake in ASML by 25.7% in the 4th quarter. Aveo Capital Partners LLC now owns 636 shares of the semiconductor company’s stock valued at $481,000 after purchasing an additional 130 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of ASML by 16.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,168 shares of the semiconductor company’s stock worth $28,133,000 after buying an additional 5,297 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its position in ASML by 17.8% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,111 shares of the semiconductor company’s stock valued at $841,000 after buying an additional 168 shares during the period. McKinley Carter Wealth Services Inc. purchased a new stake in ASML during the fourth quarter worth about $211,000. Finally, Avantax Advisory Services Inc. raised its position in ASML by 4.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 4,722 shares of the semiconductor company’s stock worth $3,574,000 after acquiring an additional 221 shares during the period. Hedge funds and other institutional investors 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.