ASML (NASDAQ:ASML) Trading 0.9% Higher

ASML Holding (NASDAQ:ASML)’s stock price was up 0.9% on Friday . The company traded as high as $922.13 and last traded at $915.85. Approximately 343,005 shares traded hands during trading, a decline of 72% from the average daily volume of 1,221,617 shares. The stock had previously closed at $907.71.

Analysts Set New Price Targets

ASML has been the topic of several research reports. Wells Fargo & Company increased 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 note on Monday, June 17th. Susquehanna raised their price target on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. raised their target price on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,147.80.

ASML Stock Down 0.2 %

The company has a market cap of $357.54 billion, a price-to-earnings ratio of 46.77, a price-to-earnings-growth ratio of 1.87 and a beta of 1.49. The stock has a 50-day simple moving average of $964.08 and a 200-day simple moving average of $955.20. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.14. The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.37 earnings per share. As a group, analysts predict that ASML Holding will post 20.3 EPS for the current year.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were paid a dividend of $1.8732 per share. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Monday, July 29th. This is a positive change from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio (DPR) is currently 28.50%.

Institutional Trading of ASML

Hedge funds and other institutional investors have recently modified their holdings of the company. American Capital Advisory LLC acquired a new stake in ASML during the first quarter valued at approximately $26,000. Resources Management Corp CT ADV bought a new stake in shares of ASML during the 2nd quarter worth $26,000. WD Rutherford LLC acquired a new position in shares of ASML in the 1st quarter worth $29,000. Triad Wealth Partners LLC acquired a new stake in shares of ASML during the second quarter worth $31,000. Finally, Beaird Harris Wealth Management LLC purchased a new stake in shares of ASML during the fourth quarter valued at $34,000. 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.