ASML (NASDAQ:ASML) Trading Up 0.2% – Still a Buy?

ASML Holding (NASDAQ:ASML) was up 0.2% on Monday . The stock traded as high as $688.99 and last traded at $687.86. Approximately 457,097 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 1,446,415 shares. The stock had previously closed at $686.61.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ASML shares. BNP Paribas began coverage on shares of ASML in a research note on Tuesday. They issued an “outperform” rating and a $858.00 price objective for the company. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Sanford C. Bernstein cut their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. Wells Fargo & Company decreased their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. cut their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and an average target price of $943.83.

ASML Trading Up 0.4 %

The business’s fifty day simple moving average is $728.44 and its two-hundred day simple moving average is $861.96. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The company has a market cap of $283.54 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 2.06 and a beta of 1.49.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The firm had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. On average, equities analysts predict that ASML Holding will post 20.68 EPS for the current year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were given a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a yield of 0.78%. The ex-dividend date was Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is 29.21%.

Hedge Funds Weigh In On ASML

Hedge funds have recently modified their holdings of the business. DekaBank Deutsche Girozentrale grew its position in ASML by 19.7% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 237 shares of the semiconductor company’s stock worth $228,000 after purchasing an additional 39 shares during the last quarter. Mather Group LLC. grew its stake in shares of ASML by 108.2% in the 2nd quarter. Mather Group LLC. now owns 404 shares of the semiconductor company’s stock valued at $392,000 after purchasing an additional 210 shares during the last quarter. CWM LLC increased its holdings in shares of ASML by 3.7% in the second quarter. CWM LLC now owns 1,939 shares of the semiconductor company’s stock valued at $1,983,000 after purchasing an additional 70 shares during the period. Linden Thomas Advisory Services LLC raised its stake in shares of ASML by 19.4% during the second quarter. Linden Thomas Advisory Services LLC now owns 283 shares of the semiconductor company’s stock worth $289,000 after purchasing an additional 46 shares during the last quarter. Finally, Lantz Financial LLC acquired a new stake in shares of ASML during the second quarter worth $216,000. 26.07% of the stock is currently owned by hedge funds and other 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.