ASML (NASDAQ:ASML) Stock Price Up 0.3%

ASML Holding (NASDAQ:ASML)’s share price rose 0.3% on Monday . The company traded as high as $1,097.59 and last traded at $1,088.99. Approximately 366,855 shares traded hands during trading, a decline of 67% from the average daily volume of 1,114,709 shares. The stock had previously closed at $1,085.26.

Wall Street Analyst Weigh In

ASML has been the topic of a number of research analyst reports. Susquehanna increased 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 report on Thursday. Wells Fargo & Company increased their price objective on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research report on Monday, June 17th. Evercore ISI initiated coverage on shares of ASML in a research report on Tuesday, April 16th. They set an “outperform” rating on the stock. Finally, Sanford C. Bernstein lowered 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and a consensus price target of $1,083.00.

ASML Trading Down 1.7 %

The stock’s 50 day moving average price is $1,000.17 and its 200-day moving average price is $931.39. The company has a quick ratio of 0.88, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $420.74 billion, a PE ratio of 55.62, a PEG ratio of 2.29 and a beta of 1.49.

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, topping analysts’ consensus estimates of $2.84 by $0.54. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.73 billion. ASML had a net margin of 27.23% and a return on equity of 56.99%. On average, sell-side analysts expect that ASML Holding will post 20.12 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Monday, April 29th were paid a dividend of $1.343 per share. The ex-dividend date was Friday, April 26th. This represents a $5.37 annualized dividend and a yield of 0.50%. ASML’s payout ratio is 32.53%.

Hedge Funds Weigh In On ASML

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fisher Asset Management LLC grew its stake in shares of ASML by 2.2% in the 4th quarter. Fisher Asset Management LLC now owns 4,977,359 shares of the semiconductor company’s stock worth $3,767,464,000 after buying an additional 105,196 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of ASML by 50.0% in the 1st 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 during the last quarter. GQG Partners LLC lifted its holdings in shares of ASML by 21.6% in the 1st 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 during the last quarter. Sands Capital Management LLC lifted its holdings in shares of ASML by 8.1% in the 4th 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 during the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of ASML by 2.7% in the 4th 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 during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

About ASML

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.