ASML (NASDAQ:ASML) Trading Up 1.4%

ASML Holding (NASDAQ:ASML)’s stock price was up 1.4% during trading on Tuesday . The stock traded as high as $865.32 and last traded at $864.46. Approximately 337,123 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 1,230,681 shares. The stock had previously closed at $852.86.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ASML. JPMorgan Chase & Co. upped their price target on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Evercore ISI initiated coverage on shares of ASML in a research note on Tuesday, April 16th. They issued an “outperform” rating for the company. Susquehanna boosted their price target on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. Finally, Wells Fargo & Company raised their price objective 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. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,147.80.

ASML Trading Up 2.0 %

The firm has a market cap of $343.21 billion, a price-to-earnings ratio of 44.33, a PEG ratio of 1.87 and a beta of 1.49. The business has a fifty day moving average of $983.40 and a two-hundred day moving average of $954.30. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52.

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

ASML Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were paid a $1.8732 dividend. The ex-dividend date of this dividend was Monday, July 29th. This represents a $7.49 dividend on an annualized basis and a yield of 0.86%. This is a positive change from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio is presently 28.50%.

Hedge Funds Weigh In On ASML

Hedge funds have recently bought and sold shares of the stock. Hilltop National Bank increased its position in ASML by 1.0% during the 2nd quarter. Hilltop National Bank now owns 975 shares of the semiconductor company’s stock worth $997,000 after purchasing an additional 10 shares in the last quarter. First PREMIER Bank raised its position in shares of ASML by 4.2% in the first quarter. First PREMIER Bank now owns 273 shares of the semiconductor company’s stock valued at $265,000 after buying an additional 11 shares during the last quarter. Investment Partners LTD. raised its position in shares of ASML by 1.2% in the first quarter. Investment Partners LTD. now owns 898 shares of the semiconductor company’s stock valued at $871,000 after buying an additional 11 shares during the last quarter. Valley National Advisers Inc. lifted its stake in shares of ASML by 1.1% during the second quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company’s stock valued at $1,159,000 after buying an additional 12 shares during the period. Finally, Pure Financial Advisors LLC boosted its position in ASML by 2.8% during the second quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock worth $454,000 after acquiring an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

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.