ASML (NASDAQ:ASML) Trading Up 4.3%

ASML Holding (NASDAQ:ASML)’s share price traded up 4.3% on Thursday . The company traded as high as $862.00 and last traded at $853.29. 601,512 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 1,258,203 shares. The stock had previously closed at $818.18.

Analyst Upgrades and Downgrades

ASML has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price objective on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Wells Fargo & Company raised their price objective on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research report on Monday, June 17th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Finally, Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,147.80.

ASML Trading Up 3.8 %

The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $334.21 billion, a P/E ratio of 43.58, a PEG ratio of 1.97 and a beta of 1.49. The business’s 50 day moving average is $858.34 and its two-hundred day moving average is $935.40.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.14. ASML had a net margin of 26.50% and a return on equity of 49.93%. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. During the same quarter in the previous year, the business posted $5.37 earnings per share. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. Analysts expect that ASML Holding will post 20.38 EPS 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 $1.8732 dividend. This represents a $7.49 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Monday, July 29th. This is an increase from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio is 28.55%.

Institutional Trading of ASML

Hedge funds and other institutional investors have recently modified their holdings of the business. American Capital Advisory LLC acquired a new position in ASML in the 1st quarter valued at approximately $26,000. Resources Management Corp CT ADV purchased a new stake in shares of ASML during the second quarter worth $26,000. WD Rutherford LLC acquired a new position in ASML in the 1st quarter worth about $29,000. Triad Wealth Partners LLC purchased a new stake in shares of ASML during the 2nd quarter worth about $31,000. Finally, Beaird Harris Wealth Management LLC acquired a new stake in shares of ASML during the 4th quarter valued at about $34,000. Institutional investors and hedge funds 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.