ASML (NASDAQ:ASML) Trading Up 1.5%

Shares of ASML Holding (NASDAQ:ASML) rose 1.5% during trading on Wednesday . The company traded as high as $1,066.25 and last traded at $1,063.59. Approximately 298,627 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 1,124,503 shares. The stock had previously closed at $1,047.89.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ASML shares. Sanford C. Bernstein decreased 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 note on Friday, April 12th. Evercore ISI started coverage on ASML in a research report on Tuesday, April 16th. They set an “outperform” rating for the company. Finally, Wells Fargo & Company lifted their target price 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. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,043.00.

ASML Stock Up 2.2 %

The stock has a 50 day moving average price of $974.14 and a 200 day moving average price of $914.20. 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 $422.77 billion, a price-to-earnings ratio of 54.72, a price-to-earnings-growth ratio of 2.22 and a beta of 1.49.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, April 17th. The semiconductor company reported $3.38 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.54. ASML had a net margin of 27.23% and a return on equity of 56.99%. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.73 billion. As a group, analysts forecast that ASML Holding will post 20.12 EPS for the current year.

ASML Cuts Dividend

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

Institutional Trading of ASML

Several institutional investors and hedge funds have recently modified their holdings of ASML. American Capital Advisory LLC purchased a new stake in ASML in the 1st quarter valued at $26,000. WD Rutherford LLC purchased a new stake in shares of ASML in the first quarter valued at about $29,000. Beaird Harris Wealth Management LLC bought a new position in shares of ASML during the fourth quarter valued at about $34,000. Creative Financial Designs Inc. ADV lifted its position in shares of ASML by 48.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 15 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in ASML during the first quarter worth about $37,000. 26.07% of the stock is 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.