ASML (NASDAQ:ASML) Trading 1.8% Higher

ASML Holding (NASDAQ:ASML)’s stock price rose 1.8% during trading on Monday . The stock traded as high as $906.93 and last traded at $903.87. Approximately 991,200 shares traded hands during trading, a decline of 19% from the average daily volume of 1,220,129 shares. The stock had previously closed at $887.71.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ASML shares. Wells Fargo & Company upped their target price on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. JPMorgan Chase & Co. increased their price objective on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Finally, Susquehanna raised their price target on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a report on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,147.80.

ASML Price Performance

The firm has a 50-day moving average price of $939.95 and a 200 day moving average price of $953.83. The stock has a market capitalization of $333.58 billion, a P/E ratio of 43.18, a price-to-earnings-growth ratio of 1.91 and a beta of 1.49. 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 issued its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The business’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period last year, the business earned $5.37 earnings per share. On average, analysts expect that ASML Holding will post 20.3 EPS for the current year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were paid a $1.8732 dividend. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Monday, July 29th. This is a positive change from ASML’s previous quarterly dividend of $1.34. ASML’s payout ratio is 28.55%.

Hedge Funds Weigh In On ASML

A number of large investors have recently bought and sold shares of the stock. American Capital Advisory LLC bought a new stake in ASML during the 1st quarter valued at $26,000. Resources Management Corp CT ADV purchased a new stake in shares of ASML during the second quarter worth about $26,000. WD Rutherford LLC bought a new stake in shares of ASML in the first quarter worth about $29,000. Triad Wealth Partners LLC purchased a new position in ASML during the 2nd quarter valued at about $31,000. Finally, Beaird Harris Wealth Management LLC bought a new position in ASML during the 4th quarter valued at approximately $34,000. 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.