ASML (NASDAQ:ASML) Shares Gap Up to $787.84

Shares of ASML Holding (NASDAQ:ASML) gapped up before the market opened on Thursday . The stock had previously closed at $787.84, but opened at $832.67. ASML shares last traded at $830.21, with a volume of 255,511 shares.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ASML. Susquehanna lifted their price objective on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. raised their target price on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Finally, Wells Fargo & Company boosted their price target on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Stock Up 6.0 %

The firm has a market cap of $329.58 billion, a PE ratio of 42.51, a P/E/G ratio of 1.96 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. The business has a fifty day moving average price of $881.39 and a two-hundred day moving average price of $942.06.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating the consensus estimate 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%. ASML’s revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $5.37 EPS. On average, analysts anticipate that ASML Holding will post 20.38 EPS for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a dividend of $1.8732 per share. This is an increase from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Monday, July 29th. ASML’s dividend payout ratio is currently 28.50%.

Hedge Funds Weigh In On ASML

Several large investors have recently made changes to their positions in ASML. Aveo Capital Partners LLC lifted its stake in ASML by 25.7% during the fourth quarter. Aveo Capital Partners LLC now owns 636 shares of the semiconductor company’s stock worth $481,000 after purchasing an additional 130 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of ASML by 16.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,168 shares of the semiconductor company’s stock worth $28,133,000 after buying an additional 5,297 shares during the period. Coldstream Capital Management Inc. boosted its stake in ASML by 46.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,361 shares of the semiconductor company’s stock valued at $1,030,000 after buying an additional 434 shares in the last quarter. D.A. Davidson & CO. grew its position in ASML by 1.1% in the fourth quarter. D.A. Davidson & CO. now owns 3,458 shares of the semiconductor company’s stock valued at $2,618,000 after acquiring an additional 36 shares during the period. Finally, CreativeOne Wealth LLC raised its stake in ASML by 17.8% during the fourth quarter. CreativeOne Wealth LLC now owns 570 shares of the semiconductor company’s stock worth $431,000 after acquiring an additional 86 shares in the last quarter. 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.