ASML (NASDAQ:ASML) Trading Up 2.2%

ASML Holding (NASDAQ:ASML)’s share price shot up 2.2% on Thursday . The company traded as high as $1,074.30 and last traded at $1,071.41. 779,820 shares changed hands during trading, a decline of 23% from the average session volume of 1,018,812 shares. The stock had previously closed at $1,047.89.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ASML. Wells Fargo & Company upped their price objective 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. Sanford C. Bernstein reduced their price target on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Finally, Evercore ISI initiated coverage on ASML in a report on Tuesday, April 16th. They set an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,043.00.

ASML Trading Up 2.2 %

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 company has a 50-day moving average price of $974.14 and a 200-day moving average price of $914.20. The company has a market capitalization of $422.77 billion, a price-to-earnings ratio of 54.72, a P/E/G ratio of 2.22 and a beta of 1.49.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 EPS for the quarter, topping the consensus estimate of $2.84 by $0.54. ASML had a return on equity of 56.99% and a net margin of 27.23%. The company had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.73 billion. Research analysts predict that ASML Holding will post 20.12 EPS for the current fiscal year.

ASML Cuts Dividend

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

Institutional Investors Weigh In On ASML

Several hedge funds have recently made changes to their positions in the stock. First PREMIER Bank lifted its holdings in ASML by 4.2% during the 1st quarter. First PREMIER Bank now owns 273 shares of the semiconductor company’s stock valued at $265,000 after purchasing an additional 11 shares during the last quarter. Investment Partners LTD. boosted its holdings in shares of ASML by 1.2% in the 1st quarter. Investment Partners LTD. now owns 898 shares of the semiconductor company’s stock worth $871,000 after acquiring an additional 11 shares in the last quarter. Toth Financial Advisory Corp grew its position in ASML by 11.5% during the 4th quarter. Toth Financial Advisory Corp now owns 126 shares of the semiconductor company’s stock worth $95,000 after acquiring an additional 13 shares during the last quarter. Slow Capital Inc. increased its holdings in ASML by 0.3% during the 4th quarter. Slow Capital Inc. now owns 4,407 shares of the semiconductor company’s stock valued at $3,336,000 after purchasing an additional 13 shares in the last quarter. Finally, Miracle Mile Advisors LLC raised its position in ASML by 4.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 287 shares of the semiconductor company’s stock valued at $279,000 after purchasing an additional 13 shares during the last quarter. 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.