ASML (NASDAQ:ASML) Stock Price Up 0.3%

ASML Holding (NASDAQ:ASML) shares were up 0.3% during trading on Tuesday . The company traded as high as $1,077.05 and last traded at $1,066.53. Approximately 477,143 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 1,117,000 shares. The stock had previously closed at $1,063.63.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Susquehanna upped their target price on shares of ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a report on Thursday, July 11th. Sanford C. Bernstein dropped their price objective on 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 note on Tuesday, April 16th. They set an “outperform” rating for the company. Finally, Wells Fargo & Company boosted their target price on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Three equities research 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,083.00.

ASML Price Performance

The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $422.02 billion, a P/E ratio of 54.52, a P/E/G ratio of 2.29 and a beta of 1.49. The company has a 50 day moving average of $1,003.10 and a 200-day moving average of $933.54.

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

ASML Cuts Dividend

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

Institutional Trading of ASML

Institutional investors and hedge funds have recently made changes to their positions in the company. American Capital Advisory LLC bought a new position in ASML in the first quarter valued at about $26,000. WD Rutherford LLC acquired a new position in ASML during the 1st quarter worth approximately $29,000. Beaird Harris Wealth Management LLC acquired a new stake in ASML in the fourth quarter valued at approximately $34,000. First Community Trust NA bought a new stake in shares of ASML during the second quarter worth $34,000. Finally, Creative Financial Designs Inc. ADV increased its holdings 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 worth $35,000 after buying an additional 15 shares in 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.