ASML (NASDAQ:ASML) Stock Price Up 1.4%

ASML Holding (NASDAQ:ASML) shot up 1.4% during mid-day trading on Tuesday . The company traded as high as $865.32 and last traded at $864.46. 337,123 shares were traded during trading, a decline of 73% from the average session volume of 1,230,681 shares. The stock had previously closed at $852.86.

Wall Street Analyst Weigh In

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

ASML Trading Up 2.8 %

The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The business has a 50 day moving average price of $978.54 and a 200-day moving average price of $953.79. The company has a market cap of $356.93 billion, a P/E ratio of 44.92, a PEG ratio of 1.87 and a beta of 1.49.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.14. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.37 earnings per share. Analysts forecast that ASML Holding will post 20.3 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were paid a $1.8732 dividend. This is a positive change from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, July 29th. This represents a $7.49 annualized dividend and a yield of 0.83%. ASML’s dividend payout ratio is currently 28.50%.

Institutional Investors Weigh In On ASML

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