ASML (NASDAQ:ASML) Trading 0.4% Higher

Shares of ASML Holding (NASDAQ:ASML) were up 0.4% on Tuesday . The stock traded as high as $893.94 and last traded at $873.91. Approximately 454,721 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 1,182,351 shares. The stock had previously closed at $870.55.

Analysts Set New Price Targets

ASML has been the subject of several recent research reports. Evercore ISI assumed coverage on shares of ASML in a report on Tuesday, April 16th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. upped their price objective on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Susquehanna raised their target price on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday. Finally, Sanford C. Bernstein reduced their price objective on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and a consensus price target of $1,147.80.

ASML Stock Down 0.3 %

The business has a 50-day simple moving average of $1,002.52 and a 200-day simple moving average of $947.47. The company has a market cap of $342.36 billion, a PE ratio of 44.63, a P/E/G ratio of 1.88 and a beta of 1.49. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. ASML had a net margin of 26.50% and a return on equity of 49.93%. The business had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same period last year, the business earned $5.37 earnings per share. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. Equities research analysts anticipate that ASML Holding will post 20.3 EPS for the current year.

ASML Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Monday, July 29th will be paid a dividend of $1.8732 per share. This represents a $7.49 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Monday, July 29th. This is an increase from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio (DPR) is currently 28.75%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Jennison Associates LLC raised its holdings in shares of ASML by 50.0% in the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after acquiring an additional 572,996 shares during the last quarter. Fayez Sarofim & Co purchased a new position in shares of ASML during the first quarter valued at approximately $542,710,000. GQG Partners LLC boosted its position in ASML by 21.6% during the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after acquiring an additional 294,784 shares during the last quarter. International Assets Investment Management LLC raised its holdings in ASML by 48,040.7% in the fourth quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock valued at $186,202,000 after buying an additional 245,488 shares during the period. Finally, 1832 Asset Management L.P. lifted its position in ASML by 11,084.1% during the first quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock valued at $238,784,000 after buying an additional 243,850 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

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.