ASML (NASDAQ:ASML) Stock Price Up 5.3% – What’s Next?

ASML Holding N.V. (NASDAQ:ASML) traded up 5.3% during trading on Tuesday . The stock traded as high as $1,322.41 and last traded at $1,320.83. 1,723,269 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 1,858,910 shares. The stock had previously closed at $1,253.96.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ASML. The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a research report on Wednesday, January 28th. Zacks Research cut ASML from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Bank of America raised their price target on ASML from $1,092.00 to $1,331.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research note on Wednesday, January 28th. Finally, UBS Group reiterated a “buy” rating on shares of ASML in a research report on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,482.50.

ASML Trading Up 5.3%

The company has a market cap of $519.46 billion, a P/E ratio of 51.16, a price-to-earnings-growth ratio of 1.26 and a beta of 1.88. The company has a current ratio of 1.26, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average of $1,396.85 and a 200 day moving average of $1,175.78.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Monday, April 27th will be issued a $3.1771 dividend. The ex-dividend date is Monday, April 27th. This is a positive change from ASML’s previous quarterly dividend of $1.88. This represents a $12.71 dividend on an annualized basis and a yield of 1.0%. ASML’s dividend payout ratio is 25.10%.

Hedge Funds Weigh In On ASML

Hedge funds have recently added to or reduced their stakes in the stock. Family Capital Management Inc. lifted its position in ASML by 0.8% in the 4th quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock valued at $983,000 after acquiring an additional 7 shares in the last quarter. 44 Wealth Management LLC boosted its position in shares of ASML by 1.1% in the fourth quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock worth $703,000 after purchasing an additional 7 shares during the period. Sky Investment Group LLC grew its position in shares of ASML by 2.1% during the fourth quarter. Sky Investment Group LLC now owns 384 shares of the semiconductor company’s stock worth $411,000 after purchasing an additional 8 shares in the last quarter. White Lighthouse Investment Management Inc. increased its holdings in ASML by 2.2% in the 4th quarter. White Lighthouse Investment Management Inc. now owns 365 shares of the semiconductor company’s stock valued at $390,000 after acquiring an additional 8 shares during the last quarter. Finally, Main Management ETF Advisors LLC increased its stake in ASML by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 783 shares of the semiconductor company’s stock worth $838,000 after acquiring an additional 8 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

About ASML

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.