ASML (NASDAQ:ASML) Reaches New 1-Year High – What’s Next?

Shares of ASML Holding N.V. (NASDAQ:ASMLGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $1,504.11 and last traded at $1,482.4350, with a volume of 400098 shares. The stock had previously closed at $1,485.99.

Key ASML News

Here are the key news stories impacting ASML this week:

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ASML shares. Royal Bank Of Canada raised their price target on ASML from $1,550.00 to $1,625.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Citigroup reaffirmed a “buy” rating on shares of ASML in a report on Tuesday, January 20th. Cantor Fitzgerald reiterated an “overweight” rating on shares of ASML in a research report on Tuesday, December 16th. Rothschild & Co Redburn set a $1,200.00 price objective on ASML in a research report on Friday, November 7th. Finally, KGI Securities set a $1,415.00 target price on ASML and gave the company an “outperform” rating in a report on Thursday, January 15th. Three analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and a consensus price target of $1,475.00.

Check Out Our Latest Analysis on ASML

ASML Stock Performance

The company has a market cap of $586.84 billion, a PE ratio of 57.88, a P/E/G ratio of 1.67 and a beta of 1.89. The company has a quick ratio of 0.79, a current ratio of 1.26 and a debt-to-equity ratio of 0.14. The stock’s 50 day simple moving average is $1,287.15 and its two-hundred day simple moving average is $1,066.20.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Monday, April 27th will be given a dividend of $3.1771 per share. This is a boost from ASML’s previous quarterly dividend of $1.88. The ex-dividend date of this dividend is Monday, April 27th. This represents a $12.71 dividend on an annualized basis and a yield of 0.9%. ASML’s dividend payout ratio is currently 25.10%.

Institutional Investors Weigh In On ASML

Several large investors have recently made changes to their positions in ASML. Nolet Wealth Management LLC purchased a new stake in ASML during the 4th quarter worth $224,000. Investment Insight Wealth Management LLC purchased a new stake in shares of ASML in the fourth quarter worth about $750,000. Kera Capital Partners Inc. acquired a new stake in shares of ASML in the fourth quarter valued at about $190,000. Walser Wealth Management Company A Ltd Liability Co acquired a new stake in shares of ASML in the fourth quarter valued at about $906,000. Finally, Copos Capital S.a r.l. purchased a new stake in shares of ASML during the 4th quarter valued at about $1,065,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Company Profile

(Get Free Report)

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.

Further Reading

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