ASML Holding N.V. (NASDAQ:ASML – Get Free Report)’s share price rose 4.2% during mid-day trading on Tuesday . The company traded as high as $1,717.56 and last traded at $1,711.89. 1,521,000 shares changed hands during trading, a decline of 20% from the average session volume of 1,904,960 shares. The stock had previously closed at $1,642.52.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on ASML shares. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a report on Monday, June 1st. Weiss Ratings raised shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Susquehanna restated a “positive” rating on shares of ASML in a research note on Tuesday, June 30th. Sanford C. Bernstein boosted their target price on ASML from $1,971.00 to $2,623.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Finally, Freedom Capital raised ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,970.33.
Get Our Latest Stock Analysis on ASML
ASML Stock Performance
ASML (NASDAQ:ASML – Get Free Report) last released its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The business had revenue of $10.64 billion during the quarter. As a group, analysts anticipate that ASML Holding N.V. will post 44.68 earnings per share for the current year.
ASML Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were issued a $2.1507 dividend. The ex-dividend date was Tuesday, July 28th. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. ASML’s dividend payout ratio is currently 22.59%.
Institutional Investors Weigh In On ASML
Hedge funds have recently made changes to their positions in the business. Cornerstone Financial Management LLC bought a new stake in shares of ASML in the 4th quarter worth approximately $26,000. Binnacle Investments Inc boosted its stake in ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 15 shares during the period. Resources Management Corp CT ADV grew its stake in ASML by 1,150.0% during the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 23 shares in the last quarter. North Star Investment Management Corp. grew its position in shares of ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc bought a new position in ASML in the 4th quarter worth about $30,000. 26.07% of the stock is currently owned by institutional investors.
ASML Company Profile
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.
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