Shares of ASML Holding N.V. (NASDAQ:ASML – Get Free Report) were up 2.1% on Friday . The stock traded as high as $1,761.31 and last traded at $1,740.99. Approximately 1,062,190 shares changed hands during trading, a decline of 44% from the average session volume of 1,888,373 shares. The stock had previously closed at $1,704.37.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on ASML shares. Susquehanna restated a “positive” rating on shares of ASML in a research note on Tuesday, June 30th. Sanford C. Bernstein lifted their target price on shares of ASML from $1,971.00 to $2,623.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Weiss Ratings raised shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. UBS Group restated a “buy” rating on shares of ASML in a research note on Wednesday, July 1st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a report on Thursday, June 11th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,970.33.
Read Our Latest Stock Report on ASML
ASML Price Performance
ASML (NASDAQ:ASML – Get Free Report) last posted its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share 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, research analysts predict 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. Investors of record on Tuesday, July 28th were issued a dividend of $2.1507 per share. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML’s dividend payout ratio is 22.62%.
Institutional Trading of ASML
Several institutional investors and hedge funds have recently bought and sold shares of ASML. Boston Common Asset Management LLC bought a new stake in shares of ASML in the 1st quarter worth approximately $4,355,000. Cambridge Investment Research Advisors Inc. raised its position in ASML by 3.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock worth $24,036,000 after purchasing an additional 760 shares during the period. Bingham Private Wealth LLC purchased a new position in ASML in the 4th quarter worth $1,444,000. Keudell Morrison Wealth Management bought a new stake in ASML in the fourth quarter worth $1,402,000. Finally, Keybank National Association OH lifted its stake in ASML by 21.3% in the fourth quarter. Keybank National Association OH now owns 65,354 shares of the semiconductor company’s stock worth $69,920,000 after purchasing an additional 11,459 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.
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.
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