Shares of ASML Holding N.V. (NASDAQ:ASML – Get Free Report) traded up 4.2% during trading on Friday . The stock traded as high as $1,721.66 and last traded at $1,714.88. 1,247,561 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 1,803,263 shares. The stock had previously closed at $1,646.19.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on ASML. Morgan Stanley restated an “overweight” rating on shares of ASML in a research report on Tuesday, July 7th. DZ Bank raised ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a report on Thursday, June 11th. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a research report on Monday, June 1st. Finally, Royal Bank Of Canada lifted their price objective on ASML from $1,700.00 to $2,000.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,970.33.
Get Our Latest Stock Report on ASML
ASML Price Performance
ASML (NASDAQ:ASML – Get Free Report) last posted its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The business had revenue of $10.62 billion for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. As a group, research analysts anticipate that ASML Holding N.V. will post 44.99 earnings per share for the current year.
ASML Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were issued a dividend of $2.1507 per share. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, July 28th. ASML’s dividend payout ratio is presently 22.62%.
Institutional Investors Weigh In On ASML
Institutional investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust grew its stake in shares of ASML by 2.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 364 shares of the semiconductor company’s stock valued at $724,000 after buying an additional 7 shares during the period. Second Line Capital LLC acquired a new position in ASML in the second quarter valued at $239,000. Range Advisory LLC grew its position in ASML by 80.8% during the second quarter. Range Advisory LLC now owns 414 shares of the semiconductor company’s stock valued at $824,000 after acquiring an additional 185 shares during the period. Corient Private Wealth LP increased its stake in ASML by 8.5% during the second quarter. Corient Private Wealth LP now owns 218,728 shares of the semiconductor company’s stock worth $435,147,000 after acquiring an additional 17,214 shares during the last quarter. Finally, Amundi increased its stake in ASML by 498.0% during the second quarter. Amundi now owns 156,791 shares of the semiconductor company’s stock worth $311,926,000 after acquiring an additional 130,573 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other 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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