ASML (NASDAQ:ASML) Trading Up 2.1% – Here’s What Happened

ASML Holding N.V. (NASDAQ:ASMLGet Free Report)’s share price rose 2.1% during trading on Thursday . The company traded as high as $1,873.69 and last traded at $1,847.90. 1,233,043 shares traded hands during trading, a decline of 34% from the average session volume of 1,874,060 shares. The stock had previously closed at $1,810.07.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ASML. Weiss Ratings raised ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Citigroup restated a “buy” rating on shares of ASML in a report on Friday, July 17th. DZ Bank raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. lifted their target price on shares of ASML from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, UBS Group reiterated a “buy” rating on shares of ASML in a research report on Wednesday, July 1st. Four investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,970.33.

View Our Latest Research Report on ASML

ASML Stock Performance

The company has a 50 day moving average of $1,775.78 and a two-hundred day moving average of $1,561.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. The company has a market capitalization of $726.74 billion, a PE ratio of 57.50, a PEG ratio of 0.89 and a beta of 1.79.

ASML (NASDAQ:ASMLGet Free Report) last announced its quarterly earnings data 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, equities research analysts predict that ASML Holding N.V. will post 44.85 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were given 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 (DPR) is 22.62%.

Institutional Investors Weigh In On ASML

A number of hedge funds and other institutional investors have recently bought and sold shares of ASML. Capstone Wealth Management Group LLC increased its position in ASML by 5.2% during the 1st quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock valued at $1,664,000 after buying an additional 124 shares in the last quarter. AQR Capital Management LLC boosted its holdings in ASML by 141.1% in the first quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock worth $4,553,000 after acquiring an additional 4,021 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in ASML by 153.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock worth $11,404,000 after acquiring an additional 10,411 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of ASML by 1.3% in the second quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock worth $936,000 after acquiring an additional 15 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of ASML by 5.2% in the second quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company’s stock worth $9,122,000 after acquiring an additional 559 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

About ASML

(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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