ASML (NASDAQ:ASML) Trading Up 7.5%

ASML Holding (NASDAQ:ASML)’s share price was up 7.5% on Wednesday . The stock traded as high as $928.98 and last traded at $924.66. Approximately 876,945 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 1,188,863 shares. The stock had previously closed at $860.24.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ASML shares. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday. Susquehanna boosted their price target on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. boosted their price target on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Sanford C. Bernstein dropped their price target on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research note on Friday, April 12th. Finally, Evercore ISI started coverage on shares of ASML in a research note on Tuesday, April 16th. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,147.80.

ASML Trading Up 8.9 %

The stock has a market capitalization of $369.61 billion, a PE ratio of 47.84, a PEG ratio of 1.84 and a beta of 1.49. The business’s 50-day moving average is $1,001.22 and its two-hundred day moving average is $948.50. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.14. The firm had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $5.37 earnings per share. On average, analysts anticipate that ASML Holding will post 20.3 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th will be given a dividend of $1.8732 per share. This is a positive change from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Monday, July 29th. ASML’s dividend payout ratio is presently 28.75%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hilltop National Bank grew its position in ASML by 1.0% during the second quarter. Hilltop National Bank now owns 975 shares of the semiconductor company’s stock worth $997,000 after buying an additional 10 shares during the period. First PREMIER Bank grew its position in shares of ASML by 4.2% in the first quarter. First PREMIER Bank now owns 273 shares of the semiconductor company’s stock valued at $265,000 after purchasing an additional 11 shares during the last quarter. Investment Partners LTD. grew its position in shares of ASML by 1.2% in the first quarter. Investment Partners LTD. now owns 898 shares of the semiconductor company’s stock valued at $871,000 after purchasing an additional 11 shares during the last quarter. Valley National Advisers Inc. grew its position in shares of ASML by 1.1% in the second quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company’s stock valued at $1,159,000 after purchasing an additional 12 shares during the last quarter. Finally, Pure Financial Advisors LLC grew its position in shares of ASML by 2.8% in the second quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock valued at $454,000 after purchasing an additional 12 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.