ASML (NASDAQ:ASML) Stock Price Up 3.6% – What’s Next?

ASML Holding N.V. (NASDAQ:ASML) shares rose 3.6% on Tuesday . The company traded as high as $1,823.88 and last traded at $1,801.51. 1,673,966 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 1,902,650 shares. The stock had previously closed at $1,739.02.

Analysts Set New Price Targets

ASML has been the subject of several research analyst reports. Berenberg Bank reiterated a “buy” rating on shares of ASML in a report on Friday, May 8th. Bank of America raised their price objective on shares of ASML from $2,268.00 to $2,345.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Wells Fargo & Company boosted their price objective on shares of ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, June 11th. Finally, Susquehanna reiterated a “positive” rating on shares of ASML in a report on Tuesday, June 30th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and an average price target of $1,970.33.

ASML Stock Up 0.0%

The company has a market capitalization of $708.64 billion, a P/E ratio of 56.06, a PEG ratio of 0.94 and a beta of 1.78. The firm’s 50 day moving average price is $1,745.47 and its two-hundred day moving average price is $1,518.48. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The company had revenue of $10.64 billion for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. Equities research analysts forecast that ASML Holding N.V. will post 42.68 EPS for the current year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th will be paid a $2.1507 dividend. This represents a $8.60 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, July 28th. ASML’s payout ratio is presently 33.51%.

Hedge Funds Weigh In On ASML

A number of large investors have recently modified their holdings of ASML. Cornerstone Financial Management LLC bought a new stake in ASML during the fourth quarter worth about $26,000. Binnacle Investments Inc grew its stake in ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 15 shares in the last quarter. Resources Management Corp CT ADV grew its stake in ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 23 shares in the last quarter. North Star Investment Management Corp. increased 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 worth $29,000 after purchasing an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc acquired a new position in shares of ASML during the 4th quarter worth approximately $30,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.