ASML (NASDAQ:ASML) Stock Price Up 1.6% – Here’s What Happened

ASML Holding N.V. (NASDAQ:ASML)’s share price traded up 1.6% on Tuesday . The company traded as high as $1,006.88 and last traded at $1,003.22. 1,170,886 shares were traded during trading, a decline of 30% from the average session volume of 1,675,679 shares. The stock had previously closed at $987.82.

Analyst Ratings Changes

Several research analysts have recently weighed in on ASML shares. Redburn Partners set a $1,200.00 price target on shares of ASML in a report on Friday, November 7th. Evercore ISI restated an “outperform” rating on shares of ASML in a research report on Thursday, October 16th. Hsbc Global Res raised ASML to a “strong-buy” rating in a report on Monday, October 6th. Wells Fargo & Company boosted their price objective on ASML from $1,105.00 to $1,140.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Finally, Morgan Stanley upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,076.33.

ASML Price Performance

The firm has a market cap of $394.55 billion, a P/E ratio of 40.83, a price-to-earnings-growth ratio of 1.76 and a beta of 1.88. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.70. The firm’s 50 day moving average is $1,002.61 and its 200 day moving average is $843.85.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping the consensus estimate of $6.27 by $0.14. The company had revenue of $8.80 billion for the quarter, compared to the consensus estimate of $8.99 billion. ASML had a return on equity of 47.74% and a net margin of 27.08%.The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.28 EPS. As a group, analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th were issued a $1.857 dividend. This represents a $7.43 annualized dividend and a yield of 0.7%. This is a boost from ASML’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend was Wednesday, October 29th. ASML’s dividend payout ratio is presently 25.76%.

Institutional Trading of ASML

Several institutional investors have recently added to or reduced their stakes in ASML. Trust Investment Advisors purchased a new stake in shares of ASML during the third quarter valued at $208,000. Manhattan West Asset Management LLC grew its stake in shares of ASML by 3.0% in the third quarter. Manhattan West Asset Management LLC now owns 8,017 shares of the semiconductor company’s stock worth $7,761,000 after acquiring an additional 232 shares during the period. Graybill Wealth Management LTD. raised its holdings in shares of ASML by 2.2% during the third quarter. Graybill Wealth Management LTD. now owns 5,223 shares of the semiconductor company’s stock valued at $5,056,000 after purchasing an additional 113 shares during the last quarter. Greenfield Seitz Capital Management LLC purchased a new position in shares of ASML during the third quarter valued at approximately $2,786,000. Finally, CIBC Private Wealth Group LLC lifted its position in ASML by 25.4% during the third quarter. CIBC Private Wealth Group LLC now owns 371,092 shares of the semiconductor company’s stock valued at $359,251,000 after purchasing an additional 75,245 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

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.