ASML (NASDAQ:ASML) Shares Up 1% – What’s Next?

ASML Holding N.V. (NASDAQ:ASML)’s share price traded up 1% on Wednesday . The stock traded as high as $1,688.66 and last traded at $1,682.30. 852,130 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 1,808,617 shares. The stock had previously closed at $1,665.14.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. DZ Bank raised ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Argus set a $2,100.00 price objective on ASML in a report on Thursday, July 16th. Citigroup restated a “buy” rating on shares of ASML in a report on Friday, July 17th. Weiss Ratings upgraded ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Finally, Susquehanna reissued a “positive” rating on shares of ASML in a research 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 issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,970.33.

ASML Trading Up 1.0%

The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. The firm’s 50 day simple moving average is $1,758.02 and its two-hundred day simple moving average is $1,596.40. The stock has a market cap of $661.62 billion, a P/E ratio of 52.34, a price-to-earnings-growth ratio of 0.84 and a beta of 1.79.

ASML (NASDAQ:ASML) last issued its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The firm had revenue of $10.62 billion for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. As a group, equities research analysts predict that ASML Holding N.V. will post 44.99 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML’s payout ratio is 22.59%.

Institutional Trading of ASML

A number of hedge funds and other institutional investors have recently made changes to their positions in ASML. NBH Bank bought a new position in ASML during the 2nd quarter valued at $26,000. Field & Main Bank acquired a new position in shares of ASML in the 2nd quarter worth $30,000. Tsfg LLC acquired a new stake in shares of ASML during the second quarter worth $44,000. Cornerstone Financial Management LLC purchased a new stake in shares of ASML during the fourth quarter valued at $26,000. Finally, Portus Wealth Advisors LLC acquired a new position in shares of ASML in the 1st quarter valued at $32,000. 26.07% of the stock is currently owned by institutional investors.

About ASML

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.