ASML (NASDAQ:ASML) Shares Up 1.9% – What’s Next?

ASML Holding N.V. (NASDAQ:ASML)’s share price traded up 1.9% during trading on Monday . The company traded as high as $1,722.33 and last traded at $1,711.32. Approximately 1,307,881 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 1,783,005 shares. The stock had previously closed at $1,679.92.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ASML shares. Bank of America boosted their price target on ASML from $2,268.00 to $2,345.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research report on Monday, June 1st. Barclays reiterated an “overweight” rating on shares of ASML in a research note on Thursday, July 16th. Morgan Stanley reissued an “overweight” rating on shares of ASML in a report on Tuesday, July 7th. Finally, Susquehanna restated a “positive” rating on shares of ASML in a research note on Tuesday, June 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,970.33.

ASML Price Performance

The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. The stock has a 50 day simple moving average of $1,720.54 and a 200-day simple moving average of $1,616.34. The firm has a market cap of $673.03 billion, a PE ratio of 53.25, a price-to-earnings-growth ratio of 0.85 and a beta of 1.79.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. The business had revenue of $10.62 billion for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. Equities analysts anticipate that ASML Holding N.V. will post 44.1 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were paid a dividend of $2.1507 per share. This represents a $8.60 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML’s dividend payout ratio (DPR) is 22.59%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASML. NBH Bank bought a new stake in shares of ASML during the second quarter valued at approximately $26,000. Field & Main Bank bought a new position in shares of ASML during the second quarter worth $30,000. Tsfg LLC bought a new position in shares of ASML during the second quarter worth $44,000. Cornerstone Financial Management LLC bought a new position in shares of ASML during the fourth quarter worth $26,000. Finally, Portus Wealth Advisors LLC purchased a new position in ASML during the first quarter valued at $32,000. 26.07% of the stock is currently owned by institutional investors.

ASML Company Profile

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment uses light to project intricate circuit patterns onto silicon wafers, an essential step in the production of chips for computers, smartphones, automobiles, data centers and other electronic devices.

The company’s product portfolio includes extreme ultraviolet (EUV) lithography systems, deep ultraviolet (DUV) lithography systems and advanced metrology and inspection technologies.