ASML (NASDAQ:ASML) Trading 0.1% Higher

Shares of ASML Holding (NASDAQ:ASML) were up 0.1% during trading on Friday . The company traded as high as $1,082.10 and last traded at $1,072.06. Approximately 260,594 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 1,121,513 shares. The stock had previously closed at $1,071.41.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wells Fargo & Company upped their target price on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research report on Monday, June 17th. Sanford C. Bernstein decreased their price objective on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Finally, Evercore ISI assumed coverage on ASML in a research note on Tuesday, April 16th. They issued an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,043.00.

ASML Stock Performance

The firm has a market cap of $424.59 billion, a price-to-earnings ratio of 54.75, a price-to-earnings-growth ratio of 2.27 and a beta of 1.49. The stock’s 50 day moving average is $977.52 and its 200 day moving average is $915.29. The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.54. The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.73 billion. ASML had a return on equity of 56.99% and a net margin of 27.23%. Analysts anticipate that ASML Holding will post 20.12 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were paid a $1.343 dividend. This represents a $5.37 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Friday, April 26th. ASML’s dividend payout ratio (DPR) is 32.53%.

Hedge Funds Weigh In On ASML

A number of hedge funds have recently added to or reduced their stakes in the stock. American Capital Advisory LLC acquired a new position in shares of ASML during the 1st quarter worth $26,000. WD Rutherford LLC acquired a new stake in shares of ASML in the 1st quarter valued at approximately $29,000. Beaird Harris Wealth Management LLC bought a new position in ASML in the 4th quarter valued at approximately $34,000. Creative Financial Designs Inc. ADV boosted its position in ASML by 48.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 15 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of ASML during the first quarter worth $37,000. Institutional investors own 26.07% of the company’s stock.

ASML Company Profile

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.