ASML (NASDAQ:ASML) Trading 3.8% Higher

Shares of ASML Holding (NASDAQ:ASML) were up 3.8% during trading on Wednesday . The stock traded as high as $878.39 and last traded at $875.11. Approximately 491,233 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 1,230,721 shares. The stock had previously closed at $843.01.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Sanford C. Bernstein cut their price objective on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a report on Friday, April 12th. Wells Fargo & Company upped their price objective on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Evercore ISI started coverage on shares of ASML in a research note on Tuesday, April 16th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. increased their price target on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Finally, Susquehanna lifted their price objective on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research report on Thursday, July 11th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and an average price target of $1,147.80.

ASML Trading Up 0.4 %

The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The company has a market cap of $333.82 billion, a P/E ratio of 43.18, a P/E/G ratio of 1.87 and a beta of 1.49. The business has a 50-day moving average price of $991.87 and a two-hundred day moving average price of $953.14.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.87 by $0.14. ASML had a net margin of 26.50% and a return on equity of 49.93%. The business had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. During the same period in the prior year, the business posted $5.37 earnings per share. ASML’s revenue was down 9.5% compared to the same quarter last year. On average, analysts predict that ASML Holding will post 20.3 EPS for the current year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th will be paid a $1.8732 dividend. This represents a $7.49 dividend on an annualized basis and a yield of 0.89%. This is a boost from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Monday, July 29th. ASML’s payout ratio is presently 28.50%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. American Capital Advisory LLC bought a new position in ASML during the 1st quarter worth about $26,000. WD Rutherford LLC acquired a new stake in ASML in the 1st quarter valued at approximately $29,000. Triad Wealth Partners LLC bought a new stake in ASML in the 2nd quarter valued at approximately $31,000. Beaird Harris Wealth Management LLC acquired a new position in ASML during the 4th quarter worth approximately $34,000. Finally, First Community Trust NA bought a new position in shares of ASML during the 2nd quarter worth approximately $34,000. 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.