ASML (NASDAQ:ASML) Shares Up 0.1% After Analyst Upgrade

Shares of ASML Holding (NASDAQ:ASML) shot up 0.1% during mid-day trading on Tuesday after Wells Fargo & Company raised their price target on the stock from $1,150.00 to $1,185.00. Wells Fargo & Company currently has an overweight rating on the stock. ASML traded as high as $1,059.37 and last traded at $1,053.76. 348,665 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 1,138,108 shares. The stock had previously closed at $1,052.47.

Other research analysts have also issued research reports about 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 research report on Friday, April 12th. Evercore ISI assumed coverage on ASML in a report on Tuesday, April 16th. They issued an “outperform” rating on the stock. Redburn Atlantic raised ASML from a “sell” rating to a “neutral” rating in a report on Tuesday, February 20th. Finally, HSBC assumed coverage on ASML in a report on Thursday, February 22nd. They issued a “buy” rating on the stock. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,043.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale grew its position in ASML by 19.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 237 shares of the semiconductor company’s stock worth $228,000 after acquiring an additional 39 shares in the last quarter. Pathway Financial Advisers LLC purchased a new position in ASML in the first quarter worth about $76,000. Cetera Advisors LLC grew its position in ASML by 78.5% in the first quarter. Cetera Advisors LLC now owns 9,452 shares of the semiconductor company’s stock worth $9,173,000 after acquiring an additional 4,156 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of ASML by 169.4% during the first quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock valued at $22,661,000 after buying an additional 14,682 shares during the period. Finally, Sanibel Captiva Trust Company Inc. boosted its position in shares of ASML by 9.9% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 777 shares of the semiconductor company’s stock valued at $754,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Up 0.8 %

The company has a 50-day simple moving average of $949.90 and a 200-day simple moving average of $890.72. The firm has a market cap of $418.81 billion, a PE ratio of 54.21, a price-to-earnings-growth ratio of 2.17 and a beta of 1.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 0.88.

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

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were given a dividend of $1.343 per share. The ex-dividend date of this dividend was Friday, April 26th. This represents a $5.37 annualized dividend and a dividend yield of 0.51%. ASML’s dividend payout ratio (DPR) is presently 32.48%.

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.