ASML (NASDAQ:ASML) Shares Up 1.2%

ASML Holding (NASDAQ:ASML) shot up 1.2% on Friday . The company traded as high as $1,048.81 and last traded at $1,040.53. 203,351 shares were traded during trading, a decline of 82% from the average session volume of 1,131,769 shares. The stock had previously closed at $1,028.01.

Analysts Set New Price Targets

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

ASML Trading Down 0.5 %

The firm has a market cap of $403.56 billion, a P/E ratio of 52.23, a P/E/G ratio of 2.17 and a beta of 1.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 1.54. The firm has a fifty day moving average of $964.40 and a 200-day moving average of $907.83.

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

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Monday, April 29th were issued a $1.343 dividend. This represents a $5.37 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, April 26th. ASML’s dividend payout ratio (DPR) is 32.53%.

Institutional Trading of ASML

Hedge funds have recently added to or reduced their stakes in the business. American Capital Advisory LLC bought a new stake in ASML during the 1st quarter valued at $26,000. WD Rutherford LLC bought a new stake in ASML during the 1st quarter valued at $29,000. LRI Investments LLC bought a new stake in ASML during the 1st quarter valued at $37,000. ZRC Wealth Management LLC bought a new stake in ASML during the 1st quarter valued at $39,000. Finally, Rocky Mountain Advisers LLC raised its stake in ASML by 110.0% during the 1st quarter. Rocky Mountain Advisers LLC now owns 42 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 22 shares in the last quarter. 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.