ASML (NASDAQ:ASML) Stock Price Up 0.1%

ASML Holding (NASDAQ:ASML) was up 0.1% on Tuesday . The company traded as high as $1,040.34 and last traded at $1,034.77. Approximately 187,183 shares were traded during trading, a decline of 83% from the average daily volume of 1,126,601 shares. The stock had previously closed at $1,033.49.

Analyst Ratings Changes

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

ASML Trading Up 2.2 %

The firm has a market cap of $422.77 billion, a P/E ratio of 54.72, a P/E/G ratio of 2.16 and a beta of 1.49. The business’s 50-day moving average is $970.56 and its two-hundred day moving average is $913.09. 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 issued its earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.54. The company had revenue of $5.74 billion during 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%. As a group, analysts expect that ASML Holding will post 20.12 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were given 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 is presently 32.53%.

Hedge Funds Weigh In On ASML

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Nova Scotia grew its position in ASML by 4.3% in the 3rd quarter. Bank of Nova Scotia now owns 2,010 shares of the semiconductor company’s stock worth $1,184,000 after purchasing an additional 83 shares during the last quarter. Toronto Dominion Bank increased its position in ASML by 58.9% in the 3rd quarter. Toronto Dominion Bank now owns 1,044 shares of the semiconductor company’s stock valued at $615,000 after acquiring an additional 387 shares during the period. Earnest Partners LLC bought a new stake in ASML during the 3rd quarter valued at $1,926,000. Lido Advisors LLC boosted its position in ASML by 203.6% during the 3rd quarter. Lido Advisors LLC now owns 4,202 shares of the semiconductor company’s stock worth $2,473,000 after acquiring an additional 2,818 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of ASML by 4.1% in the third quarter. Royal Bank of Canada now owns 823,838 shares of the semiconductor company’s stock worth $484,961,000 after purchasing an additional 32,501 shares in the last quarter. Institutional investors and hedge funds 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.