ASML (NASDAQ:ASML) Stock Price Up 2.1% – What’s Next?

by · The Cerbat Gem

Shares of ASML Holding N.V. (NASDAQ:ASMLGet Free Report) rose 2.1% on Thursday . The company traded as high as $1,051.81 and last traded at $1,036.31. Approximately 1,615,437 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 1,659,552 shares. The stock had previously closed at $1,015.43.

Analyst Ratings Changes

Several equities research analysts recently commented on ASML shares. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research report on Friday, October 10th. Evercore ISI reiterated an “outperform” rating on shares of ASML in a report on Thursday, October 16th. Hsbc Global Res upgraded shares of ASML to a “strong-buy” rating in a report on Monday, October 6th. DZ Bank reissued a “neutral” rating on shares of ASML in a research report on Wednesday, October 15th. Finally, UBS Group reissued a “buy” rating on shares of ASML in a research note on Thursday, December 11th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and an average target price of $1,171.83.

Check Out Our Latest Analysis on ASML

ASML Stock Performance

The stock’s 50 day simple moving average is $1,042.84 and its two-hundred day simple moving average is $883.42. The company has a market cap of $407.56 billion, a PE ratio of 42.18, a P/E/G ratio of 1.67 and a beta of 1.87. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

ASML (NASDAQ:ASMLGet Free Report) last issued its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping the consensus estimate of $6.27 by $0.14. ASML had a return on equity of 47.74% and a net margin of 27.08%.The business had revenue of $8.80 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period last year, the company posted $5.28 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. As a group, research analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th were issued a dividend of $1.857 per share. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, October 29th. This is an increase from ASML’s previous quarterly dividend of $1.86. ASML’s dividend payout ratio (DPR) is presently 25.80%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Manning & Napier Advisors LLC purchased a new position in shares of ASML in the 3rd quarter valued at $25,000. Princeton Global Asset Management LLC lifted its stake in shares of ASML by 153.8% during the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 20 shares in the last quarter. City Holding Co. purchased a new stake in shares of ASML in the third quarter worth about $26,000. Binnacle Investments Inc boosted its position in shares of ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after buying an additional 15 shares during the period. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in shares of ASML in the second quarter valued at about $30,000. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Company Profile

(Get Free Report)

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.

Featured Stories