ASML (NASDAQ:ASML) Stock Price Up 4.7% – Time to Buy?

ASML Holding N.V. (NASDAQ:ASML)’s stock price shot up 4.7% on Friday . The company traded as high as $1,415.97 and last traded at $1,413.01. 1,890,385 shares were traded during mid-day trading, a decline of 17% from the average session volume of 2,288,512 shares. The stock had previously closed at $1,350.16.

Analysts Set New Price Targets

ASML has been the subject of a number of recent research reports. Susquehanna reiterated a “positive” rating on shares of ASML in a research note on Monday, January 12th. KGI Securities set a $1,415.00 price target on ASML and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Santander cut ASML from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 22nd. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research report on Wednesday, January 28th. Finally, Rothschild & Co Redburn set a $1,200.00 price target on shares of ASML in a report on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and an average price target of $1,475.00.

ASML Stock Up 4.7%

The company has a quick ratio of 0.79, a current ratio of 1.26 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $555.71 billion, a PE ratio of 54.73, a price-to-earnings-growth ratio of 1.63 and a beta of 1.89. The business has a 50-day moving average price of $1,214.91 and a 200-day moving average price of $1,007.69.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Monday, April 27th will be issued a dividend of $3.1771 per share. The ex-dividend date is Monday, April 27th. This represents a $12.71 annualized dividend and a dividend yield of 0.9%. This is a boost from ASML’s previous quarterly dividend of $1.88. ASML’s payout ratio is presently 24.55%.

Hedge Funds Weigh In On ASML

Institutional investors and hedge funds have recently bought and sold shares of the company. Manning & Napier Advisors LLC purchased a new position in ASML in the third quarter worth approximately $25,000. Princeton Global Asset Management LLC grew its position in ASML by 153.8% in the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 20 shares in the last quarter. City Holding Co. purchased a new stake in ASML during the third quarter worth about $26,000. Binnacle Investments Inc grew its holdings in shares of ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 15 shares in the last quarter. Finally, North Star Investment Management Corp. increased its stake in ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after buying an additional 11 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Company Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.