ASML (NASDAQ:ASML) Trading Up 2.1% – Time to Buy?

ASML Holding N.V. (NASDAQ:ASML) shares were up 2.1% during mid-day trading on Tuesday . The company traded as high as $1,749.70 and last traded at $1,747.90. Approximately 1,172,928 shares traded hands during trading, a decline of 34% from the average daily volume of 1,780,560 shares. The stock had previously closed at $1,711.32.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Susquehanna reiterated a “positive” rating on shares of ASML in a report on Tuesday, June 30th. JPMorgan Chase & Co. raised their target price on shares of ASML from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Royal Bank Of Canada upped their price target on shares of ASML from $1,700.00 to $2,000.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Wall Street Zen downgraded shares of ASML from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Morningstar lowered ASML to a “sell” rating in a research report on Wednesday, May 27th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,970.33.

ASML Price Performance

The firm has a market cap of $673.08 billion, a PE ratio of 53.16, a price-to-earnings-growth ratio of 0.88 and a beta of 1.79. The stock has a 50 day simple moving average of $1,718.25 and a two-hundred day simple moving average of $1,623.91. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The company had revenue of $10.62 billion during the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. Sell-side analysts expect that ASML Holding N.V. will post 44.03 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were issued a $2.1507 dividend. This represents a $8.60 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML’s dividend payout ratio (DPR) is presently 22.59%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Baron Wealth Management LLC raised its holdings in ASML by 1.8% during the 2nd quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company’s stock worth $662,000 after purchasing an additional 6 shares during the last quarter. Whitener Capital Management Inc. boosted its holdings in shares of ASML by 2.8% during the 2nd quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company’s stock worth $434,000 after buying an additional 6 shares in the last quarter. Founders Financial Alliance LLC grew its holdings in ASML by 2.3% in the second quarter. Founders Financial Alliance LLC now owns 266 shares of the semiconductor company’s stock worth $529,000 after purchasing an additional 6 shares during the period. Evolution Wealth Management Inc. boosted its holdings in ASML by 22.6% in the first quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 7 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT lifted its stake in shares of ASML by 0.3% in the first quarter. Bradley Foster & Sargent Inc. CT now owns 2,232 shares of the semiconductor company’s stock valued at $2,948,000 after buying an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Company Profile

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment uses light to project intricate circuit patterns onto silicon wafers, an essential step in the production of chips for computers, smartphones, automobiles, data centers and other electronic devices.

The company’s product portfolio includes extreme ultraviolet (EUV) lithography systems, deep ultraviolet (DUV) lithography systems and advanced metrology and inspection technologies.