ASML (NASDAQ:ASML) Trading 4.2% Higher – Still a Buy?

Shares of ASML Holding N.V. (NASDAQ:ASML) rose 4.2% during mid-day trading on Friday . The company traded as high as $1,721.66 and last traded at $1,714.88. 1,247,561 shares traded hands during trading, a decline of 31% from the average daily volume of 1,803,263 shares. The stock had previously closed at $1,646.19.

Analyst Ratings Changes

ASML has been the topic of several research analyst reports. Wall Street Zen lowered ASML from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Morgan Stanley reissued an “overweight” rating on shares of ASML in a research report on Tuesday, July 7th. Argus set a $2,100.00 price target on shares of ASML in a report on Thursday, July 16th. Barclays reissued an “overweight” rating on shares of ASML in a research note on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research report on Friday, July 10th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,970.33.

ASML Trading Up 4.2%

The firm has a market capitalization of $674.43 billion, a P/E ratio of 53.36, a PEG ratio of 0.85 and a beta of 1.79. The business’s 50 day moving average is $1,751.00 and its two-hundred day moving average is $1,600.83. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The company had revenue of $10.62 billion for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. Analysts expect that ASML Holding N.V. will post 44.99 EPS for the current year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were given a dividend of $2.1507 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. ASML’s dividend payout ratio (DPR) is presently 22.62%.

Institutional Trading of ASML

Several large investors have recently added to or reduced their stakes in the business. NBH Bank bought a new position in ASML during the second quarter valued at about $26,000. Field & Main Bank bought a new stake in shares of ASML during the 2nd quarter worth about $30,000. Tsfg LLC acquired a new position in shares of ASML during the 2nd quarter valued at about $44,000. Cornerstone Financial Management LLC bought a new position in shares of ASML in the 4th quarter valued at approximately $26,000. Finally, Portus Wealth Advisors LLC bought a new position in shares of ASML in the 1st quarter valued at approximately $32,000. 26.07% of the stock is owned by institutional investors.

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.