ASML (NASDAQ:ASML) Stock Price Up 1.7% – What’s Next?

ASML Holding N.V. (NASDAQ:ASML)’s share price rose 1.7% during mid-day trading on Tuesday. The stock traded as high as $1,575.60 and last traded at $1,552.14. Approximately 1,186,119 shares were traded during mid-day trading, a decline of 32% from the average session volume of 1,737,949 shares. The stock had previously closed at $1,526.14.

Analyst Upgrades and Downgrades

ASML has been the subject of a number of research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating on shares of ASML in a report on Monday, September 14th. UBS Group reiterated a “buy” rating on shares of ASML in a research report on Monday, September 28th. Citigroup restated a “buy” rating on shares of ASML in a research report on Thursday, October 15th. Weiss Ratings downgraded shares of ASML from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Finally, Wells Fargo & Company raised their price target on shares of ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $2,079.12.

ASML Price Performance

The company has a fifty day moving average of $1,699.96 and a 200 day moving average of $1,597.10. The firm has a market capitalization of $598.22 billion, a P/E ratio of 38.21, a PEG ratio of 0.69 and a beta of 1.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.49 and a quick ratio of 1.01.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Sunday, September 27th. The semiconductor company reported $14.71 EPS for the quarter. The business had revenue of $13.27 billion during the quarter. ASML had a net margin of 34.10% and a return on equity of 64.24%. Sell-side analysts predict that ASML Holding N.V. will post 46.54 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Tuesday, October 27th will be paid a dividend of $2.1077 per share. The ex-dividend date is Tuesday, October 27th. This represents a $8.43 annualized dividend and a yield of 0.5%. This is a negative change from ASML’s previous quarterly dividend of $2.1507. ASML’s dividend payout ratio (DPR) is 17.53%.

Institutional Investors Weigh In On ASML

Several institutional investors and hedge funds have recently modified their holdings of ASML. Leelyn Smith LLC raised its stake in shares of ASML by 1.3% in the third quarter. Leelyn Smith LLC now owns 1,998 shares of the semiconductor company’s stock valued at $3,620,000 after acquiring an additional 26 shares during the period. Allen Investment Management LLC raised its position in ASML by 2.0% during the third quarter. Allen Investment Management LLC now owns 66,785 shares of the semiconductor company’s stock valued at $120,992,000 after acquiring an additional 1,300 shares in the last quarter. Palisade Asset Management LLC grew its stake in ASML by 26.5% in the 3rd quarter. Palisade Asset Management LLC now owns 277 shares of the semiconductor company’s stock valued at $502,000 after acquiring an additional 58 shares during the period. Verus Capital Partners LLC lifted its stake in ASML by 32.2% in the 3rd quarter. Verus Capital Partners LLC now owns 304 shares of the semiconductor company’s stock worth $551,000 after purchasing an additional 74 shares in the last quarter. Finally, AlphaCentric Advisors LLC acquired a new position in shares of ASML in the 3rd quarter valued at $770,000. 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 advanced lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment helps customers transfer intricate circuit patterns onto silicon wafers, a critical step in the production of processors, memory chips and other semiconductor devices.

ASML’s product portfolio includes extreme ultraviolet (EUV) lithography systems, which support the production of the most advanced chips, as well as deep ultraviolet (DUV) lithography systems for a broad range of semiconductor applications.