ASML (NASDAQ:ASML) Trading Up 0.1% – What’s Next?

ASML Holding (NASDAQ:ASML) rose 0.1% during trading on Thursday . The company traded as high as $719.88 and last traded at $714.90. Approximately 274,474 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 1,448,394 shares. The stock had previously closed at $714.43.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ASML shares. UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. reduced their target price on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Finally, Wells Fargo & Company lowered their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $943.83.

ASML Stock Up 0.8 %

The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average of $709.10 and a two-hundred day moving average of $850.44. The company has a market cap of $282.71 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 2.07 and a beta of 1.49.

ASML (NASDAQ:ASML) last announced its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The firm had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. As a group, equities analysts anticipate that ASML Holding will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were paid a dividend of $1.407 per share. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.78%. ASML’s dividend payout ratio is currently 29.21%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lantz Financial LLC acquired a new stake in shares of ASML in the second quarter worth approximately $216,000. Fiduciary Financial Group LLC purchased a new stake in shares of ASML during the second quarter worth $225,000. Triad Wealth Partners LLC acquired a new stake in shares of ASML in the second quarter valued at about $31,000. Miracle Mile Advisors LLC raised its position in shares of ASML by 18.8% in the second quarter. Miracle Mile Advisors LLC now owns 341 shares of the semiconductor company’s stock valued at $349,000 after buying an additional 54 shares during the last quarter. Finally, Brookstone Capital Management lifted its stake in shares of ASML by 2.3% in the second quarter. Brookstone Capital Management now owns 997 shares of the semiconductor company’s stock worth $929,000 after buying an additional 22 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

About ASML

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.