ASML (NASDAQ:ASML) Trading 2.9% Higher – Here’s Why

ASML Holding N.V. (NASDAQ:ASMLGet Free Report)’s stock price shot up 2.9% during mid-day trading on Tuesday . The company traded as high as $1,798.27 and last traded at $1,775.64. 2,442,539 shares changed hands during mid-day trading, an increase of 30% from the average daily volume of 1,880,911 shares. The stock had previously closed at $1,726.04.

Trending Headlines about ASML

Here are the key news stories impacting ASML this week:

Analyst Ratings Changes

A number of research firms have weighed in on ASML. Susquehanna reissued a “positive” rating on shares of ASML in a research report on Tuesday, June 30th. Wall Street Zen downgraded ASML from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research note on Friday, July 10th. Freedom Capital raised ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Finally, Jefferies Financial Group restated a “neutral” rating on shares of ASML in a research note on Monday, June 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and an average price target of $1,929.12.

Read Our Latest Stock Report on ASML

ASML Stock Performance

The firm has a market capitalization of $710.29 billion, a price-to-earnings ratio of 64.70, a price-to-earnings-growth ratio of 1.35 and a beta of 1.78. The firm’s 50-day moving average price is $1,723.52 and its two-hundred day moving average price is $1,493.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36.

ASML (NASDAQ:ASMLGet Free Report) last posted its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The firm had revenue of $10.15 billion during the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. Sell-side analysts predict that ASML Holding N.V. will post 36.62 earnings per share for the current year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th will be given a dividend of $2.1507 per share. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Tuesday, July 28th. ASML’s dividend payout ratio (DPR) is 38.63%.

Institutional Trading of ASML

A number of large investors have recently bought and sold shares of ASML. Cornerstone Financial Management LLC bought a new position in ASML during the 4th quarter valued at about $26,000. Portus Wealth Advisors LLC bought a new stake in ASML during the first quarter worth about $32,000. Resources Management Corp CT ADV increased its holdings in shares of ASML by 1,150.0% during the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after buying an additional 23 shares in the last quarter. North Star Investment Management Corp. increased its holdings in shares of ASML by 68.8% during the fourth 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 in the last quarter. Finally, Jessup Wealth Management Inc bought a new position in shares of ASML in the fourth quarter valued at approximately $30,000. 26.07% of the stock is currently owned by institutional investors.

About ASML

(Get Free Report)

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.

Further Reading

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