ASML (NASDAQ:ASML) Trading Up 4.2% – Time to Buy?

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Morningstar downgraded shares of ASML to a “sell” rating in a research note on Wednesday, May 27th. Barclays restated an “overweight” rating on shares of ASML in a report on Thursday, July 16th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research report on Thursday, June 11th. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research report on Monday, June 1st. Finally, Wells Fargo & Company boosted their price objective on ASML from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,970.33.

ASML Trading Up 4.2%

The firm has a market capitalization of $674.43 billion, a price-to-earnings ratio of 53.36, a PEG ratio of 0.83 and a beta of 1.79. The business’s 50-day moving average price is $1,752.60 and its 200 day moving average price is $1,600.03. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80.

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

ASML Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Baron Wealth Management LLC boosted its stake in shares of ASML by 1.8% during the 2nd quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company’s stock valued at $662,000 after buying an additional 6 shares during the last quarter. Whitener Capital Management Inc. raised its holdings in ASML by 2.8% in the second quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company’s stock valued at $434,000 after acquiring an additional 6 shares in the last quarter. Founders Financial Alliance LLC boosted its stake in ASML by 2.3% during the 2nd quarter. Founders Financial Alliance LLC now owns 266 shares of the semiconductor company’s stock valued at $529,000 after acquiring an additional 6 shares during the last quarter. 44 Wealth Management LLC grew its holdings in ASML by 1.1% during the 4th quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock worth $703,000 after acquiring an additional 7 shares in the last quarter. Finally, Evolution Wealth Management Inc. grew its holdings in ASML by 22.6% during the 1st 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. Hedge funds and other institutional investors own 26.07% of the company’s stock.

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.