ASML (NASDAQ:ASML) Stock Price Up 2.1% – Time to Buy?

ASML Holding N.V. (NASDAQ:ASML)’s stock price rose 2.1% during trading on Monday . The company traded as high as $1,896.35 and last traded at $1,883.12. Approximately 1,249,307 shares were traded during trading, a decline of 33% from the average daily volume of 1,863,893 shares. The stock had previously closed at $1,844.08.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ASML. Argus set a $2,100.00 price target on ASML in a report on Thursday, July 16th. Citigroup reaffirmed a “buy” rating on shares of ASML in a report on Friday, July 17th. Royal Bank Of Canada boosted their target price on shares of ASML from $1,700.00 to $2,000.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Wells Fargo & Company increased their target price on shares of ASML from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, UBS Group reissued a “buy” rating on shares of ASML in a report on Wednesday, July 1st. Four analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and an average target price of $1,970.33.

ASML Trading Down 4.3%

The firm has a market cap of $709.08 billion, a P/E ratio of 56.10, a P/E/G ratio of 0.92 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. The firm has a fifty day moving average of $1,784.83 and a 200-day moving average of $1,573.92.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The business had revenue of $10.64 billion during the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. Equities research analysts forecast that ASML Holding N.V. will post 44.85 earnings per share for the current year.

ASML Cuts Dividend

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

Institutional Trading of ASML

Large investors have recently modified their holdings of the company. Cornerstone Financial Management LLC acquired a new stake in shares of ASML in the fourth quarter valued at approximately $26,000. Binnacle Investments Inc boosted its position in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after buying an additional 15 shares during the period. Resources Management Corp CT ADV boosted its position 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 during the period. North Star Investment Management Corp. boosted its position 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 during the period. Finally, Jessup Wealth Management Inc bought a new position in ASML in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

About ASML

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.