ASML (NASDAQ:ASML) Stock Price Up 3.3% – Still a Buy?
by Mitch Edgeman · The Markets DailyASML Holding N.V. (NASDAQ:ASML – Get Free Report)’s stock price traded up 3.3% on Friday. The stock traded as high as $1,873.50 and last traded at $1,867.31. Approximately 1,334,857 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 1,759,816 shares. The stock had previously closed at $1,808.49.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on ASML. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, June 11th. Citigroup restated a “buy” rating on shares of ASML in a report on Friday, July 17th. Cantor Fitzgerald restated an “overweight” rating on shares of ASML in a research report on Monday, September 14th. Argus set a $2,100.00 price target on ASML in a report on Thursday, July 16th. Finally, Wall Street Zen downgraded ASML from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,970.33.
Read Our Latest Stock Analysis on ASML
ASML Trading Up 3.3%
The company’s fifty day moving average is $1,718.54 and its two-hundred day moving average is $1,642.04. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. The stock has a market cap of $734.38 billion, a price-to-earnings ratio of 58.10, a PEG ratio of 0.92 and a beta of 1.77.
ASML (NASDAQ:ASML – Get Free Report) last posted its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. The company had revenue of $10.62 billion during the quarter. On average, research analysts predict that ASML Holding N.V. will post 44.01 EPS for the current fiscal year.
ASML Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were issued a $2.1507 dividend. This represents a $8.60 annualized dividend and a yield of 0.5%. This is a drop from ASML’s previous quarterly dividend of $3.1771. The ex-dividend date of this dividend was Tuesday, July 28th. ASML’s dividend payout ratio is currently 22.62%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in ASML. Boston Common Asset Management LLC purchased a new stake in shares of ASML in the first quarter valued at approximately $4,355,000. Puzo Michael J purchased a new position in ASML in the second quarter worth $1,795,000. Bank of America Corp DE lifted its holdings in ASML by 1.2% in the first quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company’s stock valued at $2,060,833,000 after acquiring an additional 19,051 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in ASML by 23.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 6,371 shares of the semiconductor company’s stock valued at $12,675,000 after acquiring an additional 1,230 shares during the period. Finally, Meridian Management Co. purchased a new stake in shares of ASML during the 2nd quarter worth $1,814,000. Hedge funds and other 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 projects patterns onto silicon wafers, enabling the creation of increasingly smaller and more powerful semiconductor features.
ASML’s product portfolio includes extreme ultraviolet (EUV) lithography systems, deep ultraviolet (DUV) lithography systems, and related metrology and inspection solutions.
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