ASML (NASDAQ:ASML) Hits New 52-Week High on Analyst Upgrade

Key Points

• ASML's stock reached a new 52-week high after JPMorgan raised its price target from $957.00 to $1,175.00, indicating strong confidence in the company's future performance.
• The semiconductor company declared an increased quarterly dividend of $1.856 per share, marking a positive change from its previous dividend payout.
• Recent analyst ratings show that ASML has a mix of strong buy and hold ratings, with the consensus rating being a "Moderate Buy" and an average target price of $938.80.

Shares of ASML Holding N.V. (NASDAQ:ASML - Get Free Report) hit a new 52-week high on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from $957.00 to $1,175.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. ASML traded as high as $1,059.00 and last traded at $1,043.30, with a volume of 1383796 shares trading hands. The stock had previously closed at $1,032.22.

Several other brokerages also recently weighed in on ASML. Barclays reiterated an "overweight" rating on shares of ASML in a research note on Tuesday, September 30th. Morningstar downgraded ASML to a "hold" rating in a research note on Thursday, September 18th. Arete Research raised ASML to a "strong-buy" rating in a report on Friday, September 12th. Weiss Ratings reissued a "hold (c+)" rating on shares of ASML in a report on Saturday, September 27th. Finally, DZ Bank reissued a "neutral" rating on shares of ASML in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $938.80.

Hedge Funds Weigh In On ASML

Hedge funds and other institutional investors have recently bought and sold shares of the company. Putney Financial Group LLC raised its holdings in ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 29 shares during the last quarter. Princeton Global Asset Management LLC raised its holdings in ASML by 153.8% during the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 20 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in ASML during the first quarter worth $27,000. Binnacle Investments Inc raised its holdings in 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 purchasing an additional 15 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. acquired a new position in ASML during the second quarter worth $30,000. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Stock Performance

The firm has a fifty day moving average of $812.40 and a 200-day moving average of $755.60. The stock has a market capitalization of $410.46 billion, a price-to-earnings ratio of 43.54, a PEG ratio of 1.74 and a beta of 1.87. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.21.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.94 by ($1.39). ASML had a return on equity of 49.47% and a net margin of 26.95%.The firm had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.72 billion. During the same period in the prior year, the firm posted $4.01 earnings per share. The business's revenue for the quarter was up 23.2% compared to the same quarter last year. ASML has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Tuesday, July 29th were issued a $1.856 dividend. This represents a $7.42 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from ASML's previous quarterly dividend of $1.64. The ex-dividend date of this dividend was Tuesday, July 29th. ASML's payout ratio is presently 26.21%.

ASML Company Profile

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.

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