ASML (NASDAQ:ASML) Stock Price Up 2.5% - Time to Buy?

Key Points

• ASML's stock price increased by 2.5%, with a last traded price of $1,036.41 and a market capitalization of $407.60 billion.
• The company reported earnings of $6.41 per share for the last quarter, surpassing analysts' expectations, though its revenue of $8.71 billion fell short of forecasts.
• ASML announced a new quarterly dividend of $1.857 per share, reflecting a boost from the previous dividend, with an ex-dividend date set for October 29th.

ASML Holding N.V. (NASDAQ:ASML - Get Free Report)'s stock price rose 2.5% on Thursday . The company traded as high as $1,040.50 and last traded at $1,036.41. Approximately 1,311,788 shares were traded during trading, a decline of 23% from the average daily volume of 1,709,543 shares. The stock had previously closed at $1,011.57.

Analyst Ratings Changes

Several analysts have recently commented on ASML shares. Bank Degroof downgraded shares of ASML to a "hold" rating in a research report on Friday, October 10th. Morningstar downgraded shares of ASML to a "hold" rating in a research report on Thursday, September 18th. Hsbc Global Res raised shares of ASML to a "strong-buy" rating in a research report on Monday, October 6th. UBS Group reaffirmed a "buy" rating on shares of ASML in a research report on Wednesday, October 15th. Finally, Arete Research raised shares of ASML to a "strong-buy" rating in a research report on Friday, September 12th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,051.60.

ASML Trading Up 2.5%

The business has a fifty day moving average of $881.48 and a 200-day moving average of $781.44. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31. The company has a market capitalization of $407.60 billion, a P/E ratio of 42.18, a PEG ratio of 1.69 and a beta of 1.87.

ASML (NASDAQ:ASML - Get Free Report) last issued its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.27 by $0.14. ASML had a return on equity of 47.74% and a net margin of 27.08%.The company had revenue of $8.71 billion for the quarter, compared to analysts' expectations of $8.99 billion. During the same period last year, the business earned $5.28 EPS. ASML's quarterly revenue was up .7% compared to the same quarter last year. Analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th will be paid a dividend of $1.857 per share. This is a boost from ASML's previous quarterly dividend of $1.86. The ex-dividend date is Wednesday, October 29th. This represents a $7.43 annualized dividend and a yield of 0.7%. ASML's dividend payout ratio (DPR) is 25.56%.

Hedge Funds Weigh In On ASML

Large investors have recently bought and sold shares of the stock. Princeton Global Asset Management LLC lifted its stake in ASML by 153.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 20 shares in the last quarter. City Holding Co. bought a new stake in shares of ASML during the 3rd quarter worth $26,000. Banque Cantonale Vaudoise bought a new stake in shares of ASML during the 1st quarter worth $27,000. Binnacle Investments Inc raised its stake in shares of ASML by 78.9% during the 2nd 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 period. Finally, Pin Oak Investment Advisors Inc. bought a new stake in shares of ASML during the 2nd quarter worth $30,000. 26.07% of the stock is currently owned by institutional investors.

About ASML

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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