ASML (NASDAQ:ASML) Trading Up 2.6% - What's Next?

Key Points

• ASML's stock price increased by 2.6% on Monday, closing at $729.72 after trading as high as $735.41, with trading volume significantly declining by 44% from its average.
• Equities analysts have mixed ratings on ASML, with a consensus rating of "Moderate Buy" and an average target price of $923.80, as some firms raised their targets while others downgraded their ratings.
• The company announced an increase in its quarterly dividend to $1.856 per share, reflecting a boost from its previous dividend and representing an annual yield of 1.02%.

ASML Holding N.V. (NASDAQ:ASML - Get Free Report)'s share price rose 2.6% on Monday . The stock traded as high as $735.41 and last traded at $729.72. Approximately 987,858 shares traded hands during trading, a decline of 44% from the average daily volume of 1,754,237 shares. The stock had previously closed at $711.25.

Analyst Ratings Changes

ASML has been the subject of several recent analyst reports. Susquehanna lowered their target price on ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. Citigroup reaffirmed a "buy" rating on shares of ASML in a research report on Monday, May 19th. Wells Fargo & Company increased their price target on shares of ASML from $840.00 to $890.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. New Street Research raised shares of ASML from a "neutral" rating to a "buy" rating in a report on Thursday, July 24th. Finally, Barclays reissued an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $923.80.

ASML Stock Performance

The stock has a fifty day moving average price of $764.09 and a two-hundred day moving average price of $726.99. The company has a market cap of $273.31 billion, a P/E ratio of 28.99, a PEG ratio of 1.46 and a beta of 1.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 0.81.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share for the quarter, missing analysts' consensus estimates of $5.94 by ($1.39). The business had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.72 billion. ASML had a net margin of 26.95% and a return on equity of 49.47%. The business's quarterly revenue was up 23.2% on a year-over-year basis. During the same period last year, the firm posted $4.01 EPS. On average, equities analysts forecast that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Tuesday, July 29th will be issued a dividend of $1.856 per share. This represents a $7.42 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from ASML's previous quarterly dividend of $1.64. The ex-dividend date of this dividend is Tuesday, July 29th. ASML's dividend payout ratio is presently 26.21%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Resonant Capital Advisors LLC increased its stake in shares of ASML by 25.3% during the second quarter. Resonant Capital Advisors LLC now owns 1,049 shares of the semiconductor company's stock valued at $841,000 after acquiring an additional 212 shares during the period. New Hampshire Trust increased its stake in shares of ASML by 14.1% during the second quarter. New Hampshire Trust now owns 438 shares of the semiconductor company's stock valued at $351,000 after acquiring an additional 54 shares during the period. Topsail Wealth Management LLC acquired a new position in shares of ASML during the second quarter valued at approximately $236,000. Interchange Capital Partners LLC increased its stake in shares of ASML by 60.0% during the second quarter. Interchange Capital Partners LLC now owns 923 shares of the semiconductor company's stock valued at $739,000 after acquiring an additional 346 shares during the period. Finally, Heirloom Wealth Management increased its stake in shares of ASML by 0.7% during the second quarter. Heirloom Wealth Management now owns 23,213 shares of the semiconductor company's stock valued at $18,603,000 after acquiring an additional 171 shares during the period. Institutional investors and hedge funds own 26.07% of the company's stock.

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.