ASML (NASDAQ:ASML) Trading 1.3% Higher - Still a Buy?

Key Points

• ASML's stock price increased by 1.3% during midday trading, reaching $1,042.15, with a significant decline in trading volume compared to its average.
• The company reported $6.41 earnings per share for the recent quarter, exceeding estimates, with a slight year-over-year revenue increase of 0.7%.
• ASML declared a quarterly dividend of $1.857, indicating a positive change from the previous dividend and reflecting a payout ratio of 25.56%.

ASML Holding N.V. (NASDAQ:ASML - Get Free Report)'s stock price traded up 1.3% on Monday . The stock traded as high as $1,052.17 and last traded at $1,042.15. 1,264,677 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 1,717,494 shares. The stock had previously closed at $1,029.27.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of ASML from $1,105.00 to $1,140.00 and gave the company an "overweight" rating in a report on Thursday. JPMorgan Chase & Co. reissued a "buy" rating on shares of ASML in a research report on Wednesday, October 15th. Evercore ISI reissued an "outperform" rating on shares of ASML in a research report on Thursday. Susquehanna raised their price objective on ASML from $965.00 to $1,150.00 and gave the company a "positive" rating in a research report on Friday, October 10th. Finally, Mizuho raised ASML from a "neutral" rating to an "outperform" rating in a research report on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,051.60.

ASML Trading Up 1.3%

The firm has a 50-day moving average price of $864.28 and a 200-day moving average price of $775.08. 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 stock has a market cap of $409.86 billion, a PE ratio of 42.42, a price-to-earnings-growth ratio of 1.70 and a beta of 1.87.

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

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Wednesday, October 29th will be issued a $1.857 dividend. This represents a $7.43 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, October 29th. This is a positive change from ASML's previous quarterly dividend of $1.86. ASML's dividend payout ratio is 25.56%.

Institutional Investors Weigh In On ASML

Several large investors have recently bought and sold shares of the business. Miracle Mile Advisors LLC increased its holdings in ASML by 63.0% in the 3rd quarter. Miracle Mile Advisors LLC now owns 820 shares of the semiconductor company's stock worth $794,000 after buying an additional 317 shares in the last quarter. Chemistry Wealth Management LLC increased its holdings in ASML by 51.4% in the 3rd quarter. Chemistry Wealth Management LLC now owns 389 shares of the semiconductor company's stock worth $377,000 after buying an additional 132 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in ASML by 37.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 29,425 shares of the semiconductor company's stock worth $29,521,000 after buying an additional 8,039 shares in the last quarter. Merit Financial Group LLC increased its holdings in ASML by 3.7% in the 3rd quarter. Merit Financial Group LLC now owns 3,130 shares of the semiconductor company's stock worth $3,030,000 after buying an additional 111 shares in the last quarter. Finally, Security National Bank increased its holdings in ASML by 8.4% in the 3rd quarter. Security National Bank now owns 11,603 shares of the semiconductor company's stock worth $11,233,000 after buying an additional 895 shares in the last quarter. 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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