ASML (NASDAQ:ASML) Trading 2.1% Higher - Should You Buy?

Key Points

• ASML shares rose 2.1% to $1,883.12, although trading volume was 33% below the average session volume.
• Wall Street sentiment remains positive: analysts have assigned a “Moderate Buy” consensus rating, with a consensus price target of $1,970.33 and several firms recently raising their targets.
• ASML reported quarterly EPS of $8.65 on $10.64 billion in revenue, alongside a 30.11% net margin; its annualized dividend is $8.60 per share, yielding approximately 0.5%.

ASML Holding N.V. (NASDAQ:ASML - Get Free Report) rose 2.1% on Monday . The stock traded as high as $1,896.35 and last traded at $1,883.12. 1,249,307 shares changed hands during trading, a decline of 33% from the average session volume of 1,863,893 shares. The stock had previously closed at $1,844.08.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ASML. Barclays reaffirmed an "overweight" rating on shares of ASML in a report on Thursday, July 16th. Wells Fargo & Company upped their price target on ASML from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Morgan Stanley reissued an "overweight" rating on shares of ASML in a research report on Tuesday, July 7th. Royal Bank Of Canada raised their price objective on shares of ASML from $1,700.00 to $2,000.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 14th. Finally, Argus set a $2,100.00 target price on shares of ASML in a research report on Thursday, July 16th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,970.33.

ASML Stock Up 2.1%

The firm has a 50 day moving average of $1,781.65 and a 200-day moving average of $1,568.23. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. The stock has a market capitalization of $740.59 billion, a P/E ratio of 58.59, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. The company had revenue of $10.64 billion during the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. On average, equities research analysts expect that ASML Holding N.V. will post 44.85 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were paid a dividend of $2.1507 per share. The ex-dividend date was Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. ASML's payout ratio is currently 22.62%.

Hedge Funds Weigh In On ASML

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Boston Common Asset Management LLC acquired a new stake in shares of ASML in the first quarter valued at about $4,355,000. Cambridge Investment Research Advisors Inc. increased its position in shares of ASML by 3.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company's stock worth $24,036,000 after purchasing an additional 760 shares during the last quarter. Keudell Morrison Wealth Management acquired a new position in shares of ASML during the 4th quarter worth approximately $1,402,000. Keybank National Association OH raised its stake in shares of ASML by 21.3% during the 4th quarter. Keybank National Association OH now owns 65,354 shares of the semiconductor company's stock worth $69,920,000 after purchasing an additional 11,459 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted its holdings in shares of ASML by 507.0% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 2,695 shares of the semiconductor company's stock valued at $2,883,000 after buying an additional 2,251 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

ASML Company Profile

ASML Holding N.V. NASDAQ: ASML is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML's product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

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