ASML (NASDAQ:ASML) Shares Up 1% - Time to Buy?

Key Points

• ASML shares rose 1% to $1,682.30, with trading volume significantly below average. The stock’s valuation includes a $661.6 billion market cap and a P/E ratio of 52.34.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $1,970.33; RBC and Bank of America recently raised their targets.
• ASML reported quarterly EPS of $8.65 on $10.62 billion in revenue, alongside a 30.11% net margin and 52.71% return on equity. Its quarterly dividend equates to an annualized $8.60 payout and a 0.5% yield.

ASML Holding N.V. (NASDAQ:ASML - Get Free Report)'s share price traded up 1% on Wednesday . The stock traded as high as $1,688.66 and last traded at $1,682.30. 852,130 shares traded hands during trading, a decline of 53% from the average session volume of 1,808,617 shares. The stock had previously closed at $1,665.14.

Analyst Ratings Changes

Several analysts recently commented on the company. Jefferies Financial Group reaffirmed a "neutral" rating on shares of ASML in a report on Monday, June 1st. Citigroup reaffirmed a "buy" rating on shares of ASML in a research note on Friday, July 17th. Susquehanna reiterated a "positive" rating on shares of ASML in a research report on Tuesday, June 30th. Royal Bank Of Canada raised their target price 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, Bank of America raised their target price on ASML from $2,268.00 to $2,345.00 and gave the stock a "buy" rating in a research note on Monday, June 22nd. Four analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,970.33.

ASML Stock Up 1.0%

The firm has a fifty day moving average of $1,758.02 and a 200 day moving average of $1,596.40. The stock has a market cap of $661.62 billion, a PE ratio of 52.34, a price-to-earnings-growth ratio of 0.84 and a beta of 1.79. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. The company had revenue of $10.62 billion for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. On average, equities research analysts anticipate that ASML Holding N.V. will post 44.99 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were given a $2.1507 dividend. This represents a $8.60 annualized dividend and a yield of 0.5%. The ex-dividend date was Tuesday, July 28th. ASML's payout ratio is 22.59%.

Institutional Investors Weigh In On ASML

Several hedge funds have recently modified their holdings of ASML. Baron Wealth Management LLC lifted its position in ASML by 1.8% in the second quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company's stock valued at $662,000 after purchasing an additional 6 shares during the period. Whitener Capital Management Inc. boosted its stake in shares of ASML by 2.8% in the second quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company's stock valued at $434,000 after buying an additional 6 shares in the last quarter. Founders Financial Alliance LLC grew its holdings in ASML by 2.3% during the second quarter. Founders Financial Alliance LLC now owns 266 shares of the semiconductor company's stock worth $529,000 after acquiring an additional 6 shares during the period. 44 Wealth Management LLC grew its holdings in ASML by 1.1% during the fourth quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company's stock worth $703,000 after acquiring an additional 7 shares during the period. Finally, Evolution Wealth Management Inc. raised its position in ASML by 22.6% in the first quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company's stock worth $50,000 after acquiring an additional 7 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

About ASML

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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