ASML (NASDAQ:ASML) Shares Up 1.2% - What's Next?

Key Points

• ASML shares rose 1.2% to $1,590.90, with trading volume 9% above the average session level.
• Analysts remain broadly optimistic, with a consensus “Moderate Buy” rating and an average price target of $2,079.12; 20 of 25 analysts rate the stock Buy or Strong Buy.
• ASML reported quarterly EPS of $14.71 on $13.27 billion in revenue, while its quarterly dividend was reduced to $2.1077 from $2.1507, implying a 0.5% yield.

ASML Holding N.V. (NASDAQ:ASML - Get Free Report) shares shot up 1.2% on Monday. The company traded as high as $1,612.00 and last traded at $1,590.90. 1,909,951 shares traded hands during trading, an increase of 9% from the average session volume of 1,745,971 shares. The stock had previously closed at $1,571.80.

Wall Street Analyst Weigh In

ASML has been the topic of several recent analyst reports. Argus set a $2,100.00 target price on ASML in a report on Thursday, July 16th. Citigroup reaffirmed a "buy" rating on shares of ASML in a research report on Thursday, October 15th. DZ Bank upgraded shares of ASML from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Morgan Stanley restated an "overweight" rating on shares of ASML in a research note on Tuesday, July 7th. Finally, UBS Group reissued a "buy" rating on shares of ASML in a report on Monday, September 28th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,079.12.

ASML Stock Up 1.2%

The stock has a market capitalization of $613.16 billion, a price-to-earnings ratio of 39.17, a price-to-earnings-growth ratio of 0.66 and a beta of 1.77. The company has a quick ratio of 1.01, a current ratio of 1.49 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average price of $1,720.15 and a 200 day moving average price of $1,683.93.

ASML (NASDAQ:ASML - Get Free Report) last announced its earnings results on Sunday, September 27th. The semiconductor company reported $14.71 EPS for the quarter. ASML had a return on equity of 64.24% and a net margin of 34.10%. The firm had revenue of $13.27 billion for the quarter. As a group, analysts forecast that ASML Holding N.V. will post 46.03 EPS for the current year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Tuesday, October 27th will be issued a $2.1077 dividend. The ex-dividend date is Tuesday, October 27th. This is a drop from ASML's previous quarterly dividend of $2.1507. This represents a $8.43 annualized dividend and a yield of 0.5%. ASML's dividend payout ratio (DPR) is currently 17.90%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ASML. Boston Common Asset Management LLC acquired a new stake in shares of ASML in the 1st quarter valued at about $4,355,000. Puzo Michael J bought a new position in ASML in the second quarter worth approximately $1,795,000. State Street Corp grew its stake in ASML by 4.4% in the second quarter. State Street Corp now owns 85,872 shares of the semiconductor company's stock valued at $170,851,000 after acquiring an additional 3,632 shares during the period. Envestnet Asset Management Inc. grew its stake in ASML by 6.5% in the second quarter. Envestnet Asset Management Inc. now owns 440,721 shares of the semiconductor company's stock valued at $876,783,000 after acquiring an additional 27,021 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of ASML by 23.9% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 6,371 shares of the semiconductor company's stock valued at $12,675,000 after acquiring an additional 1,230 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

ASML Company Profile

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures advanced lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment helps customers transfer intricate circuit patterns onto silicon wafers, a critical step in the production of processors, memory chips and other semiconductor devices.

ASML's product portfolio includes extreme ultraviolet (EUV) lithography systems, which support the production of the most advanced chips, as well as deep ultraviolet (DUV) lithography systems for a broad range of semiconductor applications.

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