ASML (NASDAQ:ASML) Stock Jumps 1.2% - Here's What Happened

Key Points

• ASML shares rose 1.2% to $1,743.94, although trading volume was 55% below the average session volume.
• Analyst sentiment remains positive: ASML has an average “Moderate Buy” rating and a consensus price target of $1,970.33, with several firms recently raising their targets.
• The company reported quarterly revenue of $10.62 billion and EPS of $8.65, while its quarterly dividend fell to $2.1507 per share from $3.1771, producing a 0.5% yield.

ASML Holding N.V. (NASDAQ:ASML - Get Free Report)'s stock price was up 1.2% during trading on Friday. The company traded as high as $1,759.25 and last traded at $1,743.94. 799,563 shares were traded during mid-day trading, a decline of 55% from the average session volume of 1,768,967 shares. The stock had previously closed at $1,722.50.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ASML. Sanford C. Bernstein lifted their price target on ASML from $1,971.00 to $2,623.00 and gave the company an "outperform" rating in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of ASML in a report on Friday, July 10th. Jefferies Financial Group reissued a "neutral" rating on shares of ASML in a research report on Monday, June 1st. JPMorgan Chase & Co. lifted their price objective on shares of ASML from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Finally, Bank of America boosted their price objective on shares of ASML from $2,268.00 to $2,345.00 and gave the stock a "buy" rating in a research note on Monday, June 22nd. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, ASML currently has an average rating of "Moderate Buy" and an average target price of $1,970.33.

ASML Trading Up 1.2%

The stock has a 50-day simple moving average of $1,717.00 and a 200 day simple moving average of $1,626.93. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. The company has a market cap of $685.86 billion, a price-to-earnings ratio of 54.26, a PEG ratio of 0.88 and a beta of 1.79.

ASML (NASDAQ:ASML - Get Free Report) last issued its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The firm had revenue of $10.62 billion for the quarter. As a group, equities research analysts predict that ASML Holding N.V. will post 44.03 EPS for the current fiscal year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were issued a dividend of $2.1507 per share. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. This is a drop from ASML's previous quarterly dividend of $3.1771. The ex-dividend date of this dividend was Tuesday, July 28th. ASML's dividend payout ratio is 22.62%.

Institutional Investors Weigh In On ASML

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASML. Baron Wealth Management LLC lifted its holdings in ASML by 1.8% in the 2nd quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company's stock worth $662,000 after buying an additional 6 shares during the period. Whitener Capital Management Inc. lifted its stake in ASML by 2.8% in the second quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company's stock worth $434,000 after acquiring an additional 6 shares during the period. Founders Financial Alliance LLC boosted its holdings in ASML by 2.3% in the second quarter. Founders Financial Alliance LLC now owns 266 shares of the semiconductor company's stock valued at $529,000 after acquiring an additional 6 shares in the last quarter. Evolution Wealth Management Inc. increased its position in ASML by 22.6% during the 1st quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company's stock valued at $50,000 after purchasing an additional 7 shares during the period. Finally, Bradley Foster & Sargent Inc. CT raised its holdings in ASML by 0.3% in the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 2,232 shares of the semiconductor company's stock worth $2,948,000 after purchasing an additional 7 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Company Profile

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment uses light to project intricate circuit patterns onto silicon wafers, an essential step in the production of chips for computers, smartphones, automobiles, data centers and other electronic devices.

The company's product portfolio includes extreme ultraviolet (EUV) lithography systems, deep ultraviolet (DUV) lithography systems and advanced metrology and inspection technologies.

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