ASML (NASDAQ:ASML) Stock Price Breaks Above 200 Day Moving Average - Here's Why

Key Points

• ASML shares crossed above their 200-day moving average, reaching $1,612 before last trading at $1,590.90. The stock’s 200-day average is $1,586.27, while its 50-day average is higher at $1,722.74.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $2,079.12. Three analysts rate ASML a Strong Buy, 17 rate it Buy, two rate it Hold and three rate it Sell.
• ASML reported quarterly EPS of $14.71 on $13.27 billion in revenue, with a 34.10% net margin and 64.24% return on equity. Its quarterly dividend was reduced to $2.1077 per share from $2.1507, implying an annualized yield of approximately 0.5%.

ASML Holding N.V. (NASDAQ:ASML - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $1,586.27 and traded as high as $1,612.00. ASML shares last traded at $1,590.90, with a volume of 1,944,766 shares changing hands.

Analyst Ratings Changes

ASML has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of ASML in a research report on Friday, July 10th. Wall Street Zen upgraded ASML from a "hold" rating to a "buy" rating in a research report on Saturday, October 17th. Susquehanna restated a "positive" rating on shares of ASML in a research report on Tuesday, June 30th. Argus set a $2,100.00 target price on ASML in a research note on Thursday, July 16th. Finally, Weiss Ratings raised ASML from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 16th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, ASML presently has an average rating of "Moderate Buy" and a consensus target price of $2,079.12.

ASML Price Performance

The company's 50 day moving average price is $1,722.74 and its 200 day moving average price is $1,586.27. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.49. The company has a market cap of $613.16 billion, a price-to-earnings ratio of 39.17, a P/E/G ratio of 0.66 and a beta of 1.77.

ASML (NASDAQ:ASML - Get Free Report) last announced its earnings results on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share (EPS) for the quarter. The business had revenue of $13.27 billion during the quarter. ASML had a net margin of 34.10% and a return on equity of 64.24%. On average, equities research analysts predict that ASML Holding N.V. will post 46.03 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Tuesday, October 27th will be given a dividend of $2.1077 per share. This is a drop from ASML's previous quarterly dividend of $2.1507. The ex-dividend date is Tuesday, October 27th. This represents a $8.43 dividend on an annualized basis and a yield of 0.5%. ASML's dividend payout ratio is currently 17.90%.

Institutional Investors Weigh In On ASML

A number of hedge funds and other institutional investors have recently bought and sold shares of ASML. Baron Wealth Management LLC boosted its stake in shares of 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 last quarter. Whitener Capital Management Inc. grew its holdings 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 acquiring an additional 6 shares in the last quarter. Founders Financial Alliance LLC increased its position in shares of ASML by 2.3% during 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 during the last quarter. Evolution Wealth Management Inc. increased its position in shares of ASML by 22.6% during the first quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company's stock valued at $50,000 after acquiring an additional 7 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT lifted its holdings in ASML by 0.3% during the first quarter. Bradley Foster & Sargent Inc. CT now owns 2,232 shares of the semiconductor company's stock worth $2,948,000 after acquiring an additional 7 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

About ASML

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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