ASML (NASDAQ:ASML) Stock Price Up 6.2% - Time to Buy?

Key Points

• ASML shares rose 6.2% in Monday midday trading to $1,513.25, with trading volume 25% above average.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $2,204.71; JPMorgan trimmed its target to $2,350 while maintaining an “overweight” rating.
• ASML reported quarterly revenue of $13.27 billion and EPS of $14.71, and reduced its quarterly dividend to $2.1077 per share from $2.1507.

ASML Holding N.V. (NASDAQ:ASML - Get Free Report) rose 6.2% during mid-day trading on Monday. The stock traded as high as $1,525.83 and last traded at $1,513.25. Approximately 2,187,454 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 1,753,134 shares. The stock had previously closed at $1,424.75.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ASML shares. JPMorgan Chase & Co. cut their target price on ASML from $2,400.00 to $2,350.00 and set an "overweight" rating on the stock in a research report on Thursday, October 15th. Cantor Fitzgerald reissued an "overweight" rating on shares of ASML in a research report on Monday, September 14th. Wall Street Zen upgraded ASML from a "hold" rating to a "buy" rating in a research note on Saturday, October 17th. Royal Bank Of Canada restated an "outperform" rating and set a $2,100.00 price target on shares of ASML in a research note on Wednesday, October 7th. Finally, Argus set a $2,100.00 price target on ASML in a research report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $2,204.71.

ASML Stock Up 6.2%

The business has a 50-day simple moving average of $1,677.25 and a two-hundred day simple moving average of $1,599.85. The company has a market capitalization of $583.23 billion, a price-to-earnings ratio of 37.25, a PEG ratio of 0.59 and a beta of 1.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.49.

ASML (NASDAQ:ASML - Get Free Report) last released its earnings results on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share (EPS) for the quarter. ASML had a return on equity of 64.24% and a net margin of 34.10%. The business had revenue of $13.27 billion for the quarter. As a group, equities analysts predict that ASML Holding N.V. will post 46.54 EPS for the current year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Shareholders of record on Tuesday, October 27th were given a dividend of $2.1077 per share. This represents a $8.43 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Tuesday, October 27th. This is a decrease from ASML's previous quarterly dividend of $2.1507. ASML's payout ratio is currently 17.53%.

Institutional Trading of ASML

A number of institutional investors have recently modified their holdings of ASML. NBH Bank purchased a new position in ASML in the second quarter valued at about $26,000. Gilpin Wealth Management LLC boosted its stake in shares of ASML by 275.0% during the 3rd quarter. Gilpin Wealth Management LLC now owns 15 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 11 shares in the last quarter. Quest 10 Wealth Builders Inc. purchased a new stake in shares of ASML during the 3rd quarter worth approximately $27,000. Field & Main Bank acquired a new stake in shares of ASML in the 2nd quarter worth approximately $30,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of ASML in the 3rd quarter worth approximately $36,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

About ASML

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures equipment used to produce semiconductor chips. Its systems are used by chipmakers to create the intricate patterns that form circuits on silicon wafers.

The company's products include extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, along with metrology and inspection equipment, computational lithography software, and related services. ASML also supports customers with system maintenance, upgrades, and technical assistance.

Founded in 1984 as a joint venture between Philips and ASM International, ASML is headquartered in Veldhoven, the Netherlands.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.