ASML (NASDAQ:ASML) Trading 1.9% Higher - What's Next?

Key Points

• ASML shares rose 1.9% to $1,711.32, although trading volume was 27% below the average session level.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $1,970.33; Bank of America recently raised its target to $2,345.
• ASML reported quarterly revenue of $10.62 billion and EPS of $8.65, while paying a $2.1507 quarterly dividend, equivalent to a 0.5% annualized yield.

ASML Holding N.V. (NASDAQ:ASML - Get Free Report) shot up 1.9% on Monday . The company traded as high as $1,722.33 and last traded at $1,711.32. 1,307,881 shares were traded during trading, a decline of 27% from the average session volume of 1,783,005 shares. The stock had previously closed at $1,679.92.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ASML shares. The Goldman Sachs Group reiterated a "buy" rating on shares of ASML in a report on Thursday, June 11th. Bank of America raised their price objective on ASML from $2,268.00 to $2,345.00 and gave the company a "buy" rating in a research report on Monday, June 22nd. Wall Street Zen cut ASML from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Susquehanna reissued a "positive" rating on shares of ASML in a report on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of ASML in a report on Friday, July 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, ASML currently has an average rating of "Moderate Buy" and a consensus price target of $1,970.33.

ASML Stock Up 1.9%

The company has a market cap of $673.03 billion, a P/E ratio of 53.25, a P/E/G ratio of 0.85 and a beta of 1.79. The company's 50-day moving average is $1,720.54 and its two-hundred day moving average is $1,616.34. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The business had revenue of $10.62 billion for the quarter. As a group, equities analysts predict that ASML Holding N.V. will post 44.1 earnings per share for the current fiscal year.

ASML Cuts Dividend

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

Institutional Investors Weigh In On ASML

A number of large investors have recently made changes to their positions in ASML. Van ECK Associates Corp grew its position in ASML by 31.7% during the second quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company's stock valued at $4,892,869,000 after buying an additional 592,125 shares during the period. Fisher Asset Management LLC increased its holdings in ASML by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company's stock valued at $4,798,268,000 after buying an additional 132,353 shares during the last quarter. BlackRock Inc. raised its position in ASML by 4.9% in the second quarter. BlackRock Inc. now owns 1,282,190 shares of the semiconductor company's stock worth $2,550,840,000 after acquiring an additional 59,888 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of ASML by 6.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company's stock worth $2,168,227,000 after acquiring an additional 96,860 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of ASML by 1.2% during the 1st quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company's stock worth $2,060,833,000 after acquiring an additional 19,051 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

About ASML

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.

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.