ASML (NASDAQ:ASML) Shares Up 0.8% – Still a Buy?

ASML Holding (NASDAQ:ASML)’s share price traded up 0.8% during mid-day trading on Wednesday . The stock traded as high as $716.35 and last traded at $710.56. 351,478 shares were traded during trading, a decline of 76% from the average session volume of 1,449,695 shares. The stock had previously closed at $705.27.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Susquehanna dropped their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Sanford C. Bernstein reduced their price target on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $943.83.

ASML Trading Up 0.8 %

The firm has a market capitalization of $282.70 billion, a price-to-earnings ratio of 37.77, a P/E/G ratio of 2.07 and a beta of 1.49. The business has a 50 day moving average of $711.39 and a two-hundred day moving average of $852.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The firm had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. Equities analysts predict that ASML Holding will post 20.68 EPS for the current year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were issued a $1.407 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.78%. ASML’s dividend payout ratio is presently 29.21%.

Institutional Investors Weigh In On ASML

Several institutional investors have recently bought and sold shares of ASML. First Pacific Financial grew its stake in shares of ASML by 1.1% in the 2nd quarter. First Pacific Financial now owns 1,121 shares of the semiconductor company’s stock worth $1,146,000 after acquiring an additional 12 shares in the last quarter. Pure Financial Advisors LLC grew its position in ASML by 2.8% in the 2nd quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock worth $454,000 after purchasing an additional 12 shares in the last quarter. RMR Wealth Builders increased its stake in ASML by 0.6% in the 2nd quarter. RMR Wealth Builders now owns 2,114 shares of the semiconductor company’s stock valued at $2,162,000 after buying an additional 12 shares during the last quarter. Ameritas Advisory Services LLC lifted its position in shares of ASML by 1.4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 844 shares of the semiconductor company’s stock worth $863,000 after buying an additional 12 shares in the last quarter. Finally, Armstrong Advisory Group Inc. boosted its stake in shares of ASML by 24.5% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 61 shares of the semiconductor company’s stock worth $51,000 after buying an additional 12 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.