ASML (NASDAQ:ASML) Trading 2.2% Higher – Time to Buy?

ASML Holding N.V. (NASDAQ:ASML)’s stock price rose 2.2% during trading on Monday . The stock traded as high as $1,390.16 and last traded at $1,375.56. Approximately 1,308,890 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 1,877,236 shares. The stock had previously closed at $1,345.69.

Analyst Ratings Changes

ASML has been the topic of a number of recent research reports. Grupo Santander downgraded shares of ASML to an “underperform” rating in a research note on Thursday, January 22nd. Bank of America boosted their price objective on shares of ASML from $1,092.00 to $1,331.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Santander cut ASML from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 22nd. Berenberg Bank reiterated a “buy” rating on shares of ASML in a report on Friday, January 23rd. Finally, Royal Bank Of Canada lifted their price target on ASML from $1,550.00 to $1,625.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,475.00.

ASML Stock Performance

The company has a current ratio of 1.26, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. The stock has a market cap of $532.97 billion, a PE ratio of 52.49, a P/E/G ratio of 1.33 and a beta of 1.88. The business’s 50-day moving average price is $1,386.30 and its 200-day moving average price is $1,139.52.

ASML Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Monday, April 27th will be issued a $3.1771 dividend. This is an increase from ASML’s previous quarterly dividend of $1.88. This represents a $12.71 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, April 27th. ASML’s dividend payout ratio is presently 41.83%.

Institutional Trading of ASML

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Osbon Capital Management LLC purchased a new stake in ASML in the fourth quarter valued at about $218,000. Fund Advisors of America Inc FL purchased a new stake in shares of ASML during the fourth quarter worth about $1,430,000. Bawa N Mallick Trust purchased a new stake in shares of ASML during the fourth quarter worth about $214,000. Meadowbrook Advisors Group LLC acquired a new position in shares of ASML during the fourth quarter valued at about $248,000. Finally, Larry Mathis Financial Planning LLC acquired a new position in shares of ASML during the fourth quarter valued at about $366,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Company Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.