ASML (NASDAQ:ASML) Stock Price Up 0% – Time to Buy?

ASML Holding (NASDAQ:ASML)’s stock price traded up 0% during mid-day trading on Thursday . The company traded as high as $661.83 and last traded at $658.62. 729,115 shares were traded during trading, a decline of 49% from the average session volume of 1,441,452 shares. The stock had previously closed at $658.43.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Sanford C. Bernstein reduced their price objective on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. reduced their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and an average target price of $970.60.

ASML Stock Up 1.3 %

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The stock has a 50 day moving average price of $750.39 and a 200 day moving average price of $877.18. The company has a market cap of $262.38 billion, a P/E ratio of 34.48, a P/E/G ratio of 1.92 and a beta of 1.51.

ASML (NASDAQ:ASML) last announced its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The company had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. Research analysts expect that ASML Holding will post 20.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were issued a dividend of $1.407 per share. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.84%. ASML’s dividend payout ratio is currently 29.21%.

Institutional Investors Weigh In On ASML

A number of institutional investors have recently bought and sold shares of ASML. Hilltop National Bank lifted its stake in shares of ASML by 1.0% in the 2nd quarter. Hilltop National Bank now owns 975 shares of the semiconductor company’s stock valued at $997,000 after purchasing an additional 10 shares during the last quarter. Valley National Advisers Inc. lifted its holdings in ASML by 1.1% in the 2nd quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company’s stock worth $1,159,000 after purchasing an additional 12 shares during the last quarter. Pure Financial Advisors LLC boosted its position in ASML by 2.8% during the second quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock worth $454,000 after purchasing an additional 12 shares during the period. First Pacific Financial boosted its holdings in ASML by 1.1% in the 2nd quarter. First Pacific Financial now owns 1,121 shares of the semiconductor company’s stock valued at $1,146,000 after purchasing an additional 12 shares during the period. Finally, RMR Wealth Builders increased its holdings in shares of ASML by 0.6% during the 2nd quarter. RMR Wealth Builders now owns 2,114 shares of the semiconductor company’s stock worth $2,162,000 after purchasing an additional 12 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.