ASML (NASDAQ:ASML) Sets New 1-Year High at $1,110.09

ASML Holding (NASDAQ:ASML) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $1,110.09 and last traded at $1,089.69, with a volume of 155607 shares traded. The stock had previously closed at $1,098.95.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Sanford C. Bernstein lowered their price target on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research note on Friday, April 12th. Finally, Evercore ISI began coverage on shares of ASML in a research note on Tuesday, April 16th. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,043.00.

ASML Trading Down 0.5 %

The stock has a market capitalization of $431.65 billion, a P/E ratio of 56.36, a P/E/G ratio of 2.28 and a beta of 1.49. The firm’s 50 day moving average price is $992.65 and its 200 day moving average price is $925.79. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 0.88.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.54. ASML had a net margin of 27.23% and a return on equity of 56.99%. The company had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.73 billion. As a group, equities research analysts expect that ASML Holding will post 20.12 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Monday, April 29th were given a dividend of $1.343 per share. This represents a $5.37 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Friday, April 26th. ASML’s dividend payout ratio is currently 32.53%.

Hedge Funds Weigh In On ASML

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fisher Asset Management LLC grew its holdings in ASML by 2.2% in the fourth quarter. Fisher Asset Management LLC now owns 4,977,359 shares of the semiconductor company’s stock worth $3,767,464,000 after purchasing an additional 105,196 shares during the period. Jennison Associates LLC lifted its stake in shares of ASML by 50.0% in the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after buying an additional 572,996 shares in the last quarter. GQG Partners LLC lifted its stake in shares of ASML by 21.6% in the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after buying an additional 294,784 shares in the last quarter. Sands Capital Management LLC lifted its stake in shares of ASML by 8.1% in the fourth quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock worth $1,224,002,000 after buying an additional 121,847 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in shares of ASML by 2.7% in the fourth quarter. Clearbridge Investments LLC now owns 1,247,197 shares of the semiconductor company’s stock worth $944,028,000 after buying an additional 32,623 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

About ASML

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.