ASML (NASDAQ:ASML) Reaches New 52-Week High – Here’s Why

ASML Holding N.V. (NASDAQ:ASMLGet Free Report)’s share price reached a new 52-week high on Friday . The company traded as high as $1,258.23 and last traded at $1,254.8470, with a volume of 761842 shares traded. The stock had previously closed at $1,194.32.

Trending Headlines about ASML

Here are the key news stories impacting ASML this week:

Analyst Ratings Changes

ASML has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research note on Monday, October 13th. New Street Research restated a “neutral” rating on shares of ASML in a report on Monday, October 6th. Weiss Ratings upgraded ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. raised their price target on shares of ASML from $1,175.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,270.67.

Check Out Our Latest Research Report on ASML

ASML Stock Up 6.7%

The firm has a market cap of $500.99 billion, a P/E ratio of 51.85, a P/E/G ratio of 1.89 and a beta of 1.86. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $1,075.08 and a 200-day moving average price of $925.30.

ASML (NASDAQ:ASMLGet Free Report) last released its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping analysts’ consensus estimates of $6.27 by $0.14. The company had revenue of $8.80 billion during the quarter, compared to analyst estimates of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.28 earnings per share. On average, equities analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th were paid a dividend of $1.857 per share. This is a boost from ASML’s previous quarterly dividend of $1.86. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, October 29th. ASML’s payout ratio is 25.80%.

Institutional Trading of ASML

A number of hedge funds have recently bought and sold shares of the stock. BOS Asset Management LLC raised its position in shares of ASML by 2.4% in the 4th quarter. BOS Asset Management LLC now owns 377 shares of the semiconductor company’s stock worth $403,000 after acquiring an additional 9 shares in the last quarter. HBK Sorce Advisory LLC raised its holdings in ASML by 1.0% in the third quarter. HBK Sorce Advisory LLC now owns 1,057 shares of the semiconductor company’s stock worth $1,067,000 after purchasing an additional 10 shares in the last quarter. Albion Financial Group UT lifted its position in shares of ASML by 27.8% during the third quarter. Albion Financial Group UT now owns 46 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 10 shares during the last quarter. Global Assets Advisory LLC boosted its holdings in shares of ASML by 2.3% in the 3rd quarter. Global Assets Advisory LLC now owns 452 shares of the semiconductor company’s stock valued at $438,000 after buying an additional 10 shares in the last quarter. Finally, State of Wyoming grew its position in shares of ASML by 4.2% in the 3rd quarter. State of Wyoming now owns 247 shares of the semiconductor company’s stock worth $239,000 after buying an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Company Profile

(Get Free Report)

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.

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