ASML (NASDAQ:ASML) Trading Down 0.4%

ASML Holding (NASDAQ:ASML)’s stock price fell 0.4% on Wednesday . The stock traded as low as $897.63 and last traded at $898.04. 274,299 shares were traded during mid-day trading, a decline of 78% from the average session volume of 1,236,004 shares. The stock had previously closed at $901.57.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ASML shares. Susquehanna boosted their price target on shares of ASML from $830.00 to $1,100.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Evercore ISI started coverage on shares of ASML in a research report on Tuesday, April 16th. They set an “outperform” rating on the stock. Wells Fargo & Company boosted their price target on shares of ASML from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Sanford C. Bernstein dropped their price target on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research report on Friday, April 12th. Finally, Raymond James boosted their price target on shares of ASML from $850.00 to $1,000.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 25th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,036.00.

ASML Stock Performance

The firm’s 50-day moving average price is $955.81 and its two-hundred day moving average price is $802.24. The firm has a market capitalization of $361.67 billion, a PE ratio of 46.09, a P/E/G ratio of 2.22 and a beta of 1.48. The company has a quick ratio of 0.88, a current ratio of 1.54 and a debt-to-equity ratio of 0.33.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, January 24th. The semiconductor company reported $5.60 earnings per share for the quarter, topping the consensus estimate of $5.12 by $0.48. The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.34 billion. ASML had a net margin of 27.23% and a return on equity of 56.99%. As a group, research analysts predict that ASML Holding will post 20.04 earnings per share for the current fiscal year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th will be given a $1.343 dividend. This represents a $5.37 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Friday, April 26th. ASML’s dividend payout ratio (DPR) is currently 27.02%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASML. Carmel Capital Partners LLC grew its position in ASML by 200.0% during the third quarter. Carmel Capital Partners LLC now owns 45 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 30 shares in the last quarter. Addison Advisors LLC grew its position in ASML by 220.0% during the third quarter. Addison Advisors LLC now owns 48 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 33 shares in the last quarter. WD Rutherford LLC purchased a new position in ASML during the first quarter valued at approximately $29,000. Beaird Harris Wealth Management LLC purchased a new position in ASML during the fourth quarter valued at approximately $34,000. Finally, Creative Financial Designs Inc. ADV grew its position in ASML by 48.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 15 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

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.