ASML (NASDAQ:ASML) Trading Down 0.5% – What’s Next?

Shares of ASML Holding (NASDAQ:ASML) dropped 0.5% during trading on Tuesday . The company traded as low as $756.25 and last traded at $764.42. Approximately 596,905 shares traded hands during trading, a decline of 56% from the average daily volume of 1,350,834 shares. The stock had previously closed at $768.51.

Analyst Upgrades and Downgrades

Several brokerages have commented on ASML. BNP Paribas assumed coverage on shares of ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 target price for the company. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company decreased their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. JPMorgan Chase & Co. dropped their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Finally, Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, ASML has a consensus rating of “Moderate Buy” and a consensus target price of $943.83.

ASML Stock Down 0.8 %

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The stock has a market cap of $300.06 billion, a price-to-earnings ratio of 39.93, a P/E/G ratio of 2.07 and a beta of 1.47. The business has a fifty day moving average of $695.13 and a 200 day moving average of $813.69.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The business had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. On average, equities analysts predict that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The business also recently disclosed 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. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio is 29.21%.

Institutional Investors Weigh In On ASML

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Resources Management Corp CT ADV bought a new position in shares of ASML in the second quarter valued at approximately $26,000. Fairway Wealth LLC acquired a new position in ASML during the 3rd quarter worth $25,000. Milestone Investment Advisors LLC bought a new stake in ASML during the third quarter valued at about $28,000. Fortitude Family Office LLC increased its stake in shares of ASML by 46.9% in the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 15 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of ASML during the 3rd quarter worth about $43,000. 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.