ASML (NASDAQ:ASML) Shares Down 0.6% – What’s Next?

ASML Holding (NASDAQ:ASML) fell 0.6% during trading on Thursday . The stock traded as low as $712.00 and last traded at $715.24. 576,091 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 1,452,135 shares. The stock had previously closed at $719.49.

Analyst Ratings Changes

ASML has been the topic of several analyst reports. BNP Paribas initiated coverage on ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price target on the stock. JPMorgan Chase & Co. decreased their target price on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Wells Fargo & Company cut their price target on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Susquehanna lowered their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $943.83.

ASML Trading Down 0.5 %

The stock has a 50 day moving average of $702.89 and a 200 day moving average of $844.50. 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 firm has a market cap of $281.56 billion, a P/E ratio of 37.47, a PEG ratio of 2.07 and a beta of 1.49.

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

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were paid a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is 29.21%.

Institutional Investors Weigh In On ASML

A number of large investors have recently made changes to their positions in ASML. Ameritas Advisory Services LLC boosted its holdings in ASML by 1.4% in the second quarter. Ameritas Advisory Services LLC now owns 844 shares of the semiconductor company’s stock valued at $863,000 after acquiring an additional 12 shares in the last quarter. Armstrong Advisory Group Inc. lifted its holdings in ASML by 24.5% in the third quarter. Armstrong Advisory Group Inc. now owns 61 shares of the semiconductor company’s stock worth $51,000 after buying an additional 12 shares during the period. Capital Advisors Ltd. LLC grew its holdings in shares of ASML by 23.2% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 69 shares of the semiconductor company’s stock worth $71,000 after acquiring an additional 13 shares during the period. Strategic Blueprint LLC lifted its stake in shares of ASML by 3.5% in the 2nd quarter. Strategic Blueprint LLC now owns 382 shares of the semiconductor company’s stock valued at $391,000 after purchasing an additional 13 shares during the period. Finally, Matrix Private Capital Group LLC grew its stake in ASML by 5.5% in the second quarter. Matrix Private Capital Group LLC now owns 248 shares of the semiconductor company’s stock worth $254,000 after purchasing an additional 13 shares during the period. 26.07% of the stock is currently owned by 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.