ASML (NASDAQ:ASML) Trading Down 3.3%

ASML Holding (NASDAQ:ASML) was down 3.3% during mid-day trading on Wednesday . The company traded as low as $801.11 and last traded at $817.60. Approximately 1,016,357 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 1,222,758 shares. The stock had previously closed at $845.39.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Susquehanna increased their price target on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research note on Thursday, July 11th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Wells Fargo & Company boosted their target price on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, ASML has an average rating of “Moderate Buy” and a consensus price target of $1,147.80.

ASML Stock Down 3.6 %

The company has a market capitalization of $321.42 billion, a P/E ratio of 41.76, a P/E/G ratio of 1.91 and a beta of 1.49. The business’s fifty day moving average price is $939.95 and its 200 day moving average price is $953.83. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The firm had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6 billion. During the same period in the prior year, the company posted $5.37 earnings per share. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, equities research analysts predict that ASML Holding will post 20.3 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a dividend of $1.8732 per share. This represents a $7.49 dividend on an annualized basis and a yield of 0.92%. This is a boost from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, July 29th. ASML’s dividend payout ratio (DPR) is currently 28.55%.

Institutional Trading of ASML

Several large investors have recently made changes to their positions in the business. American Capital Advisory LLC acquired a new stake in shares of ASML in the 1st quarter valued at $26,000. Resources Management Corp CT ADV bought a new stake in ASML in the second quarter valued at approximately $26,000. WD Rutherford LLC bought a new position in shares of ASML during the first quarter worth $29,000. Triad Wealth Partners LLC acquired a new position in shares of ASML in the 2nd quarter valued at $31,000. Finally, Beaird Harris Wealth Management LLC bought a new stake in shares of ASML in the 4th quarter valued at $34,000. 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.