ASML (NASDAQ:ASML) Trading Down 0.1% on Analyst Downgrade

Shares of ASML Holding (NASDAQ:ASML) fell 0.1% during mid-day trading on Thursday after Wells Fargo & Company lowered their price target on the stock from $1,185.00 to $1,000.00. Wells Fargo & Company currently has an overweight rating on the stock. ASML traded as low as $823.79 and last traded at $831.00. 227,749 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 1,253,371 shares. The stock had previously closed at $832.19.

Other analysts have also recently issued research reports about the stock. Susquehanna raised their target price 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 upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. boosted their target price on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Finally, UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,110.80.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. American Capital Advisory LLC purchased a new position in ASML during the 1st quarter valued at about $26,000. Resources Management Corp CT ADV purchased a new stake in ASML in the 2nd quarter valued at approximately $26,000. WD Rutherford LLC acquired a new stake in ASML during the 1st quarter valued at $29,000. Triad Wealth Partners LLC purchased a new position in ASML during the second quarter worth $31,000. Finally, Beaird Harris Wealth Management LLC purchased a new stake in shares of ASML in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Trading Up 0.1 %

The firm has a market cap of $328.69 billion, a price-to-earnings ratio of 42.54, a price-to-earnings-growth ratio of 1.97 and a beta of 1.48. The business has a 50 day moving average of $848.94 and a 200 day moving average of $929.53. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $0.14. The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.37 earnings per share. On average, research analysts forecast that ASML Holding will post 20.38 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were given a $1.8732 dividend. The ex-dividend date of this dividend was Monday, July 29th. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.90%. This is an increase from ASML’s previous quarterly dividend of $1.34. ASML’s payout ratio is currently 28.50%.

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.