ASML (NASDAQ:ASML) Trading Down 1.9% – Should You Sell?

ASML Holding (NASDAQ:ASML)’s share price traded down 1.9% on Tuesday . The company traded as low as $670.53 and last traded at $671.72. 365,891 shares were traded during trading, a decline of 75% from the average session volume of 1,445,973 shares. The stock had previously closed at $684.47.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ASML. Susquehanna lowered their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Wells Fargo & Company decreased their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. decreased their price target 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. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Trading Down 2.0 %

The stock has a market capitalization of $263.91 billion, a PE ratio of 35.17, a PEG ratio of 1.95 and a beta of 1.51. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The business’s 50-day moving average is $742.55 and its two-hundred day moving average is $871.93.

ASML (NASDAQ:ASML) last issued its 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 return on equity of 47.61% and a net margin of 26.40%. The company had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. On average, analysts predict that ASML Holding will post 20.68 earnings per share 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. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.84%. ASML’s dividend payout ratio is currently 29.21%.

Hedge Funds Weigh In On ASML

Institutional investors have recently added to or reduced their stakes in the company. Hilltop National Bank increased its position in shares of ASML by 1.0% during the second quarter. Hilltop National Bank now owns 975 shares of the semiconductor company’s stock worth $997,000 after acquiring an additional 10 shares during the last quarter. Valley National Advisers Inc. increased its holdings in ASML by 1.1% during the 2nd quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company’s stock worth $1,159,000 after purchasing an additional 12 shares during the last quarter. Pure Financial Advisors LLC raised its position in shares of ASML by 2.8% in the 2nd quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock valued at $454,000 after purchasing an additional 12 shares in the last quarter. First Pacific Financial boosted its stake in shares of ASML by 1.1% during the 2nd quarter. First Pacific Financial now owns 1,121 shares of the semiconductor company’s stock valued at $1,146,000 after buying an additional 12 shares during the last quarter. Finally, RMR Wealth Builders grew its position in shares of ASML by 0.6% during the second quarter. RMR Wealth Builders now owns 2,114 shares of the semiconductor company’s stock worth $2,162,000 after buying an additional 12 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

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.