ASML (NASDAQ:ASML) Shares Down 2% – What’s Next?

ASML Holding N.V. (NASDAQ:ASML) traded down 2% during trading on Wednesday . The company traded as low as $1,671.75 and last traded at $1,678.22. 1,214,691 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 1,898,103 shares. The stock had previously closed at $1,711.89.

Analyst Upgrades and Downgrades

ASML has been the subject of a number of recent analyst reports. DZ Bank upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Citigroup restated a “buy” rating on shares of ASML in a report on Friday, July 17th. Susquehanna reaffirmed a “positive” rating on shares of ASML in a research report on Tuesday, June 30th. Berenberg Bank reiterated a “buy” rating on shares of ASML in a report on Friday, May 8th. Finally, Zacks Research cut ASML from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,970.33.

ASML Price Performance

The company has a market capitalization of $660.01 billion, a PE ratio of 52.22, a price-to-earnings-growth ratio of 0.82 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. The stock’s 50 day simple moving average is $1,763.99 and its 200-day simple moving average is $1,545.51.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. The business had revenue of $10.64 billion during the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. As a group, equities analysts forecast that ASML Holding N.V. will post 44.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th will be given a $2.1507 dividend. This represents a $8.60 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, July 28th. ASML’s dividend payout ratio (DPR) is currently 22.62%.

Institutional Trading of ASML

Large investors have recently modified their holdings of the stock. Gryphon Financial Partners LLC grew its stake in ASML by 11.3% during the 2nd quarter. Gryphon Financial Partners LLC now owns 977 shares of the semiconductor company’s stock worth $1,944,000 after purchasing an additional 99 shares in the last quarter. KBC Group NV boosted its stake in shares of ASML by 12.5% in the 2nd quarter. KBC Group NV now owns 144 shares of the semiconductor company’s stock valued at $286,000 after buying an additional 16 shares during the period. Montag A & Associates Inc. grew its position in shares of ASML by 9.4% during the second quarter. Montag A & Associates Inc. now owns 4,313 shares of the semiconductor company’s stock worth $8,580,000 after buying an additional 371 shares in the last quarter. Aspiring Ventures LLC grew its position in shares of ASML by 1.4% during the second quarter. Aspiring Ventures LLC now owns 5,536 shares of the semiconductor company’s stock worth $11,014,000 after buying an additional 74 shares in the last quarter. Finally, PDS Planning Inc increased its stake in shares of ASML by 9.4% during the second quarter. PDS Planning Inc now owns 1,856 shares of the semiconductor company’s stock worth $3,692,000 after buying an additional 160 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Company Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.