ASML (NASDAQ:ASML) Shares Down 2.1% – What’s Next?

Shares of ASML Holding N.V. (NASDAQ:ASML) were down 2.1% on Thursday . The stock traded as low as $1,619.34 and last traded at $1,646.19. Approximately 1,252,241 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 1,805,437 shares. The stock had previously closed at $1,682.30.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Berenberg Bank restated a “buy” rating on shares of ASML in a report on Friday, May 8th. Weiss Ratings raised shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a research note on Friday, July 10th. Wells Fargo & Company upped their price objective on shares of ASML from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of ASML in a research note on Tuesday, July 7th. 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 issued a Sell rating to the company. Based on data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and a consensus price target of $1,970.33.

ASML Stock Performance

The business’s fifty day moving average price is $1,756.50 and its 200-day moving average price is $1,598.34. The stock has a market cap of $647.41 billion, a PE ratio of 51.22, a P/E/G ratio of 0.82 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. The company had revenue of $10.62 billion during the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. As a group, equities research analysts forecast that ASML Holding N.V. will post 44.99 EPS for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were given a dividend of $2.1507 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. ASML’s dividend payout ratio is presently 22.62%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Boston Common Asset Management LLC bought a new stake in ASML during the 1st quarter valued at approximately $4,355,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of ASML by 3.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock worth $24,036,000 after acquiring an additional 760 shares in the last quarter. Keudell Morrison Wealth Management bought a new position in shares of ASML during the 4th quarter valued at approximately $1,402,000. Puzo Michael J bought a new position in shares of ASML during the 2nd quarter valued at approximately $1,795,000. Finally, Manning & Napier Advisors LLC grew its holdings in shares of ASML by 364,346.2% in the fourth quarter. Manning & Napier Advisors LLC now owns 94,756 shares of the semiconductor company’s stock valued at $101,592,000 after purchasing an additional 94,730 shares in the last quarter. 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.