ASML (NASDAQ:ASML) Stock Price Down 1.8% – Here’s What Happened

ASML Holding N.V. (NASDAQ:ASML) shares were down 1.8% during trading on Tuesday . The stock traded as low as $1,651.21 and last traded at $1,665.14. Approximately 905,083 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 1,813,737 shares. The stock had previously closed at $1,696.01.

Analyst Ratings Changes

A number of research firms have commented on ASML. Zacks Research downgraded shares of ASML from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Weiss Ratings upgraded shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Wells Fargo & Company lifted their price target on shares of ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Morningstar downgraded shares of ASML to a “sell” rating in a research report on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a report on Friday, July 10th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and a consensus target price of $1,970.33.

ASML Stock Down 2.3%

The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $1,756.50 and its 200 day moving average price is $1,598.34. The firm has a market cap of $646.62 billion, a P/E ratio of 51.16, a price-to-earnings-growth ratio of 0.82 and a beta of 1.79.

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

ASML Cuts Dividend

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

Institutional Trading of ASML

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NBH Bank acquired a new stake in ASML during the second quarter valued at approximately $26,000. Field & Main Bank acquired a new position in ASML in the second quarter worth approximately $30,000. Tsfg LLC bought a new position in shares of ASML in the second quarter valued at $44,000. Cornerstone Financial Management LLC acquired a new stake in shares of ASML during the 4th quarter valued at $26,000. Finally, Portus Wealth Advisors LLC acquired a new stake in shares of ASML during the 1st quarter valued at $32,000. 26.07% of the stock is currently owned by institutional investors.

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.