ASML (NASDAQ:ASML) Stock Falls 1.2% – Should You Sell?

Shares of ASML Holding N.V. (NASDAQ:ASML) traded down 1.2% on Wednesday. The stock traded as low as $1,808.96 and last traded at $1,811.67. 1,194,485 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 1,763,795 shares. The stock had previously closed at $1,834.39.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Argus set a $2,100.00 price target on ASML in a research report on Thursday, July 16th. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research note on Thursday, June 11th. Barclays reaffirmed an “overweight” rating on shares of ASML in a report on Thursday, July 16th. Wall Street Zen downgraded shares of ASML from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Sanford C. Bernstein upped their price target on ASML from $1,971.00 to $2,623.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and an average price target of $1,970.33.

ASML Price Performance

The company’s 50 day moving average is $1,718.54 and its 200-day moving average is $1,642.04. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. The stock has a market cap of $711.24 billion, a PE ratio of 56.27, a P/E/G ratio of 0.92 and a beta of 1.77.

ASML (NASDAQ:ASML) last posted its quarterly 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 company had revenue of $10.62 billion for the quarter. As a group, sell-side analysts predict that ASML Holding N.V. will post 44.01 earnings per share for the current year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were issued a dividend of $2.1507 per share. The ex-dividend date was Tuesday, July 28th. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. This is a negative change from ASML’s previous quarterly dividend of $3.1771. ASML’s dividend payout ratio is presently 22.62%.

Institutional Investors Weigh In On ASML

Large investors have recently added to or reduced their stakes in the stock. Stonebridge Financial Group LLC increased its position in ASML by 12.4% in the 3rd quarter. Stonebridge Financial Group LLC now owns 145 shares of the semiconductor company’s stock worth $263,000 after buying an additional 16 shares during the period. Marathon Mission Inc. boosted its stake in ASML by 3.5% in the 3rd quarter. Marathon Mission Inc. now owns 599 shares of the semiconductor company’s stock valued at $1,085,000 after buying an additional 20 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in shares of ASML by 12.5% in the 2nd quarter. QRG Capital Management Inc. now owns 26,167 shares of the semiconductor company’s stock worth $52,057,000 after acquiring an additional 2,913 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in ASML by 18.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,337 shares of the semiconductor company’s stock valued at $8,628,000 after purchasing an additional 665 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of ASML by 6.5% in the second quarter. Envestnet Asset Management Inc. now owns 440,721 shares of the semiconductor company’s stock valued at $876,783,000 after buying an additional 27,021 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Company Profile

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures advanced lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment projects patterns onto silicon wafers, enabling the creation of increasingly smaller and more powerful semiconductor features.

ASML’s product portfolio includes extreme ultraviolet (EUV) lithography systems, deep ultraviolet (DUV) lithography systems, and related metrology and inspection solutions.