ASML (NASDAQ:ASML) Stock Falls 1.3% – Time to Sell?
by Teresa Graham · The Cerbat GemASML Holding N.V. (NASDAQ:ASML – Get Free Report) shares dropped 1.3% during mid-day trading on Thursday. The company traded as low as $1,700.88 and last traded at $1,722.50. 1,260,427 shares were traded during trading, a decline of 29% from the average daily volume of 1,774,859 shares. The stock had previously closed at $1,744.61.
More ASML News
Here are the key news stories impacting ASML this week:
- Positive Sentiment: ASML’s High-NA EUV systems are reaching more semiconductor fabs, reinforcing its effective monopoly in the most advanced lithography market. The development supports long-term demand, although investors are also watching installation timing, tool throughput and customers’ returns on these expensive systems. ASML Drops 1.8% as $400 Million High-NA Tools Reach More Fabs
- Positive Sentiment: Investment commentary highlighted ASML as a key beneficiary of the global AI and advanced-chip investment cycle. The company’s irreplaceable EUV technology was cited as a critical supplier to both Taiwan Semiconductor Manufacturing Company (TSM) and other leading-edge chipmakers. The Companies Elon Musk Tried to Kill and Couldn’t Are Your Biggest Opportunities
- Neutral Sentiment: ASML and TSM announced work on 12-inch EUV photomasks for High-NA systems. The initiative could improve scanner productivity and remove manufacturing constraints, but it also underscores TSM’s role as a potential alternative investment for investors seeking semiconductor exposure. Is Taiwan Semiconductor Stock a Better Bet than ASML?
- Neutral Sentiment: With semiconductor earnings season approaching, upcoming results from major chip and technology companies could provide fresh evidence about AI-related capital spending and future demand for ASML’s equipment. Earnings Calendar ETFs: Why Active Has the Edge
- Negative Sentiment: A report claiming ASML is selling no chipmaking machines in Europe raises concerns about regional demand and export restrictions. However, the item provides limited detail, so its effect appears more cautionary than a confirmed change to ASML’s global outlook. ASML Says It’s Selling Zero Chip Machines in Europe
Analysts Set New Price Targets
Several analysts have recently commented on ASML shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a report on Friday, July 10th. Citigroup restated a “buy” rating on shares of ASML in a research report on Friday, July 17th. Weiss Ratings lowered shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 16th. JPMorgan Chase & Co. increased their price target on ASML from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, Barclays reiterated an “overweight” rating on shares of ASML in a research note on Thursday, July 16th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,970.33.
ASML Stock Up 1.2%
The business’s fifty day simple moving average is $1,716.93 and its two-hundred day simple moving average is $1,627.75. The company has a market cap of $685.86 billion, a PE ratio of 54.26, a PEG ratio of 0.87 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.
ASML (NASDAQ:ASML – Get Free Report) 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 business had revenue of $10.62 billion for the quarter. On average, analysts predict that ASML Holding N.V. will post 44.03 earnings per share for the current year.
ASML Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were given a dividend of $2.1507 per share. This is a decrease from ASML’s previous quarterly dividend of $3.1771. This represents a $8.60 dividend on an annualized basis 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
A number of institutional investors and hedge funds have recently made changes to their positions in ASML. Van ECK Associates Corp grew its stake in ASML by 31.7% in the 2nd quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company’s stock valued at $4,892,869,000 after acquiring an additional 592,125 shares during the period. BlackRock Inc. raised its position in ASML by 4.9% during the second quarter. BlackRock Inc. now owns 1,282,190 shares of the semiconductor company’s stock worth $2,550,840,000 after acquiring an additional 59,888 shares during the period. Arrowstreet Capital Limited Partnership raised its position in ASML by 6.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock worth $2,168,227,000 after acquiring an additional 96,860 shares during the period. Bank of America Corp DE lifted its holdings in ASML by 1.2% during the first quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company’s stock valued at $2,060,833,000 after purchasing an additional 19,051 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of ASML by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,033,583 shares of the semiconductor company’s stock valued at $1,364,963,000 after purchasing an additional 18,768 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.
ASML Company Profile
ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment uses light to project intricate circuit patterns onto silicon wafers, an essential step in the production of chips for computers, smartphones, automobiles, data centers and other electronic devices.
The company’s product portfolio includes extreme ultraviolet (EUV) lithography systems, deep ultraviolet (DUV) lithography systems and advanced metrology and inspection technologies.