ASML (NASDAQ:ASML) Trading Down 5.6% – Should You Sell?

by · The Cerbat Gem

Shares of ASML Holding N.V. (NASDAQ:ASML – Get Free Report) traded down 5.6% during trading on Wednesday . The stock traded as low as $1,010.01 and last traded at $1,015.43. 2,129,415 shares traded hands during mid-day trading, an increase of 28% from the average session volume of 1,659,685 shares. The stock had previously closed at $1,076.05.

Analysts Set New Price Targets

ASML has been the topic of a number of recent analyst reports. Barclays reissued a “neutral” rating on shares of ASML in a research note on Wednesday. HSBC reiterated a “buy” rating on shares of ASML in a research report on Friday, October 17th. Bank Degroof cut ASML to a “hold” rating in a report on Friday, October 10th. Rothschild & Co Redburn raised shares of ASML from a “neutral” rating to a “buy” rating in a research note on Friday, November 7th. Finally, Weiss Ratings raised shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,171.83.

Check Out Our Latest Research Report on ASML

ASML Stock Down 5.6%

The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $399.35 billion, a price-to-earnings ratio of 41.33, a price-to-earnings-growth ratio of 1.69 and a beta of 1.87. The firm has a 50 day moving average price of $1,042.29 and a two-hundred day moving average price of $882.49.

ASML (NASDAQ:ASML – Get Free Report) last posted its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.27 by $0.14. The firm had revenue of $8.80 billion during the quarter, compared to the consensus estimate of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.28 EPS. On average, equities analysts expect that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th were paid a $1.857 dividend. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from ASML’s previous quarterly dividend of $1.86. ASML’s payout ratio is 25.80%.

Institutional Trading of ASML

Institutional investors have recently added to or reduced their stakes in the business. Capstone Wealth Management Group LLC grew its stake in shares of ASML by 5.2% in the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock valued at $1,664,000 after buying an additional 124 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in ASML by 4.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 56,006 shares of the semiconductor company’s stock valued at $37,111,000 after acquiring an additional 2,179 shares in the last quarter. Nuveen LLC purchased a new stake in shares of ASML during the first quarter valued at approximately $1,376,000. Kovitz Investment Group Partners LLC lifted its position in shares of ASML by 130.5% during the first quarter. Kovitz Investment Group Partners LLC now owns 2,727 shares of the semiconductor company’s stock worth $1,807,000 after purchasing an additional 1,544 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of ASML by 3.4% during the first quarter. Northern Trust Corp now owns 690,566 shares of the semiconductor company’s stock worth $457,590,000 after purchasing an additional 22,541 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Company Profile

(Get Free Report)

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.

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