ASML (NASDAQ:ASML) Trading Down 0.6% – Here’s Why

by · The Cerbat Gem

ASML Holding (NASDAQ:ASMLGet Free Report)’s share price fell 0.6% during mid-day trading on Friday . The stock traded as low as $734.78 and last traded at $738.59. 268,685 shares traded hands during trading, a decline of 85% from the average session volume of 1,760,730 shares. The stock had previously closed at $743.09.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ASML shares. DZ Bank upgraded ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. dropped their price target on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Sanford C. Bernstein dropped their target price on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. Wells Fargo & Company upped their price objective on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, BNP Paribas initiated coverage on ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target on the stock. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $937.00.

View Our Latest Report on ASML

ASML Stock Performance

The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $732.25 and a 200-day moving average of $759.97. The firm has a market capitalization of $290.05 billion, a price-to-earnings ratio of 35.39, a price-to-earnings-growth ratio of 1.64 and a beta of 1.47.

ASML (NASDAQ:ASMLGet Free Report) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 47.73%. On average, equities research analysts forecast that ASML Holding will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, February 19th. Stockholders of record on Tuesday, February 11th were given a dividend of $1.5855 per share. The ex-dividend date was Tuesday, February 11th. This is an increase from ASML’s previous dividend of $1.08. ASML’s payout ratio is presently 31.35%.

Institutional Trading of ASML

A number of institutional investors have recently modified their holdings of ASML. Fairway Wealth LLC bought a new position in shares of ASML in the 3rd quarter valued at $25,000. Kennebec Savings Bank increased its position in ASML by 227.3% in the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 25 shares in the last quarter. Milestone Investment Advisors LLC bought a new stake in ASML during the 3rd quarter worth approximately $28,000. Wellington Shields & Co. LLC boosted its stake in shares of ASML by 740.0% in the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company’s stock worth $29,000 after buying an additional 37 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in ASML in the fourth quarter valued at approximately $31,000. 26.07% of the stock is currently owned by institutional investors.

About ASML

(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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