ASML (NASDAQ:ASML) Stock Price Down 0.6% – Here’s What Happened

by · The Cerbat Gem

Shares of ASML Holding (NASDAQ:ASML – Get Free Report) were down 0.6% during mid-day trading on Thursday . The company traded as low as $712.00 and last traded at $715.24. Approximately 576,091 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 1,452,135 shares. The stock had previously closed at $719.49.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ASML. JPMorgan Chase & Co. dropped their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company decreased their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Sanford C. Bernstein reduced their price target on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. Finally, Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $943.83.

Check Out Our Latest Analysis on ASML

ASML Stock Performance

The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average price is $697.72 and its two-hundred day moving average price is $841.77. The company has a market cap of $277.63 billion, a P/E ratio of 36.95, a price-to-earnings-growth ratio of 2.07 and a beta of 1.49.

ASML (NASDAQ:ASML – Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The firm had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. As a group, equities analysts forecast that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were given a $1.407 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.80%. ASML’s dividend payout ratio (DPR) is 29.21%.

Hedge Funds Weigh In On ASML

Institutional investors have recently bought and sold shares of the stock. Ameritas Advisory Services LLC increased its position in shares of ASML by 1.4% in the second quarter. Ameritas Advisory Services LLC now owns 844 shares of the semiconductor company’s stock worth $863,000 after acquiring an additional 12 shares in the last quarter. Armstrong Advisory Group Inc. lifted its holdings in shares of ASML by 24.5% in the third quarter. Armstrong Advisory Group Inc. now owns 61 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 12 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of ASML by 23.2% in the second quarter. Capital Advisors Ltd. LLC now owns 69 shares of the semiconductor company’s stock worth $71,000 after buying an additional 13 shares during the period. Strategic Blueprint LLC grew its holdings in shares of ASML by 3.5% during the second quarter. Strategic Blueprint LLC now owns 382 shares of the semiconductor company’s stock valued at $391,000 after buying an additional 13 shares in the last quarter. Finally, Matrix Private Capital Group LLC raised its position in ASML by 5.5% during the second quarter. Matrix Private Capital Group LLC now owns 248 shares of the semiconductor company’s stock valued at $254,000 after buying an additional 13 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

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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