ASML (NASDAQ:ASML) Shares Down 1.5% – What’s Next?

by · The Cerbat Gem

ASML Holding N.V. (NASDAQ:ASML – Get Free Report) dropped 1.5% during trading on Friday . The stock traded as low as $1,051.40 and last traded at $1,059.23. Approximately 1,138,682 shares traded hands during trading, a decline of 33% from the average daily volume of 1,695,362 shares. The stock had previously closed at $1,075.45.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. UBS Group reaffirmed a “buy” rating on shares of ASML in a report on Wednesday, October 15th. Weiss Ratings upgraded ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Morningstar downgraded ASML to a “hold” rating in a research note on Thursday, September 18th. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research report on Thursday, October 16th. Finally, Morgan Stanley raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Monday, September 22nd. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,051.60.

View Our Latest Report on ASML

ASML Stock Performance

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’s fifty day moving average is $924.66 and its 200 day moving average is $803.08. The company has a market cap of $416.58 billion, a PE ratio of 43.11, a price-to-earnings-growth ratio of 1.76 and a beta of 1.87.

ASML (NASDAQ:ASML – Get Free Report) last announced its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The business had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same quarter last year, the business earned $5.28 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, research analysts predict that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Wednesday, October 29th will be paid a $1.857 dividend. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $7.43 annualized dividend and a yield of 0.7%. This is an increase from ASML’s previous quarterly dividend of $1.86. ASML’s dividend payout ratio is currently 25.76%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ASML. Daymark Wealth Partners LLC lifted its stake in shares of ASML by 25.3% in the 2nd quarter. Daymark Wealth Partners LLC now owns 4,664 shares of the semiconductor company’s stock valued at $3,738,000 after purchasing an additional 941 shares during the last quarter. Acadian Asset Management LLC lifted its position in ASML by 97.6% in the first quarter. Acadian Asset Management LLC now owns 153,939 shares of the semiconductor company’s stock valued at $101,978,000 after buying an additional 76,023 shares during the last quarter. Strategic Planning Group LLC increased its position in shares of ASML by 12.5% during the second quarter. Strategic Planning Group LLC now owns 6,552 shares of the semiconductor company’s stock valued at $5,251,000 after acquiring an additional 730 shares during the last quarter. Empowered Funds LLC increased its position in shares of ASML by 5.0% during the first quarter. Empowered Funds LLC now owns 10,928 shares of the semiconductor company’s stock valued at $7,241,000 after acquiring an additional 519 shares during the last quarter. Finally, Gunderson Capital Management Inc. purchased a new stake in shares of ASML in the 2nd quarter valued at approximately $1,702,000. 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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