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

Shares of ASML Holding (NASDAQ:ASML) traded down 1.5% during mid-day trading on Friday . The company traded as low as $665.12 and last traded at $667.38. 398,041 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 1,409,276 shares. The stock had previously closed at $677.21.

Wall Street Analyst Weigh In

ASML has been the subject of several recent research reports. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Wells Fargo & Company cut their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Finally, Susquehanna cut their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Price Performance

The stock has a market capitalization of $263.26 billion, a price-to-earnings ratio of 34.94, a P/E/G ratio of 1.94 and a beta of 1.51. The business has a 50-day simple moving average of $780.47 and a two-hundred day simple moving average of $892.54. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last announced its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The business had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. As a group, research analysts predict that ASML Holding will post 20.76 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were given a dividend of $1.407 per share. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.84%. ASML’s dividend payout ratio (DPR) is 29.21%.

Hedge Funds Weigh In On ASML

Large investors have recently made changes to their positions in the business. Fairway Wealth LLC bought a new position in shares of ASML during the 3rd quarter valued at about $25,000. Resources Management Corp CT ADV bought a new position in shares of ASML during the 2nd quarter valued at about $26,000. Milestone Investment Advisors LLC bought a new position in shares of ASML during the 3rd quarter valued at about $28,000. Triad Wealth Partners LLC bought a new position in shares of ASML during the 2nd quarter valued at about $31,000. Finally, First Community Trust NA bought a new position in shares of ASML during the 2nd quarter valued at about $34,000. Institutional investors own 26.07% of the company’s stock.

About ASML

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.