ASML (NASDAQ:ASML) Stock Price Down 0.1% – Here’s What Happened

ASML Holding (NASDAQ:ASML) shares were down 0.1% on Friday . The stock traded as low as $735.40 and last traded at $743.47. Approximately 562,219 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 1,349,582 shares. The stock had previously closed at $743.98.

Analysts Set New Price Targets

Several analysts have recently issued reports on ASML shares. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Wells Fargo & Company dropped their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Susquehanna lowered their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Sanford C. Bernstein cut their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $943.83.

ASML Price Performance

The firm has a market cap of $292.63 billion, a P/E ratio of 38.94, a price-to-earnings-growth ratio of 2.07 and a beta of 1.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The firm’s 50 day moving average is $698.61 and its 200 day moving average is $810.78.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.24 by $0.56. The company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. As a group, analysts anticipate 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. Stockholders of record on Tuesday, October 29th were given a $1.407 dividend. This represents a $5.63 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio is presently 29.21%.

Institutional Investors Weigh In On ASML

Institutional investors and hedge funds have recently made changes to their positions in the company. Fairway Wealth LLC bought a new position in ASML during the 3rd quarter valued at about $25,000. Resources Management Corp CT ADV purchased a new position in shares of ASML during the second quarter valued at approximately $26,000. Milestone Investment Advisors LLC bought a new position in ASML during the third quarter valued at approximately $28,000. Fortitude Family Office LLC boosted its holdings in ASML by 46.9% in the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 15 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in ASML in the 3rd quarter worth approximately $43,000. 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.