ASML (NASDAQ:ASML) Trading Down 1.5% – Here’s Why

ASML Holding N.V. (NASDAQ:ASML) shares fell 1.5% during mid-day trading on Friday . The stock traded as low as $946.11 and last traded at $966.57. 2,480,502 shares traded hands during trading, an increase of 48% from the average session volume of 1,678,497 shares. The stock had previously closed at $981.04.

Analyst Ratings Changes

A number of analysts recently commented on ASML shares. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ASML in a research note on Tuesday. Redburn Partners set a $1,200.00 target price on shares of ASML in a research report on Friday, November 7th. Bank Degroof lowered shares of ASML to a “hold” rating in a research note on Friday, October 10th. Zacks Research upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Finally, Barclays restated an “overweight” rating on shares of ASML in a report on Tuesday, September 30th. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and a consensus price target of $1,076.33.

ASML Stock Performance

The company has a market capitalization of $380.14 billion, a P/E ratio of 39.34, a price-to-earnings-growth ratio of 1.76 and a beta of 1.88. The company’s 50 day moving average is $997.14 and its 200-day moving average is $837.81. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, topping 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 in the previous year, the firm posted $5.28 earnings per share. ASML’s quarterly revenue was up .7% on a year-over-year basis. Equities analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Wednesday, October 29th were given a dividend of $1.857 per share. This is a boost from ASML’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $7.43 dividend on an annualized basis and a yield of 0.8%. ASML’s dividend payout ratio is 25.76%.

Institutional Investors Weigh In On ASML

Institutional investors have recently modified their holdings of the stock. Daymark Wealth Partners LLC boosted 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 worth $3,738,000 after buying an additional 941 shares during the last quarter. Acadian Asset Management LLC lifted its holdings 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 acquiring an additional 76,023 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in ASML by 6.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 18,899 shares of the semiconductor company’s stock worth $15,153,000 after purchasing an additional 1,225 shares during the last quarter. Soltis Investment Advisors LLC boosted its position in ASML by 67.9% in the second quarter. Soltis Investment Advisors LLC now owns 4,199 shares of the semiconductor company’s stock worth $3,365,000 after purchasing an additional 1,698 shares during the last quarter. Finally, Strategic Planning Group LLC grew its stake in shares of ASML by 12.5% during the 2nd quarter. Strategic Planning Group LLC now owns 6,552 shares of the semiconductor company’s stock valued at $5,251,000 after purchasing an additional 730 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

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.