ASML (NASDAQ:ASML) Stock Price Down 4.3% – Here’s Why

ASML Holding N.V. (NASDAQ:ASML)’s share price fell 4.3% during mid-day trading on Tuesday . The stock traded as low as $1,775.70 and last traded at $1,802.98. 1,503,055 shares changed hands during trading, a decline of 19% from the average session volume of 1,860,161 shares. The stock had previously closed at $1,883.12.

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of analyst reports. Morningstar lowered shares of ASML to a “sell” rating in a research note on Wednesday, May 27th. Royal Bank Of Canada lifted their target price on shares of ASML from $1,700.00 to $2,000.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. UBS Group restated a “buy” rating on shares of ASML in a report on Wednesday, July 1st. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research report on Monday, June 1st. Finally, Weiss Ratings upgraded ASML from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,970.33.

ASML Trading Up 0.1%

The firm’s 50-day moving average price is $1,785.18 and its 200 day moving average price is $1,576.01. The company has a market cap of $689.34 billion, a price-to-earnings ratio of 54.61, a P/E/G ratio of 0.89 and a beta of 1.79. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09.

ASML (NASDAQ:ASML) last released its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The company had revenue of $10.64 billion for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. As a group, equities analysts expect that ASML Holding N.V. will post 44.85 EPS for the current year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were issued a dividend of $2.1507 per share. The ex-dividend date was Tuesday, July 28th. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. ASML’s dividend payout ratio is currently 22.62%.

Institutional Trading of ASML

Large investors have recently made changes to their positions in the company. Capstone Wealth Management Group LLC increased its holdings in shares of ASML by 5.2% during the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock valued at $1,664,000 after acquiring an additional 124 shares in the last quarter. AQR Capital Management LLC raised its position in shares of ASML by 141.1% during the first quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock worth $4,553,000 after purchasing an additional 4,021 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of ASML by 153.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock worth $11,404,000 after purchasing an additional 10,411 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of ASML by 1.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock worth $936,000 after purchasing an additional 15 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in ASML by 5.2% in the 2nd quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company’s stock valued at $9,122,000 after purchasing an additional 559 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

About ASML

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.