ASML (NASDAQ:ASML) Stock Price Down 1.3% – Here’s Why

ASML Holding N.V. (NASDAQ:ASML) shares were down 1.3% on Monday . The company traded as low as $1,727.57 and last traded at $1,740.13. Approximately 1,000,426 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 1,842,218 shares. The stock had previously closed at $1,763.76.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of ASML in a research note on Tuesday, July 7th. Barclays reissued an “overweight” rating on shares of ASML in a research note on Thursday, July 16th. Wall Street Zen lowered shares of ASML from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Argus set a $2,100.00 price objective on ASML in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada lifted their price objective on ASML from $1,700.00 to $2,000.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,970.33.

ASML Stock Performance

The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. The company has a market cap of $685.94 billion, a P/E ratio of 54.27, a P/E/G ratio of 0.86 and a beta of 1.79. The business has a fifty day moving average of $1,775.96 and a 200 day moving average of $1,585.87.

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

ASML Cuts Dividend

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

Hedge Funds Weigh In On ASML

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cornerstone Financial Management LLC bought a new stake in ASML during the 4th quarter valued at approximately $26,000. NBH Bank bought a new position in shares of ASML in the 2nd quarter worth approximately $26,000. Binnacle Investments Inc lifted its stake in shares of ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 15 shares during the period. Resources Management Corp CT ADV lifted its stake in shares of ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 23 shares during the period. Finally, North Star Investment Management Corp. boosted its position in shares of ASML by 68.8% during the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Company Profile

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.