ASML (NASDAQ:ASML) Stock Price Down 2.1% – Time to Sell?

ASML Holding N.V. (NASDAQ:ASML)’s share price traded down 2.1% during mid-day trading on Thursday . The stock traded as low as $1,619.34 and last traded at $1,646.19. Approximately 1,252,241 shares traded hands during trading, a decline of 31% from the average daily volume of 1,805,437 shares. The stock had previously closed at $1,682.30.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ASML. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research note on Friday, May 8th. Argus set a $2,100.00 price target on shares of ASML in a research note on Thursday, July 16th. Weiss Ratings upgraded ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Susquehanna reaffirmed a “positive” rating on shares of ASML in a report on Tuesday, June 30th. Finally, Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research report on Monday, June 1st. 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 issued a Sell rating to the company. According to MarketBeat, ASML has an average rating of “Moderate Buy” and an average price target of $1,970.33.

ASML Price Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. The company has a market capitalization of $674.43 billion, a P/E ratio of 53.36, a P/E/G ratio of 0.81 and a beta of 1.79. The firm’s fifty day moving average is $1,751.00 and its 200 day moving average is $1,600.83.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. The company had revenue of $10.62 billion for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. As a group, analysts predict that ASML Holding N.V. will post 44.99 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were paid a $2.1507 dividend. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. ASML’s payout ratio is 22.62%.

Institutional Trading of ASML

Institutional investors have recently made changes to their positions in the business. Capstone Wealth Management Group LLC grew its position in ASML by 5.2% during the 1st quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock worth $1,664,000 after purchasing an additional 124 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of ASML by 141.1% in the 1st quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock valued at $4,553,000 after purchasing an additional 4,021 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in 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 during the period. Sivia Capital Partners LLC raised its holdings in 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 during the period. Finally, NewEdge Advisors LLC boosted its position in ASML by 5.2% during the second quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company’s stock worth $9,122,000 after purchasing an additional 559 shares in the last quarter. Institutional investors and hedge funds 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.