ASML (NASDAQ:ASML) Stock Price Down 1.8% – Here’s Why

ASML Holding (NASDAQ:ASML)’s stock price fell 1.8% during trading on Friday . The company traded as low as $678.88 and last traded at $677.87. 306,811 shares traded hands during trading, a decline of 80% from the average session volume of 1,530,147 shares. The stock had previously closed at $690.63.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ASML. JPMorgan Chase & Co. dropped their price objective on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. DZ Bank upgraded ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. BNP Paribas assumed coverage on shares of ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective on the stock. Finally, Wells Fargo & Company upped their target price on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $937.00.

ASML Stock Down 2.3 %

The firm has a market cap of $265.39 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 1.62 and a beta of 1.54. The company’s 50-day simple moving average is $727.46 and its 200 day simple moving average is $732.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 EPS for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a return on equity of 47.73% and a net margin of 26.78%. Research analysts anticipate that ASML Holding will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 28th will be issued a dividend of $1.5855 per share. The ex-dividend date of this dividend is Monday, April 28th. This is a positive change from ASML’s previous dividend of $1.08. ASML’s dividend payout ratio is presently 31.35%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Steigerwald Gordon & Koch Inc. boosted its stake in shares of ASML by 4.8% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 305 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 14 shares during the period. Cyndeo Wealth Partners LLC boosted its position in shares of ASML by 0.4% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 3,208 shares of the semiconductor company’s stock valued at $2,223,000 after buying an additional 14 shares during the period. Trust Point Inc. raised its holdings in shares of ASML by 2.4% in the fourth quarter. Trust Point Inc. now owns 606 shares of the semiconductor company’s stock worth $420,000 after buying an additional 14 shares during the period. Sunpointe LLC lifted its stake in shares of ASML by 1.3% during the 4th quarter. Sunpointe LLC now owns 1,114 shares of the semiconductor company’s stock worth $772,000 after acquiring an additional 14 shares during the last quarter. Finally, Wealth Quarterback LLC boosted its holdings in ASML by 1.1% during the 4th quarter. Wealth Quarterback LLC now owns 1,331 shares of the semiconductor company’s stock valued at $923,000 after acquiring an additional 15 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Company Profile

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.