ASML (NASDAQ:ASML) Stock Price Down 1.1%

ASML Holding (NASDAQ:ASML) traded down 1.1% during trading on Friday . The company traded as low as $842.39 and last traded at $843.34. 270,607 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 1,258,081 shares. The stock had previously closed at $852.44.

Analyst Upgrades and Downgrades

ASML has been the subject of several analyst reports. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. boosted their price objective on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Wells Fargo & Company increased their target price on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Finally, Susquehanna raised their price objective on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research note on Thursday, July 11th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,147.80.

ASML Stock Performance

The stock has a fifty day simple moving average of $856.91 and a 200-day simple moving average of $934.82. The stock has a market cap of $331.44 billion, a P/E ratio of 43.07, a PEG ratio of 1.97 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. The business had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. ASML’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $5.37 EPS. On average, equities analysts expect that ASML Holding will post 20.38 earnings per share for the current year.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were issued a $1.8732 dividend. This represents a $7.49 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Monday, July 29th. This is an increase from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio is presently 28.55%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. American Capital Advisory LLC bought a new stake in ASML in the 1st quarter valued at $26,000. Resources Management Corp CT ADV bought a new stake in shares of ASML during the 2nd quarter worth about $26,000. WD Rutherford LLC bought a new position in shares of ASML during the first quarter worth approximately $29,000. Triad Wealth Partners LLC acquired a new stake in shares of ASML during the second quarter worth $31,000. Finally, Beaird Harris Wealth Management LLC bought a new stake in ASML in the 4th quarter valued at about $34,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.