ASML (NASDAQ:ASML) Trading Down 1.8% – Should You Sell?

ASML Holding (NASDAQ:ASML)’s share price was down 1.8% on Thursday . The company traded as low as $821.50 and last traded at $830.32. Approximately 339,058 shares changed hands during trading, a decline of 73% from the average daily volume of 1,245,726 shares. The stock had previously closed at $845.90.

Analyst Ratings Changes

ASML has been the subject of several research analyst reports. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Wells Fargo & Company dropped their target price on ASML from $1,185.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Finally, Susquehanna raised their price target on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,111.80.

ASML Trading Down 1.5 %

The stock has a fifty day simple moving average of $845.34 and a 200 day simple moving average of $926.19. The firm has a market capitalization of $328.85 billion, a P/E ratio of 42.41, a PEG ratio of 1.97 and a beta of 1.48. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping 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 net margin of 26.50% and a return on equity of 49.93%. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period last year, the company posted $5.37 earnings per share. As a group, research analysts forecast that ASML Holding will post 20.38 EPS for the current year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were given a $1.8732 dividend. This is a positive change from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, July 29th. This represents a $7.49 annualized dividend and a dividend yield of 0.90%. ASML’s dividend payout ratio (DPR) is 28.50%.

Institutional Investors Weigh In On ASML

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASML. Icon Wealth Advisors LLC acquired a new stake in ASML during the 4th quarter worth $504,000. LM Advisors LLC purchased a new stake in ASML during the 4th quarter worth $221,000. Lone Pine Capital LLC increased its position in shares of ASML by 13.0% in the 4th quarter. Lone Pine Capital LLC now owns 429,798 shares of the semiconductor company’s stock worth $325,323,000 after purchasing an additional 49,318 shares during the last quarter. Kingfisher Capital LLC acquired a new stake in shares of ASML during the fourth quarter worth $1,445,000. Finally, Greenwich Investment Management Inc. acquired a new position in ASML during the 4th quarter valued at approximately $207,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

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.