ASML (NASDAQ:ASML) Shares Down 0.1% – Here’s Why

ASML Holding (NASDAQ:ASML) shares dropped 0.1% on Tuesday . The company traded as low as $659.71 and last traded at $664.80. Approximately 322,457 shares were traded during trading, a decline of 78% from the average daily volume of 1,438,168 shares. The stock had previously closed at $665.23.

Wall Street Analysts Forecast Growth

ASML has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Sanford C. Bernstein dropped their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Wells Fargo & Company reduced their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Finally, Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Stock Down 0.6 %

The company has a market capitalization of $260.21 billion, a PE ratio of 34.32, a PEG ratio of 1.90 and a beta of 1.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The stock’s 50 day moving average is $755.01 and its 200 day moving average is $880.41.

ASML (NASDAQ:ASML) last issued its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The business had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. On average, sell-side analysts anticipate that ASML Holding will post 20.77 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were issued a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio is currently 29.21%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fisher Asset Management LLC grew its position in ASML by 1.0% during the third quarter. Fisher Asset Management LLC now owns 3,186,222 shares of the semiconductor company’s stock valued at $2,654,921,000 after acquiring an additional 31,879 shares during the last quarter. Edgewood Management LLC grew its position in ASML by 3.3% during the third quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company’s stock valued at $1,855,624,000 after acquiring an additional 70,776 shares during the last quarter. Van ECK Associates Corp grew its position in ASML by 37.0% during the third quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock valued at $1,464,061,000 after acquiring an additional 474,653 shares during the last quarter. Janus Henderson Group PLC grew its position in ASML by 18.9% during the first quarter. Janus Henderson Group PLC now owns 1,220,210 shares of the semiconductor company’s stock valued at $1,184,173,000 after acquiring an additional 194,357 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in ASML by 4,379.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after acquiring an additional 870,010 shares during the last quarter. 26.07% of the stock is currently owned by 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.