ASML (NASDAQ:ASML) Stock Price Down 0.6%

ASML Holding (NASDAQ:ASML)’s stock price traded down 0.6% on Wednesday . The stock traded as low as $1,014.00 and last traded at $1,016.81. 349,499 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 1,137,838 shares. The stock had previously closed at $1,023.34.

Analyst Ratings Changes

A number of equities research analysts have commented on ASML shares. Sanford C. Bernstein dropped their price objective on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research report on Friday, April 12th. Evercore ISI initiated coverage on ASML in a research report on Tuesday, April 16th. They set an “outperform” rating on the stock. Finally, Wells Fargo & Company increased their price objective on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,043.00.

ASML Price Performance

The company has a market capitalization of $399.58 billion, a P/E ratio of 51.71, a price-to-earnings-growth ratio of 2.16 and a beta of 1.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 0.88. The company has a fifty day moving average price of $956.18 and a 200 day moving average price of $902.70.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.54. The company had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.73 billion. ASML had a return on equity of 56.99% and a net margin of 27.23%. On average, sell-side analysts forecast that ASML Holding will post 20.12 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were given a $1.343 dividend. This represents a $5.37 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, April 26th. ASML’s dividend payout ratio (DPR) is 32.53%.

Institutional Trading of ASML

A number of large investors have recently added to or reduced their stakes in the business. Townsquare Capital LLC lifted its stake in shares of ASML by 11.5% in the 3rd quarter. Townsquare Capital LLC now owns 8,516 shares of the semiconductor company’s stock valued at $5,013,000 after purchasing an additional 881 shares during the last quarter. Savoie Capital LLC bought a new stake in shares of ASML in the 3rd quarter worth approximately $14,658,000. International Assets Investment Management LLC increased its position in shares of ASML by 48,040.7% during the fourth quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock valued at $186,202,000 after purchasing an additional 245,488 shares during the period. Griffin Asset Management Inc. lifted its position in ASML by 9.3% in the fourth quarter. Griffin Asset Management Inc. now owns 19,608 shares of the semiconductor company’s stock worth $14,842,000 after purchasing an additional 1,661 shares during the period. Finally, Meitav Investment House Ltd. grew its position in ASML by 219.0% during the 4th quarter. Meitav Investment House Ltd. now owns 3,158 shares of the semiconductor company’s stock worth $2,195,000 after acquiring an additional 2,168 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

About ASML

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.