ASML (NASDAQ:ASML) Stock Price Down 3.6%

ASML Holding (NASDAQ:ASML)’s stock price traded down 3.6% during mid-day trading on Friday . The company traded as low as $763.66 and last traded at $766.73. 729,059 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 1,230,258 shares. The stock had previously closed at $795.60.

Analysts Set New Price Targets

A number of research analysts have weighed in on ASML shares. JPMorgan Chase & Co. raised their price target on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Susquehanna boosted their target price on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. Wells Fargo & Company increased their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Finally, UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,147.80.

ASML Stock Performance

The stock has a market capitalization of $298.16 billion, a P/E ratio of 39.16, a PEG ratio of 1.91 and a beta of 1.49. The company’s fifty day simple moving average is $931.20 and its two-hundred day simple moving average is $951.74. 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 released its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same period last year, the firm posted $5.37 EPS. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, equities analysts forecast that ASML Holding will post 20.3 EPS for the current year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were given a dividend of $1.8732 per share. This represents a $7.49 dividend on an annualized basis and a yield of 0.99%. 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. ASML’s dividend payout ratio (DPR) is currently 28.50%.

Institutional Investors Weigh In On ASML

Hedge funds and other institutional investors have recently made changes to their positions in the business. American Capital Advisory LLC bought a new position in ASML in the 1st quarter valued at about $26,000. Resources Management Corp CT ADV bought a new position in ASML in the second quarter valued at approximately $26,000. WD Rutherford LLC acquired a new position in ASML during the first quarter valued at approximately $29,000. Triad Wealth Partners LLC acquired a new position in ASML during the second quarter valued at approximately $31,000. Finally, Beaird Harris Wealth Management LLC bought a new stake in ASML during the fourth quarter worth $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.