ASML (NASDAQ:ASML) Trading Down 0.4% – Time to Sell?

ASML Holding (NASDAQ:ASMLGet Free Report)’s share price dropped 0.4% during mid-day trading on Wednesday . The stock traded as low as $687.43 and last traded at $693.08. Approximately 961,508 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 1,449,344 shares. The stock had previously closed at $696.15.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ASML. Sanford C. Bernstein dropped their target price on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. Susquehanna dropped their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Wells Fargo & Company cut their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $943.83.

Check Out Our Latest Stock Report on ASML

ASML Price Performance

The stock has a 50 day moving average of $693.88 and a two-hundred day moving average of $821.44. 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 has a market cap of $275.56 billion, a PE ratio of 36.67, a PEG ratio of 2.07 and a beta of 1.49.

ASML (NASDAQ:ASMLGet Free Report) last announced 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 net margin of 26.40% and a return on equity of 47.61%. The company had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. Equities analysts anticipate that ASML Holding will post 20.68 EPS for the current year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were paid a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a yield of 0.80%. The ex-dividend date was Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is currently 29.21%.

Institutional Trading of ASML

Hedge funds and other institutional investors have recently modified their holdings of the business. Fisher Asset Management LLC lifted its stake in ASML by 1.0% in the 3rd quarter. Fisher Asset Management LLC now owns 3,186,222 shares of the semiconductor company’s stock worth $2,654,921,000 after acquiring an additional 31,879 shares in the last quarter. Edgewood Management LLC increased its holdings in shares of ASML by 3.3% in the 3rd quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company’s stock valued at $1,855,624,000 after purchasing an additional 70,776 shares during the period. Van ECK Associates Corp lifted its position in shares of ASML by 37.0% in the third quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock worth $1,464,061,000 after purchasing an additional 474,653 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of 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 worth $910,102,000 after purchasing an additional 870,010 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in ASML by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 817,709 shares of the semiconductor company’s stock valued at $836,300,000 after purchasing an additional 2,085 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

About ASML

(Get Free Report)

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.

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