ASML (NASDAQ:ASML) Shares Down 1.2%

ASML Holding (NASDAQ:ASML) fell 1.2% on Monday . The company traded as low as $1,022.15 and last traded at $1,024.32. 184,265 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 1,140,192 shares. The stock had previously closed at $1,036.60.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ASML. Evercore ISI began coverage on ASML in a report on Tuesday, April 16th. They issued an “outperform” rating for the company. Wells Fargo & Company boosted their price target on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Finally, Sanford C. Bernstein lowered their price target on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a report on Friday, April 12th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,043.00.

ASML Stock Down 0.7 %

The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33. The stock has a 50-day simple moving average of $956.18 and a 200-day simple moving average of $902.70. The company has a market cap of $401.14 billion, a price-to-earnings ratio of 51.92, a price-to-earnings-growth ratio of 2.16 and a beta of 1.49.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.54. The business had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.73 billion. ASML had a return on equity of 56.99% and a net margin of 27.23%. As a group, analysts predict that ASML Holding will post 20.12 EPS for the current year.

ASML Cuts Dividend

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

Institutional Trading of ASML

Several institutional investors have recently modified their holdings of the company. Jennison Associates LLC lifted its holdings in shares of ASML by 50.0% during the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after purchasing an additional 572,996 shares during the last quarter. Fayez Sarofim & Co acquired a new position in ASML in the 1st quarter worth about $542,710,000. GQG Partners LLC increased its position in ASML by 21.6% in the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after purchasing an additional 294,784 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of ASML by 48,040.7% during the 4th quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock valued at $186,202,000 after acquiring an additional 245,488 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in shares of ASML by 11,084.1% during the 1st quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock valued at $238,784,000 after acquiring an additional 243,850 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

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.