ASML (NASDAQ:ASML) Shares Down 0.3%

ASML Holding (NASDAQ:ASML) dropped 0.3% on Monday . The company traded as low as $1,018.49 and last traded at $1,019.85. Approximately 243,477 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 1,129,737 shares. The stock had previously closed at $1,022.73.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Sanford C. Bernstein dropped their price target on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Wells Fargo & Company increased their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Finally, Evercore ISI started coverage on shares of ASML in a report on Tuesday, April 16th. They set an “outperform” rating for the company. Three research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,043.00.

ASML Stock Performance

The stock has a market cap of $406.17 billion, a PE ratio of 52.09, a P/E/G ratio of 2.16 and a beta of 1.49. The company has a fifty day moving average price of $964.40 and a 200 day moving average price of $909.05. The company has a quick ratio of 0.88, a current ratio of 1.54 and a debt-to-equity ratio of 0.33.

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. ASML had a return on equity of 56.99% and a net margin of 27.23%. The firm had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.73 billion. Analysts expect that ASML Holding will post 20.12 earnings per share for the current year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were issued a $1.343 dividend. This represents a $5.37 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Friday, April 26th. ASML’s dividend payout ratio (DPR) is presently 32.53%.

Hedge Funds Weigh In On ASML

Several hedge funds and other institutional investors have recently modified their holdings of the company. American Capital Advisory LLC bought a new position in ASML during the 1st quarter valued at approximately $26,000. WD Rutherford LLC purchased a new position in shares of ASML during the first quarter valued at approximately $29,000. LRI Investments LLC bought a new position in shares of ASML during the first quarter valued at approximately $37,000. ZRC Wealth Management LLC purchased a new stake in ASML in the first quarter worth $39,000. Finally, Rocky Mountain Advisers LLC boosted its holdings in ASML by 110.0% in the first quarter. Rocky Mountain Advisers LLC now owns 42 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 22 shares in the last quarter. 26.07% of the stock is 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.