ASML (NASDAQ:ASML) Shares Down 1%

ASML Holding (NASDAQ:ASML)’s share price traded down 1% on Tuesday . The stock traded as low as $931.30 and last traded at $931.96. 326,585 shares traded hands during trading, a decline of 72% from the average session volume of 1,167,033 shares. The stock had previously closed at $941.26.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. JPMorgan Chase & Co. upped their price objective on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Evercore ISI assumed coverage on shares of ASML in a research note on Tuesday, April 16th. They set an “outperform” rating on the stock. Susquehanna upped their price objective on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research note on Thursday, July 11th. Finally, Sanford C. Bernstein decreased their price target on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research note on Friday, April 12th. Two 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,147.80.

ASML Price Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. The company’s 50 day moving average price is $1,005.77 and its 200 day moving average price is $942.60. The firm has a market capitalization of $340.38 billion, a P/E ratio of 44.06, a PEG ratio of 1.97 and a beta of 1.49.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. ASML had a net margin of 26.50% and a return on equity of 49.93%. The firm had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same period last year, the firm earned $5.37 earnings per share. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, sell-side analysts anticipate that ASML Holding will post 20.3 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th will be paid a $1.8732 dividend. The ex-dividend date is Monday, July 29th. This is a boost from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 dividend on an annualized basis and a yield of 0.87%. ASML’s dividend payout ratio (DPR) is presently 28.75%.

Hedge Funds Weigh In On ASML

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Waypoint Capital Advisors LLC bought a new position in ASML in the second quarter valued at approximately $206,000. Yeomans Consulting Group Inc. bought a new position in ASML in the second quarter valued at approximately $212,000. Silvant Capital Management LLC raised its holdings in ASML by 10.6% in the second quarter. Silvant Capital Management LLC now owns 17,332 shares of the semiconductor company’s stock worth $17,726,000 after purchasing an additional 1,665 shares during the period. First National Bank of Hutchinson raised its holdings in ASML by 42.1% in the second quarter. First National Bank of Hutchinson now owns 388 shares of the semiconductor company’s stock worth $397,000 after purchasing an additional 115 shares during the period. Finally, Bank Pictet & Cie Europe AG acquired a new stake in ASML in the second quarter worth $1,179,000. 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.