ASML (NASDAQ:ASML) Reaches New 1-Year Low – Here’s Why

ASML Holding (NASDAQ:ASML)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $650.50 and last traded at $650.50, with a volume of 50389 shares traded. The stock had previously closed at $658.63.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ASML shares. Wells Fargo & Company decreased their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. JPMorgan Chase & Co. cut their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Sanford C. Bernstein cut their price objective on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Price Performance

The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $756.70 and a 200 day moving average price of $881.85. The stock has a market cap of $256.34 billion, a PE ratio of 34.48, a PEG ratio of 1.90 and a beta of 1.51.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The firm had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. As a group, research analysts forecast that ASML Holding will post 20.77 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were issued a dividend of $1.407 per share. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.86%. ASML’s dividend payout ratio (DPR) is 29.21%.

Institutional Trading of ASML

Institutional investors have recently added to or reduced their stakes in the stock. Resources Management Corp CT ADV purchased a new stake in ASML during the 2nd quarter worth about $26,000. Triad Wealth Partners LLC purchased a new stake in ASML during the 2nd quarter worth about $31,000. Fairway Wealth LLC purchased a new stake in ASML during the 3rd quarter worth about $25,000. First Community Trust NA purchased a new stake in ASML during the 2nd quarter worth about $34,000. Finally, Milestone Investment Advisors LLC purchased a new stake in ASML during the 3rd quarter worth about $28,000. Hedge funds and other institutional investors 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.