ASML (NASDAQ:ASML) Stock Price Down 1.9% – Should You Sell?

ASML Holding (NASDAQ:ASML)’s share price fell 1.9% on Tuesday . The company traded as low as $670.53 and last traded at $671.72. 365,891 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 1,445,973 shares. The stock had previously closed at $684.47.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ASML shares. Wells Fargo & Company dropped their price objective on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Susquehanna dropped their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. 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 research report on Friday, September 20th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Stock Down 0.2 %

The business’s 50-day moving average is $737.53 and its two-hundred day moving average is $868.72. The firm has a market capitalization of $263.78 billion, a price-to-earnings ratio of 35.10, a P/E/G ratio of 1.99 and a beta of 1.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55.

ASML (NASDAQ:ASML) last posted its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share 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 for the quarter, compared to analyst estimates of $7.66 billion. On average, equities analysts anticipate that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were paid a $1.407 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.84%. ASML’s payout ratio is 29.21%.

Hedge Funds Weigh In On ASML

Institutional investors have recently modified their holdings of the business. Taurus Asset Management LLC bought a new position in ASML in the third quarter valued at approximately $16,994,000. Stockman Wealth Management Inc. raised its holdings in shares of ASML by 7.2% during the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after acquiring an additional 1,032 shares during the period. US Bancorp DE lifted its position in ASML by 7.5% in the 3rd quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock valued at $39,664,000 after acquiring an additional 3,321 shares in the last quarter. Principal Financial Group Inc. boosted its stake in ASML by 104.4% in the 3rd quarter. Principal Financial Group Inc. now owns 7,009 shares of the semiconductor company’s stock worth $5,840,000 after purchasing an additional 3,580 shares during the period. Finally, Vantage Investment Partners LLC increased its holdings in ASML by 8.5% during the 3rd quarter. Vantage Investment Partners LLC now owns 34,767 shares of the semiconductor company’s stock worth $28,970,000 after purchasing an additional 2,736 shares in the last quarter. 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.