ASML (NASDAQ:ASML) Stock Price Down 0.2% – What’s Next?

ASML Holding (NASDAQ:ASML)’s share price dropped 0.2% during trading on Friday . The company traded as low as $696.28 and last traded at $708.73. Approximately 595,055 shares changed hands during trading, a decline of 59% from the average daily volume of 1,452,766 shares. The stock had previously closed at $710.26.

Wall Street Analyst Weigh In

ASML has been the subject of a number of research reports. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Sanford C. Bernstein dropped their price target on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. Wells Fargo & Company dropped their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Susquehanna lowered their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. Finally, Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $943.83.

ASML Stock Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The firm has a fifty day moving average price of $697.72 and a two-hundred day moving average price of $841.01. The stock has a market capitalization of $277.63 billion, a PE ratio of 36.95, a P/E/G ratio of 2.07 and a beta of 1.49.

ASML (NASDAQ:ASML) last issued its quarterly 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 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 the consensus estimate of $7.66 billion. Research analysts expect that ASML Holding will post 20.68 EPS for the current year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders 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 annualized dividend and a yield of 0.80%. ASML’s payout ratio is currently 29.21%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ASML. Lantz Financial LLC purchased a new position in ASML during the 2nd quarter worth $216,000. Capital Advisors Ltd. LLC increased its holdings in ASML by 23.2% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 69 shares of the semiconductor company’s stock worth $71,000 after purchasing an additional 13 shares during the period. Hills Bank & Trust Co increased its holdings in ASML by 3.0% during the 2nd quarter. Hills Bank & Trust Co now owns 480 shares of the semiconductor company’s stock worth $491,000 after purchasing an additional 14 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of ASML by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 238,954 shares of the semiconductor company’s stock valued at $244,385,000 after acquiring an additional 2,456 shares during the period. Finally, Verdence Capital Advisors LLC increased its holdings in shares of ASML by 0.7% in the 2nd quarter. Verdence Capital Advisors LLC now owns 2,579 shares of the semiconductor company’s stock valued at $2,637,000 after acquiring an additional 17 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Company Profile

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.