ASML (NASDAQ:ASML) Trading Down 3.7% – Here’s What Happened

ASML Holding N.V. (NASDAQ:ASML)’s share price fell 3.7% on Monday . The stock traded as low as $1,248.11 and last traded at $1,253.96. 2,076,991 shares were traded during trading, an increase of 12% from the average session volume of 1,855,427 shares. The stock had previously closed at $1,302.47.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ASML. Weiss Ratings raised ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. Susquehanna restated a “positive” rating on shares of ASML in a research note on Monday, January 12th. Bank of America upped their price objective on shares of ASML from $1,092.00 to $1,331.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Cantor Fitzgerald reiterated an “overweight” rating on shares of ASML in a research report on Tuesday, December 16th. Finally, Santander cut shares of ASML from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and a consensus target price of $1,482.50.

ASML Stock Down 3.7%

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.26. The company has a market cap of $493.16 billion, a P/E ratio of 48.57, a P/E/G ratio of 1.26 and a beta of 1.88. The stock has a 50 day moving average price of $1,398.94 and a 200 day moving average price of $1,172.61.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Monday, April 27th will be given a $3.1771 dividend. This represents a $12.71 annualized dividend and a yield of 1.0%. This is a boost from ASML’s previous quarterly dividend of $1.88. The ex-dividend date is Monday, April 27th. ASML’s dividend payout ratio (DPR) is presently 41.83%.

Hedge Funds Weigh In On ASML

Large investors have recently made changes to their positions in the business. Capstone Wealth Management Group LLC increased its stake in ASML by 5.2% in the 1st quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock valued at $1,664,000 after buying an additional 124 shares during the period. AQR Capital Management LLC grew its holdings in shares of ASML by 141.1% during the 1st quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock valued at $4,553,000 after acquiring an additional 4,021 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of ASML by 153.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock worth $11,404,000 after acquiring an additional 10,411 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of ASML by 1.3% during the second quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock worth $936,000 after acquiring an additional 15 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of ASML by 4.2% during the second quarter. Rhumbline Advisers now owns 8,758 shares of the semiconductor company’s stock worth $7,019,000 after acquiring an additional 351 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

About ASML

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.