ASML (NASDAQ:ASML) Shares Down 1.4% – What’s Next?

ASML Holding N.V. (NASDAQ:ASML) fell 1.4% on Tuesday. The company traded as low as $1,819.09 and last traded at $1,834.10. Approximately 1,623,781 shares were traded during mid-day trading, a decline of 8% from the average session volume of 1,757,219 shares. The stock had previously closed at $1,859.86.

Analyst Upgrades and Downgrades

ASML has been the subject of a number of research reports. Cantor Fitzgerald restated an “overweight” rating on shares of ASML in a research report on Monday, September 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research report on Friday, July 10th. Barclays reaffirmed an “overweight” rating on shares of ASML in a research note on Thursday, July 16th. Argus set a $2,100.00 price target on ASML in a report on Thursday, July 16th. Finally, Weiss Ratings raised shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, ASML has an average rating of “Moderate Buy” and an average price target of $1,970.33.

ASML Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. The firm has a fifty day moving average price of $1,724.83 and a two-hundred day moving average price of $1,648.82. The stock has a market capitalization of $721.32 billion, a PE ratio of 57.07, a P/E/G ratio of 0.94 and a beta of 1.77.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The company had revenue of $10.62 billion for the quarter. Research analysts expect that ASML Holding N.V. will post 44.01 EPS for the current year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were given a $2.1507 dividend. This is a negative change from ASML’s previous quarterly dividend of $3.1771. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 annualized dividend and a yield of 0.5%. ASML’s dividend payout ratio is presently 22.59%.

Institutional Investors Weigh In On ASML

Hedge funds have recently made changes to their positions in the company. Cornerstone Financial Management LLC purchased a new position in ASML during the fourth quarter valued at approximately $26,000. NBH Bank bought a new position in shares of ASML during the 2nd quarter worth approximately $26,000. Field & Main Bank purchased a new stake in shares of ASML during the 2nd quarter valued at $30,000. Portus Wealth Advisors LLC purchased a new stake in ASML in the first quarter valued at about $32,000. Finally, Tsfg LLC acquired a new stake in ASML in the second quarter worth about $44,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

About ASML

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures advanced lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment projects patterns onto silicon wafers, enabling the creation of increasingly smaller and more powerful semiconductor features.

ASML’s product portfolio includes extreme ultraviolet (EUV) lithography systems, deep ultraviolet (DUV) lithography systems, and related metrology and inspection solutions.