ASML (NASDAQ:ASML) Stock Price Down 2% – What’s Next?

ASML Holding N.V. (NASDAQ:ASML)’s stock price dropped 2% on Thursday . The company traded as low as $1,392.20 and last traded at $1,406.87. Approximately 1,454,018 shares traded hands during trading, a decline of 33% from the average daily volume of 2,159,109 shares. The stock had previously closed at $1,435.63.

Analyst Ratings Changes

Several research firms have recently issued reports on ASML. KGI Securities set a $1,415.00 price target on shares of ASML and gave the company an “outperform” rating in a research report on Thursday, January 15th. Citigroup reiterated a “buy” rating on shares of ASML in a research note on Tuesday, January 20th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research report on Monday, January 26th. Rothschild & Co Redburn set a $1,200.00 price target on ASML in a report on Friday, November 7th. Finally, Wells Fargo & Company boosted their price objective on ASML from $1,450.00 to $1,650.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Three analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and a consensus target price of $1,475.00.

ASML Trading Down 2.0%

The company has a debt-to-equity ratio of 0.14, a current ratio of 1.26 and a quick ratio of 0.79. The stock has a market cap of $553.30 billion, a P/E ratio of 54.49, a PEG ratio of 1.61 and a beta of 1.89. The firm’s fifty day moving average price is $1,233.71 and its two-hundred day moving average price is $1,022.55.

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 issued a $3.1771 dividend. This represents a $12.71 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, April 27th. This is an increase from ASML’s previous quarterly dividend of $1.88. ASML’s payout ratio is 24.79%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Manning & Napier Advisors LLC purchased a new position in ASML in the 3rd quarter worth approximately $25,000. Princeton Global Asset Management LLC lifted its holdings in shares of ASML by 153.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 20 shares during the last quarter. City Holding Co. bought a new stake in shares of ASML during the 3rd quarter worth $26,000. Binnacle Investments Inc grew its position in ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 15 shares in the last quarter. Finally, North Star Investment Management Corp. increased its stake in ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 11 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

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.