ASML (NASDAQ:ASML) Shares Down 1.3% – Should You Sell?

Shares of ASML Holding N.V. (NASDAQ:ASML) fell 1.3% on Monday . The company traded as low as $1,727.57 and last traded at $1,740.13. Approximately 1,000,426 shares traded hands during trading, a decline of 46% from the average daily volume of 1,842,218 shares. The stock had previously closed at $1,763.76.

Wall Street Analyst Weigh In

A number of brokerages have commented on ASML. Sanford C. Bernstein raised their price objective on ASML from $1,971.00 to $2,623.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Barclays reissued an “overweight” rating on shares of ASML in a research report on Thursday, July 16th. UBS Group restated a “buy” rating on shares of ASML in a research note on Wednesday, July 1st. DZ Bank upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Finally, Susquehanna reaffirmed a “positive” rating on shares of ASML in a research note on Tuesday, June 30th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,970.33.

ASML Price Performance

The company has a fifty day moving average of $1,780.20 and a 200-day moving average of $1,580.59. The firm has a market cap of $684.37 billion, a P/E ratio of 54.14, a P/E/G ratio of 0.88 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The business had revenue of $10.64 billion for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. On average, sell-side analysts anticipate that ASML Holding N.V. will post 44.85 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were given a dividend of $2.1507 per share. This represents a $8.60 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML’s dividend payout ratio (DPR) is presently 22.59%.

Institutional Investors Weigh In On ASML

A number of institutional investors have recently added to or reduced their stakes in ASML. Tanager Wealth Management LLP increased its stake in ASML by 6.9% in the 2nd quarter. Tanager Wealth Management LLP now owns 326 shares of the semiconductor company’s stock valued at $649,000 after buying an additional 21 shares during the last quarter. Greenland Capital Management LP purchased a new position in shares of ASML in the 2nd quarter worth approximately $816,000. Trans Canada Capital Inc. bought a new position in shares of ASML in the second quarter valued at approximately $28,640,000. Ameritas Advisory Services LLC grew its holdings in shares of ASML by 41.0% in the second quarter. Ameritas Advisory Services LLC now owns 1,366 shares of the semiconductor company’s stock valued at $2,717,000 after acquiring an additional 397 shares in the last quarter. Finally, Yarger Wealth Strategies LLC increased its position in shares of ASML by 24.1% during the second quarter. Yarger Wealth Strategies LLC now owns 469 shares of the semiconductor company’s stock valued at $933,000 after acquiring an additional 91 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

ASML Company Profile

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.