ASML (NASDAQ:ASML) Stock Price Down 2.5% – Here’s What Happened

ASML Holding N.V. (NASDAQ:ASML) shares were down 2.5% during mid-day trading on Monday. The company traded as low as $1,518.00 and last traded at $1,526.14. Approximately 1,811,045 shares were traded during mid-day trading, an increase of 4% from the average session volume of 1,741,249 shares. The stock had previously closed at $1,565.90.

Analysts Set New Price Targets

ASML has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of ASML from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Sanford C. Bernstein boosted their target price on shares of ASML from $1,971.00 to $2,623.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a research note on Friday, July 10th. DZ Bank raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings downgraded ASML from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2,079.12.

ASML Price Performance

The stock has a market capitalization of $588.20 billion, a P/E ratio of 37.57, a PEG ratio of 0.65 and a beta of 1.80. The company has a 50 day moving average of $1,704.71 and a 200-day moving average of $1,595.82. The company has a quick ratio of 1.01, a current ratio of 1.49 and a debt-to-equity ratio of 0.09.

ASML (NASDAQ:ASML) last released its earnings results on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share for the quarter. The firm had revenue of $13.27 billion during the quarter. ASML had a net margin of 34.10% and a return on equity of 64.24%. Sell-side analysts predict that ASML Holding N.V. will post 46.54 EPS for the current year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Tuesday, October 27th will be given a dividend of $2.1077 per share. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $8.43 dividend on an annualized basis and a dividend yield of 0.6%. This is a drop from ASML’s previous quarterly dividend of $2.1507. ASML’s payout ratio is currently 17.55%.

Institutional Investors Weigh In On ASML

Several institutional investors and hedge funds have recently bought and sold shares of the business. Genesis Private Wealth LLC increased its stake in shares of ASML by 5.0% in the third quarter. Genesis Private Wealth LLC now owns 525 shares of the semiconductor company’s stock valued at $951,000 after purchasing an additional 25 shares during the period. Gutierrez Wealth Advisory LLC bought a new position in ASML in the 3rd quarter worth approximately $336,000. StrongBox Wealth LLC grew its holdings in ASML by 3.2% in the 3rd quarter. StrongBox Wealth LLC now owns 321 shares of the semiconductor company’s stock worth $582,000 after buying an additional 10 shares in the last quarter. Quest 10 Wealth Builders Inc. acquired a new stake in ASML in the 3rd quarter valued at approximately $27,000. Finally, TFB Advisors LLC increased its position in ASML by 3.9% in the 3rd quarter. TFB Advisors LLC now owns 483 shares of the semiconductor company’s stock valued at $875,000 after acquiring an additional 18 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

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 helps customers transfer intricate circuit patterns onto silicon wafers, a critical step in the production of processors, memory chips and other semiconductor devices.

ASML’s product portfolio includes extreme ultraviolet (EUV) lithography systems, which support the production of the most advanced chips, as well as deep ultraviolet (DUV) lithography systems for a broad range of semiconductor applications.