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

ASML Holding (NASDAQ:ASML)’s stock price traded down 1.3% during mid-day trading on Wednesday . The company traded as low as $662.50 and last traded at $663.32. 330,281 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 1,445,409 shares. The stock had previously closed at $671.97.

Analyst Ratings Changes

ASML has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Sanford C. Bernstein cut their price objective on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Finally, Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $970.60.

ASML Stock Down 0.2 %

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The firm has a market capitalization of $263.78 billion, a PE ratio of 35.10, a PEG ratio of 1.99 and a beta of 1.51. The company’s 50 day simple moving average is $734.37 and its 200-day simple moving average is $867.34.

ASML (NASDAQ:ASML) last posted its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.24 by $0.56. The business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. On average, analysts forecast that ASML Holding will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were given a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is currently 29.21%.

Institutional Trading of ASML

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Peapack Gladstone Financial Corp raised its position in shares of ASML by 89.9% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 7,551 shares of the semiconductor company’s stock valued at $6,291,000 after buying an additional 3,575 shares in the last quarter. Synovus Financial Corp raised its position in ASML by 4.9% in the 3rd quarter. Synovus Financial Corp now owns 475 shares of the semiconductor company’s stock worth $396,000 after purchasing an additional 22 shares during the period. Destination Wealth Management raised its position in ASML by 0.5% in the 3rd quarter. Destination Wealth Management now owns 27,599 shares of the semiconductor company’s stock worth $22,996,000 after purchasing an additional 137 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in ASML in the 3rd quarter worth $1,438,000. Finally, Stock Yards Bank & Trust Co. raised its position in ASML by 9.7% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 21,599 shares of the semiconductor company’s stock worth $17,997,000 after purchasing an additional 1,914 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.