ASML (NASDAQ:ASML) Shares Down 1.8% - What's Next?

ASML Holding N.V. (NASDAQ:ASML - Get Free Report)'s stock price traded down 1.8% during trading on Tuesday . The stock traded as low as $705.79 and last traded at $706.45. 1,143,565 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 1,754,878 shares. The stock had previously closed at $719.68.

Wall Street Analyst Weigh In

ASML has been the subject of several recent research reports. Sanford C. Bernstein initiated coverage on ASML in a research report on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 price target for the company. Susquehanna dropped their price target on ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. Jefferies Financial Group lowered ASML from a "buy" rating to a "hold" rating in a research report on Thursday, June 26th. DZ Bank lowered ASML from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Finally, Barclays restated an "equal weight" rating on shares of ASML in a research report on Tuesday, June 3rd. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $923.80.

ASML Price Performance

The company's 50 day moving average price is $769.62 and its 200-day moving average price is $728.20. The company has a market cap of $278.48 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 1.49 and a beta of 1.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.81 and a current ratio of 1.43.

ASML (NASDAQ:ASML - Get Free Report) last posted its earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.94 by ($1.39). ASML had a net margin of 26.95% and a return on equity of 49.47%. The business had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.72 billion. During the same quarter last year, the firm earned $4.01 earnings per share. ASML's revenue was up 23.2% compared to the same quarter last year. On average, equities research analysts forecast that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Tuesday, July 29th will be paid a $1.856 dividend. The ex-dividend date of this dividend is Tuesday, July 29th. This is a boost from ASML's previous quarterly dividend of $1.64. This represents a $7.42 dividend on an annualized basis and a dividend yield of 1.05%. ASML's dividend payout ratio is 29.67%.

Institutional Investors Weigh In On ASML

A number of large investors have recently added to or reduced their stakes in ASML. Wealthcare Advisory Partners LLC increased its holdings in ASML by 12.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 402 shares of the semiconductor company's stock worth $266,000 after purchasing an additional 44 shares in the last quarter. Rhumbline Advisers grew its stake in ASML by 12.7% in the 1st quarter. Rhumbline Advisers now owns 8,407 shares of the semiconductor company's stock valued at $5,571,000 after purchasing an additional 947 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of ASML by 1.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,478 shares of the semiconductor company's stock valued at $2,304,000 after buying an additional 55 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of ASML by 2.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,418 shares of the semiconductor company's stock valued at $22,806,000 after buying an additional 763 shares during the last quarter. Finally, Novo Holdings A S lifted its position in shares of ASML by 24.4% during the 4th quarter. Novo Holdings A S now owns 165,836 shares of the semiconductor company's stock valued at $114,938,000 after buying an additional 32,500 shares during the last quarter. Institutional investors own 26.07% of the company's stock.

About ASML

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.

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