ASML (NASDAQ:ASML) Shares Down 2.8% - Time to Sell?

Key Points

• ASML shares fell 2.8% to $1,751.73, below the 50-day moving average, while trading volume was 31% below its average.
• Analyst sentiment remains positive: the stock has a consensus “Moderate Buy” rating and an average price target of $1,970.33, including Wells Fargo’s increased $2,500 target.
• ASML reported $10.64 billion in quarterly revenue and $8.65 in earnings per share, with a 30.11% net margin. Its latest annualized dividend is $8.60 per share, yielding 0.5%, while institutional investors own 26.07% of the stock.

ASML Holding N.V. (NASDAQ:ASML - Get Free Report) traded down 2.8% during trading on Wednesday . The stock traded as low as $1,748.85 and last traded at $1,751.73. 1,290,142 shares changed hands during trading, a decline of 31% from the average session volume of 1,858,386 shares. The stock had previously closed at $1,802.98.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ASML shares. Citigroup restated a "buy" rating on shares of ASML in a report on Friday, July 17th. Weiss Ratings raised shares of ASML from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of ASML in a report on Friday, July 10th. Berenberg Bank reaffirmed a "buy" rating on shares of ASML in a research note on Friday, May 8th. Finally, Wells Fargo & Company upped their price objective on shares of ASML from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,970.33.

ASML Stock Down 2.8%

The company has a market cap of $688.92 billion, a P/E ratio of 54.50, a price-to-earnings-growth ratio of 0.92 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. The stock has a fifty day moving average price of $1,784.83 and a two-hundred day moving average price of $1,573.92.

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

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were issued a $2.1507 dividend. 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 payout ratio is 22.62%.

Institutional Investors Weigh In On ASML

A number of hedge funds have recently modified their holdings of the stock. Capstone Wealth Management Group LLC grew its stake in shares of ASML by 5.2% during the 1st quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company's stock worth $1,664,000 after acquiring an additional 124 shares during the period. AQR Capital Management LLC boosted its position in ASML by 141.1% during the first quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company's stock worth $4,553,000 after purchasing an additional 4,021 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of ASML by 153.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company's stock worth $11,404,000 after purchasing an additional 10,411 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of ASML by 1.3% in the second quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company's stock valued at $936,000 after purchasing an additional 15 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of ASML by 5.2% during the 2nd quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company's stock valued at $9,122,000 after buying an additional 559 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

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.

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