ASML (NASDAQ:ASML) Stock Price Down 1.3% - Here's What Happened

Key Points

• ASML Holding N.V. shares fell by 1.3%, trading between $997.67 and $1,011.57, with a trading volume 23% below the average.
• The company announced a quarterly dividend of $1.857 per share, an increase from the previous dividend, with an annualized dividend yield of 0.7%.
• Despite mixed analyst ratings, ASML has a consensus rating of "Moderate Buy" and a price target of $1,051.60.

ASML Holding N.V. (NASDAQ:ASML - Get Free Report)'s share price traded down 1.3% on Wednesday . The company traded as low as $997.67 and last traded at $1,011.57. 1,325,169 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 1,712,386 shares. The stock had previously closed at $1,025.02.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Bank Degroof downgraded shares of ASML to a "hold" rating in a report on Friday, October 10th. Weiss Ratings reissued a "hold (c+)" rating on shares of ASML in a report on Wednesday, October 8th. Zacks Research raised shares of ASML from a "hold" rating to a "strong-buy" rating in a report on Friday, October 17th. Evercore ISI reissued an "outperform" rating on shares of ASML in a report on Thursday, October 16th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of ASML in a report on Friday, October 10th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,051.60.

ASML Stock Down 1.3%

The company has a market capitalization of $397.83 billion, a P/E ratio of 41.17, a P/E/G ratio of 1.72 and a beta of 1.87. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. The business's fifty day moving average price is $876.36 and its 200 day moving average price is $779.84.

ASML (NASDAQ:ASML - Get Free Report) last announced its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.27 by $0.14. The business had revenue of $8.71 billion during the quarter, compared to analysts' expectations of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The firm's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the company posted $5.28 EPS. As a group, equities research analysts predict that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Wednesday, October 29th will be given a dividend of $1.857 per share. This is an increase from ASML's previous quarterly dividend of $1.86. The ex-dividend date is Wednesday, October 29th. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. ASML's dividend payout ratio is 25.68%.

Institutional Investors Weigh In On ASML

Hedge funds have recently made changes to their positions in the company. City Holding Co. acquired a new stake in shares of ASML during the 3rd quarter worth about $26,000. Princeton Global Asset Management LLC increased its position in ASML by 153.8% in the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 20 shares in the last quarter. Binnacle Investments Inc increased its position in ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 15 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in ASML in the 2nd quarter valued at about $30,000. Finally, Washington Trust Advisors Inc. increased its position in ASML by 129.4% in the 2nd quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 22 shares in the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.