ASML (NASDAQ:ASML) Stock Price Down 1.3% - What's Next?

Key Points

• ASML's stock recently declined by 1.3% to a last trading price of $745.15, with trading volume down by 59% from the average.
• Analysts have mixed ratings for ASML, with a current average rating of "Moderate Buy" and a price target of $923.80.
• ASML announced an increase in its quarterly dividend to $1.856, reflecting a yield of 1.0% and a payout ratio of 26.21%.

ASML Holding N.V. (NASDAQ:ASML - Get Free Report) shares traded down 1.3% on Friday . The stock traded as low as $736.66 and last traded at $745.15. 711,455 shares were traded during trading, a decline of 59% from the average session volume of 1,742,466 shares. The stock had previously closed at $755.21.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ASML shares. Erste Group Bank restated a "hold" rating on shares of ASML in a report on Wednesday, July 23rd. Citigroup restated a "buy" rating on shares of ASML in a report on Monday, May 19th. Wells Fargo & Company raised their target price on shares of ASML from $840.00 to $890.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Jefferies Financial Group downgraded shares of ASML from a "buy" rating to a "hold" rating in a research report on Thursday, June 26th. Finally, Barclays restated an "equal weight" rating on shares of ASML in a research report on Tuesday, June 3rd. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, ASML presently has an average rating of "Moderate Buy" and an average price target of $923.80.

ASML Stock Performance

The firm's fifty day moving average is $758.10 and its 200 day moving average is $725.08. The firm has a market capitalization of $292.00 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 1.53 and a beta of 1.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 0.81.

ASML (NASDAQ:ASML - Get Free Report) last issued 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 company had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.72 billion. During the same period last year, the business earned $4.01 EPS. The company's quarterly revenue was up 23.2% on a year-over-year basis. On average, analysts predict that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Tuesday, July 29th were given a $1.856 dividend. This represents a $7.42 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, July 29th. This is an increase from ASML's previous quarterly dividend of $1.64. ASML's payout ratio is currently 26.21%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ASML. Putney Financial Group LLC increased its holdings in ASML by 322.2% in the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after buying an additional 29 shares during the last quarter. Princeton Global Asset Management LLC grew its position in ASML by 153.8% in the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 20 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of ASML during the 1st quarter worth $27,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of ASML during the 2nd quarter worth $30,000. Finally, Washington Trust Advisors Inc. raised its holdings in shares of ASML by 129.4% during the 2nd quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 22 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

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.

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