ASML (NASDAQ:ASML) Stock Price Down 0.9% - Time to Sell?

ASML Holding (NASDAQ:ASML - Get Free Report) shares fell 0.9% during mid-day trading on Tuesday . The stock traded as low as $663.00 and last traded at $666.93. 293,748 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 1,633,454 shares. The stock had previously closed at $672.76.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ASML. Wells Fargo & Company decreased their price objective on ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. cut their target price on ASML from $1,148.00 to $1,100.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Susquehanna cut their target price 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. Finally, DZ Bank upgraded ASML from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $906.00.

ASML Stock Performance

The firm has a market capitalization of $262.57 billion, a P/E ratio of 32.07, a price-to-earnings-growth ratio of 1.62 and a beta of 1.67. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The business's 50 day simple moving average is $683.02 and its two-hundred day simple moving average is $703.96.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.12 by $0.19. ASML had a net margin of 26.78% and a return on equity of 47.73%. The business had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $7.90 billion. Sell-side analysts anticipate that ASML Holding will post 25.17 EPS for the current fiscal year.

ASML Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 28th will be given a $1.6414 dividend. The ex-dividend date is Monday, April 28th. This represents a $6.57 dividend on an annualized basis and a yield of 0.98%. ASML's payout ratio is currently 27.48%.

Institutional Investors Weigh In On ASML

A number of hedge funds have recently added to or reduced their stakes in ASML. Putney Financial Group LLC lifted its position in ASML by 322.2% in the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 29 shares during the period. Kennebec Savings Bank raised its holdings in shares of ASML by 227.3% during the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company's stock valued at $26,000 after buying an additional 25 shares during the period. Wellington Shields & Co. LLC lifted its holdings in shares of ASML by 740.0% in the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 37 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in shares of ASML in the 4th quarter worth approximately $31,000. Finally, Wayfinding Financial LLC bought a new stake in shares of ASML in the 1st quarter worth approximately $35,000. 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.