ASML (NASDAQ:ASML) Stock Price Down 1.3%

Shares of ASML Holding (NASDAQ:ASML - Get Free Report) dropped 1.3% on Tuesday . The company traded as low as $894.60 and last traded at $897.82. Approximately 210,623 shares changed hands during trading, a decline of 83% from the average daily volume of 1,217,869 shares. The stock had previously closed at $909.77.

Analyst Ratings Changes

Several analysts have recently commented on the company. Redburn Atlantic upgraded ASML from a "sell" rating to a "neutral" rating in a report on Tuesday, February 20th. Sanford C. Bernstein decreased their price objective on shares of ASML from $1,072.00 to $1,052.00 and set an "outperform" rating on the stock in a report on Friday, April 12th. Wells Fargo & Company boosted their target price on shares of ASML from $1,050.00 to $1,150.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 2nd. Evercore ISI started coverage on shares of ASML in a research note on Tuesday, April 16th. They set an "outperform" rating on the stock. Finally, Susquehanna raised their price target on shares of ASML from $830.00 to $1,100.00 and gave the company a "positive" rating in a report on Friday, January 26th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, ASML has a consensus rating of "Moderate Buy" and a consensus target price of $1,036.00.

ASML Price Performance

The firm has a market capitalization of $344.27 billion, a price-to-earnings ratio of 44.56, a price-to-earnings-growth ratio of 2.29 and a beta of 1.49. The company has a quick ratio of 0.88, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. The company's fifty day moving average is $954.49 and its two-hundred day moving average is $811.32.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th will be paid a $1.343 dividend. This represents a $5.37 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, April 26th. ASML's dividend payout ratio (DPR) is currently 32.99%.

Institutional Investors Weigh In On ASML

Institutional investors have recently made changes to their positions in the stock. American Capital Advisory LLC acquired a new stake in ASML during the 1st quarter worth $26,000. WD Rutherford LLC bought a new stake in shares of ASML in the first quarter worth about $29,000. ZRC Wealth Management LLC acquired a new stake in shares of ASML during the first quarter worth about $39,000. Rocky Mountain Advisers LLC lifted its holdings in shares of ASML by 110.0% during the 1st quarter. Rocky Mountain Advisers LLC now owns 42 shares of the semiconductor company's stock valued at $41,000 after purchasing an additional 22 shares in the last quarter. Finally, Carmel Capital Partners LLC grew its position in shares of ASML by 200.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 45 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 30 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

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.