ASML (NASDAQ:ASML) Shares Down 1.8% - What's Next?

Key Points

• ASML shares fell 1.8% to $1,665.14 in relatively light trading, below the stock’s 50-day moving average of $1,760.29 but above its 200-day average of $1,594.78.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $1,970.33, despite one brokerage downgrading the stock to “Hold.”
• ASML reported quarterly earnings of $8.65 per share on $10.62 billion in revenue and declared a quarterly dividend of $2.1507 per share, equivalent to a 0.5% yield.

ASML Holding N.V. (NASDAQ:ASML - Get Free Report)'s share price was down 1.8% during trading on Tuesday . The stock traded as low as $1,651.21 and last traded at $1,665.14. Approximately 905,083 shares changed hands during trading, a decline of 50% from the average session volume of 1,813,737 shares. The stock had previously closed at $1,696.01.

Analyst Ratings Changes

A number of brokerages recently issued reports on ASML. Wall Street Zen cut shares of ASML from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Royal Bank Of Canada raised their price objective on shares of ASML from $1,700.00 to $2,000.00 and gave the stock an "outperform" rating in a report on Tuesday, July 14th. Wells Fargo & Company boosted their target price on ASML from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Barclays reaffirmed an "overweight" rating on shares of ASML in a report on Thursday, July 16th. Finally, Argus set a $2,100.00 price objective on ASML in a research report on Thursday, July 16th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, ASML currently has an average rating of "Moderate Buy" and a consensus price target of $1,970.33.

ASML Trading Down 1.8%

The business's 50-day moving average price is $1,760.29 and its two-hundred day moving average price is $1,594.78. 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 company has a market capitalization of $654.87 billion, a P/E ratio of 51.81, a PEG ratio of 0.84 and a beta of 1.79.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The firm had revenue of $10.62 billion for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. As a group, analysts forecast that ASML Holding N.V. will post 44.99 EPS for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were given a dividend of $2.1507 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 annualized dividend and a yield of 0.5%. ASML's payout ratio is 22.62%.

Hedge Funds Weigh In On ASML

Hedge funds have recently modified their holdings of the stock. Cornerstone Financial Management LLC acquired a new stake in shares of ASML in the 4th quarter valued at approximately $26,000. NBH Bank bought a new position in shares of ASML in the 2nd quarter valued at about $26,000. Binnacle Investments Inc increased its stake in shares of ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 15 shares during the last quarter. Resources Management Corp CT ADV increased its stake in shares of ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 23 shares during the last quarter. Finally, Field & Main Bank bought a new stake in shares of ASML in the 2nd quarter valued at about $30,000. Institutional investors own 26.07% of the company's stock.

About ASML

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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