ASML (NASDAQ:ASML) Shares Down 2.2% - Should You Sell?

Key Points

• ASML shares fell 2.2% to $1,696.16, trading below the 50-day moving average of $1,769.62 but above the 200-day average of $1,590.92.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $1,970.33, although Zacks Research downgraded the stock to “Hold.”
• ASML reported $8.65 in quarterly EPS on $10.62 billion in revenue, supported by a 30.11% net margin and 52.71% return on equity; its annualized dividend yield is modest at 0.5%.

ASML Holding N.V. (NASDAQ:ASML - Get Free Report) shares dropped 2.2% on Friday . The company traded as low as $1,692.88 and last traded at $1,696.16. Approximately 1,241,746 shares changed hands during trading, a decline of 32% from the average daily volume of 1,822,776 shares. The stock had previously closed at $1,735.01.

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of research analyst reports. Zacks Research lowered ASML from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 3rd. Sanford C. Bernstein upped their price objective on ASML from $1,971.00 to $2,623.00 and gave the stock an "outperform" rating in a research report on Monday, July 6th. UBS Group reissued a "buy" rating on shares of ASML in a research report on Wednesday, July 1st. Susquehanna reiterated a "positive" rating on shares of ASML in a report on Tuesday, June 30th. Finally, Jefferies Financial Group reaffirmed a "neutral" rating on shares of ASML in a research report on Monday, June 1st. Four analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,970.33.

ASML Trading Down 2.2%

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 business's 50-day simple moving average is $1,769.62 and its 200-day simple moving average is $1,590.92. The company has a market cap of $667.07 billion, a price-to-earnings ratio of 52.77, a PEG ratio of 0.87 and a beta of 1.79.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The business had revenue of $10.62 billion during the quarter. Research analysts predict that ASML Holding N.V. will post 44.92 earnings per share for the current fiscal year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were issued a $2.1507 dividend. This represents a $8.60 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Tuesday, July 28th. ASML's dividend payout ratio (DPR) is 22.62%.

Institutional Investors Weigh In On ASML

Several institutional investors have recently bought and sold shares of the business. Boston Common Asset Management LLC bought a new stake in ASML during the first quarter valued at $4,355,000. Cambridge Investment Research Advisors Inc. increased its position in shares of ASML by 3.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company's stock valued at $24,036,000 after purchasing an additional 760 shares during the period. Keudell Morrison Wealth Management acquired a new position in ASML during the fourth quarter worth about $1,402,000. Puzo Michael J bought a new stake in shares of ASML in the 2nd quarter worth approximately $1,795,000. Finally, Robertson Stephens Wealth Management LLC boosted its holdings in ASML by 507.0% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 2,695 shares of the semiconductor company's stock worth $2,883,000 after buying an additional 2,251 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

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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