ASML (NASDAQ:ASML) Trading Down 2.1% - Time to Sell?

Key Points

• ASML shares fell 2.1% to $1,646.19, below their 50-day moving average but above the 200-day average. Trading volume was about 31% below the daily average.
• Analyst sentiment remains broadly positive: the stock has a consensus rating of “Moderate Buy” and an average price target of $1,970.33, although Morningstar downgraded it to “sell.”
• ASML reported $8.65 in quarterly earnings per share on $10.62 billion in revenue, while its annualized dividend is $8.60 per share, yielding approximately 0.5%.

Shares of ASML Holding N.V. (NASDAQ:ASML - Get Free Report) dropped 2.1% during trading on Thursday . The stock traded as low as $1,619.34 and last traded at $1,646.19. Approximately 1,252,241 shares were traded during trading, a decline of 31% from the average daily volume of 1,805,437 shares. The stock had previously closed at $1,682.30.

Analysts Set New Price Targets

ASML has been the topic of several recent research reports. Citigroup reaffirmed a "buy" rating on shares of ASML in a report on Friday, July 17th. Royal Bank Of Canada lifted their price objective on ASML from $1,700.00 to $2,000.00 and gave the stock an "outperform" rating in a report on Tuesday, July 14th. DZ Bank upgraded ASML from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Morningstar lowered ASML to a "sell" rating in a research report on Wednesday, May 27th. Finally, Bank of America boosted their price objective on ASML from $2,268.00 to $2,345.00 and gave the company a "buy" rating in a research report on Monday, June 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,970.33.

ASML Price Performance

The business has a 50-day simple moving average of $1,756.50 and a 200 day simple moving average of $1,598.34. The firm has a market cap of $647.41 billion, a P/E ratio of 51.22, a price-to-earnings-growth ratio of 0.82 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share 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. On average, analysts anticipate that ASML Holding N.V. will post 44.99 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently disclosed 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. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML's payout ratio is presently 22.62%.

Institutional Investors Weigh In On ASML

Several institutional investors and hedge funds have recently modified their holdings of the stock. NBH Bank purchased a new stake in ASML in the second quarter worth about $26,000. Field & Main Bank purchased a new position in shares of ASML during the 2nd quarter worth approximately $30,000. Tsfg LLC bought a new position in shares of ASML in the 2nd quarter worth approximately $44,000. Cornerstone Financial Management LLC bought a new position in shares of ASML in the 4th quarter worth approximately $26,000. Finally, Portus Wealth Advisors LLC purchased a new position in shares of ASML in the 1st quarter valued at approximately $32,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Company Profile

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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