ASML (NASDAQ:ASML) Shares Down 1.2%

ASML Holding (NASDAQ:ASML)’s share price was down 1.2% during trading on Monday . The stock traded as low as $1,022.15 and last traded at $1,024.32. Approximately 184,265 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 1,140,192 shares. The stock had previously closed at $1,036.60.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ASML shares. Sanford C. Bernstein decreased their price target on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research note on Friday, April 12th. Evercore ISI started coverage on ASML in a research note on Tuesday, April 16th. They set an “outperform” rating on the stock. Finally, Wells Fargo & Company increased their target price on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,043.00.

ASML Stock Down 0.7 %

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 1.54. The company has a market cap of $401.14 billion, a price-to-earnings ratio of 51.92, a price-to-earnings-growth ratio of 2.16 and a beta of 1.49. The business has a 50-day simple moving average of $956.18 and a 200-day simple moving average of $902.70.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, April 17th. The semiconductor company reported $3.38 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.54. ASML had a return on equity of 56.99% and a net margin of 27.23%. The business had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.73 billion. On average, equities analysts anticipate that ASML Holding will post 20.12 earnings per share for the current fiscal year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Monday, April 29th were paid a dividend of $1.343 per share. The ex-dividend date of this dividend was Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a yield of 0.53%. ASML’s dividend payout ratio is presently 32.53%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its position in ASML by 2.2% during the 4th quarter. Fisher Asset Management LLC now owns 4,977,359 shares of the semiconductor company’s stock worth $3,767,464,000 after acquiring an additional 105,196 shares during the period. Jennison Associates LLC lifted its position in ASML by 50.0% during the 1st quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after acquiring an additional 572,996 shares during the period. GQG Partners LLC lifted its position in ASML by 21.6% during the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after acquiring an additional 294,784 shares during the period. Sands Capital Management LLC lifted its position in ASML by 8.1% during the 4th quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock worth $1,224,002,000 after acquiring an additional 121,847 shares during the period. Finally, Clearbridge Investments LLC lifted its position in ASML by 2.7% during the 4th quarter. Clearbridge Investments LLC now owns 1,247,197 shares of the semiconductor company’s stock worth $944,028,000 after acquiring an additional 32,623 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Company Profile

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.