ASML (NASDAQ:ASML) Reaches New 1-Year Low – Here’s Why

ASML Holding (NASDAQ:ASML) hit a new 52-week low on Monday . The company traded as low as $650.50 and last traded at $650.50, with a volume of 50389 shares. The stock had previously closed at $658.63.

Analyst Upgrades and Downgrades

ASML has been the topic of a number of research analyst reports. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Susquehanna decreased their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. JPMorgan Chase & Co. decreased their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Finally, Wells Fargo & Company reduced their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Price Performance

The company has a market capitalization of $256.34 billion, a PE ratio of 34.48, a PEG ratio of 1.90 and a beta of 1.51. The firm has a fifty day moving average of $756.70 and a two-hundred day moving average of $881.85. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last issued its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The company had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. Research analysts anticipate that ASML Holding will post 20.77 EPS for the current fiscal year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were issued a $1.407 dividend. This represents a $5.63 annualized dividend and a yield of 0.86%. The ex-dividend date was Tuesday, October 29th. ASML’s dividend payout ratio (DPR) is currently 29.21%.

Institutional Investors Weigh In On ASML

Institutional investors and hedge funds have recently bought and sold shares of the business. Fairway Wealth LLC purchased a new stake in ASML in the 3rd quarter worth approximately $25,000. Resources Management Corp CT ADV purchased a new stake in ASML in the 2nd quarter worth approximately $26,000. Milestone Investment Advisors LLC purchased a new position in shares of ASML in the 3rd quarter valued at approximately $28,000. Triad Wealth Partners LLC purchased a new position in shares of ASML in the 2nd quarter valued at approximately $31,000. Finally, First Community Trust NA purchased a new position in shares of ASML in the 2nd quarter valued at approximately $34,000. 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.