ASML (NASDAQ:ASML) Stock Price Down 0.2% – What’s Next?

ASML Holding (NASDAQ:ASML)’s stock price traded down 0.2% during mid-day trading on Friday . The company traded as low as $696.28 and last traded at $708.73. 595,055 shares were traded during mid-day trading, a decline of 59% from the average session volume of 1,452,766 shares. The stock had previously closed at $710.26.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. JPMorgan Chase & Co. lowered their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. BNP Paribas assumed coverage on ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price objective for the company. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Susquehanna lowered their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $943.83.

ASML Trading Down 0.6 %

The stock has a 50-day simple moving average of $697.72 and a 200 day simple moving average of $841.01. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a market cap of $277.63 billion, a price-to-earnings ratio of 36.95, a PEG ratio of 2.07 and a beta of 1.49.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The business had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. As a group, equities research analysts predict that ASML Holding will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were paid a dividend of $1.407 per share. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.80%. ASML’s payout ratio is currently 29.21%.

Hedge Funds Weigh In On ASML

A number of institutional investors have recently modified their holdings of ASML. Fairway Wealth LLC purchased a new position in shares of ASML during the 3rd quarter valued at about $25,000. Resources Management Corp CT ADV purchased a new position in shares of ASML in the 2nd quarter valued at about $26,000. Milestone Investment Advisors LLC purchased a new position in shares of ASML in the 3rd quarter valued at about $28,000. Ridgewood Investments LLC purchased a new position in shares of ASML in the 2nd quarter valued at about $39,000. Finally, Private Ocean LLC increased its stake in shares of ASML by 58.3% in the 2nd quarter. Private Ocean LLC now owns 38 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 14 shares in the last quarter. 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.