ASML (NASDAQ:ASML) Stock Price Down 4.3% – What’s Next?

ASML Holding N.V. (NASDAQ:ASML)’s share price traded down 4.3% during trading on Tuesday . The stock traded as low as $1,775.70 and last traded at $1,802.98. 1,503,055 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 1,860,161 shares. The stock had previously closed at $1,883.12.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ASML shares. JPMorgan Chase & Co. lifted their price target on shares of ASML from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research note on Friday, July 10th. Wall Street Zen lowered ASML from a “buy” rating to a “hold” rating in a research report on Saturday. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a report on Monday, June 1st. Finally, Citigroup reaffirmed a “buy” rating on shares of ASML in a research report on Friday, July 17th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and an average price target of $1,970.33.

ASML Stock Down 4.2%

The firm’s 50-day moving average price is $1,784.33 and its 200 day moving average price is $1,571.25. The firm has a market cap of $709.15 billion, a P/E ratio of 56.10, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The firm had revenue of $10.64 billion for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. As a group, research analysts expect that ASML Holding N.V. will post 44.85 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were issued a dividend of $2.1507 per share. This represents a $8.60 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML’s payout ratio is 22.59%.

Hedge Funds Weigh In On ASML

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. North Star Asset Management Inc. acquired a new stake in ASML in the 2nd quarter valued at approximately $51,424,000. Dearborn Partners LLC acquired a new position in ASML during the 2nd quarter worth $2,015,000. Trybe Capital Management LP bought a new position in shares of ASML in the second quarter worth $29,933,000. Capital Square LLC bought a new position in shares of ASML in the second quarter worth $280,000. Finally, Elefante Mark B acquired a new position in shares of ASML during the second quarter valued at $2,126,000. 26.07% of the stock is owned by 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.