ASML (NASDAQ:ASML) Stock Price Down 2.2% – Here’s What Happened

ASML Holding N.V. (NASDAQ:ASML) fell 2.2% during mid-day trading on Friday . The company traded as low as $1,692.88 and last traded at $1,696.16. Approximately 1,241,746 shares were traded during mid-day trading, a decline of 32% from the average session volume of 1,822,776 shares. The stock had previously closed at $1,735.01.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of ASML from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Sanford C. Bernstein upped their price target on ASML from $1,971.00 to $2,623.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Morgan Stanley restated an “overweight” rating on shares of ASML in a research report on Tuesday, July 7th. Morningstar cut ASML to a “sell” rating in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research report on Monday, June 1st. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,970.33.

ASML Stock Performance

The firm has a fifty day simple moving average of $1,769.62 and a 200 day simple moving average of $1,590.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. The company has a market cap of $667.07 billion, a price-to-earnings ratio of 52.77, a P/E/G ratio of 0.87 and a beta of 1.79.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The business had revenue of $10.62 billion during the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. On average, sell-side analysts expect that ASML Holding N.V. will post 44.92 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were issued a $2.1507 dividend. This represents a $8.60 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML’s payout ratio is 22.62%.

Institutional Trading of ASML

Institutional investors have recently made changes to their positions in the business. Fisher Asset Management LLC raised its position in ASML by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company’s stock worth $4,798,268,000 after purchasing an additional 132,353 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of ASML by 31.7% during the 2nd quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company’s stock worth $4,892,869,000 after buying an additional 592,125 shares during the period. Arrowstreet Capital Limited Partnership grew its position in ASML by 6.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock valued at $2,168,227,000 after acquiring an additional 96,860 shares during the period. Bank of America Corp DE raised its stake in ASML by 1.2% during the first quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company’s stock worth $2,060,833,000 after acquiring an additional 19,051 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of ASML by 14.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,526,411 shares of the semiconductor company’s stock valued at $1,633,046,000 after acquiring an additional 193,068 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.