ASML (NASDAQ:ASML) Stock Price Down 2.7% – What’s Next?

ASML Holding N.V. (NASDAQ:ASML) fell 2.7% during trading on Thursday . The company traded as low as $1,102.17 and last traded at $1,110.08. 1,487,839 shares were traded during mid-day trading, a decline of 11% from the average session volume of 1,674,012 shares. The stock had previously closed at $1,140.92.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ASML. Rothschild Redb upgraded ASML from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Morningstar lowered shares of ASML to a “hold” rating in a research report on Thursday, September 18th. Bank of America upped their price objective on shares of ASML from $1,092.00 to $1,331.00 and gave the stock a “buy” rating in a research report on Wednesday. Bank Degroof cut shares of ASML to a “hold” rating in a research report on Friday, October 10th. Finally, Susquehanna upped their target price on ASML from $965.00 to $1,150.00 and gave the company a “positive” rating in a report on Friday, October 10th. Four research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,171.83.

ASML Stock Down 1.0%

The stock’s 50-day moving average price is $1,028.77 and its two-hundred day moving average price is $862.98. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $432.40 billion, a P/E ratio of 44.75, a P/E/G ratio of 1.72 and a beta of 1.87.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, beating the consensus estimate of $6.27 by $0.14. The business had revenue of $8.80 billion for the quarter, compared to the consensus estimate of $8.99 billion. ASML had a return on equity of 47.74% and a net margin of 27.08%.ASML’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.28 earnings per share. As a group, research analysts expect that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th were issued a dividend of $1.857 per share. This represents a $7.43 annualized dividend and a yield of 0.7%. This is a boost from ASML’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend was Wednesday, October 29th. ASML’s payout ratio is currently 25.80%.

Institutional Trading of ASML

A number of institutional investors have recently modified their holdings of ASML. Fisher Asset Management LLC boosted its holdings in shares of ASML by 2.6% in the third quarter. Fisher Asset Management LLC now owns 4,352,596 shares of the semiconductor company’s stock worth $4,213,705,000 after acquiring an additional 108,342 shares during the period. Capital International Investors grew its holdings in ASML by 17.3% during the 3rd quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock valued at $3,791,982,000 after buying an additional 577,448 shares in the last quarter. Van ECK Associates Corp increased its position in shares of ASML by 16.6% during the third quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock valued at $2,079,948,000 after buying an additional 305,435 shares during the period. WCM Investment Management LLC lifted its holdings in shares of ASML by 24.9% in the third quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock worth $1,861,445,000 after buying an additional 385,502 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of ASML by 8.3% in the third quarter. Bank of America Corp DE now owns 1,865,254 shares of the semiconductor company’s stock valued at $1,805,733,000 after acquiring an additional 142,763 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

About ASML

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.