ASML (NASDAQ:ASML) Trading Down 1.1% – Should You Sell?

ASML Holding N.V. (NASDAQ:ASML)’s share price was down 1.1% during trading on Tuesday . The stock traded as low as $1,065.94 and last traded at $1,076.05. Approximately 950,207 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 1,657,696 shares. The stock had previously closed at $1,087.82.

Analyst Ratings Changes

A number of analysts have weighed in on ASML shares. Evercore ISI reissued an “outperform” rating on shares of ASML in a report on Thursday, October 16th. New Street Research reaffirmed a “neutral” rating on shares of ASML in a research report on Monday, October 6th. DZ Bank reiterated a “neutral” rating on shares of ASML in a research note on Wednesday, October 15th. UBS Group restated a “buy” rating on shares of ASML in a research note on Thursday, December 11th. Finally, Arete Research upgraded ASML to a “strong-buy” rating in a research report on Friday, September 12th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,171.83.

ASML Trading Down 1.1%

The company has a 50 day simple moving average of $1,040.82 and a 200 day simple moving average of $880.07. 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 $423.19 billion, a PE ratio of 43.80, a P/E/G ratio of 1.68 and a beta of 1.87.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, beating the consensus estimate of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The business had revenue of $8.80 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter in the previous year, the firm earned $5.28 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. Analysts predict that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th were issued a $1.857 dividend. This represents a $7.43 annualized dividend and a yield of 0.7%. This is a positive change from ASML’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend was Wednesday, October 29th. ASML’s dividend payout ratio is currently 25.76%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ASML. FNY Investment Advisers LLC increased its stake in ASML by 1,751.9% in the third quarter. FNY Investment Advisers LLC now owns 2,500 shares of the semiconductor company’s stock valued at $2,420,000 after purchasing an additional 2,365 shares during the last quarter. Severin Investments LLC grew its holdings in ASML by 5.8% in the 3rd quarter. Severin Investments LLC now owns 688 shares of the semiconductor company’s stock valued at $666,000 after buying an additional 38 shares during the period. Allworth Financial LP increased its stake in shares of ASML by 4.3% during the 3rd quarter. Allworth Financial LP now owns 3,281 shares of the semiconductor company’s stock valued at $3,176,000 after acquiring an additional 134 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of ASML by 25.6% during the 3rd quarter. IFP Advisors Inc now owns 2,096 shares of the semiconductor company’s stock worth $2,029,000 after acquiring an additional 427 shares during the period. Finally, Tevis Investment Management boosted its position in shares of ASML by 0.8% in the third quarter. Tevis Investment Management now owns 2,132 shares of the semiconductor company’s stock worth $2,064,000 after acquiring an additional 17 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

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.