ASML (NASDAQ:ASML) Shares Down 4.1% – What’s Next?

ASML Holding N.V. (NASDAQ:ASML) shares dropped 4.1% during mid-day trading on Wednesday . The company traded as low as $1,316.06 and last traded at $1,339.13. Approximately 2,468,333 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 2,344,587 shares. The stock had previously closed at $1,395.88.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ASML shares. Susquehanna reissued a “positive” rating on shares of ASML in a report on Monday, January 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research report on Thursday, January 29th. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a report on Wednesday, January 28th. KGI Securities set a $1,415.00 price objective on shares of ASML and gave the company an “outperform” rating in a research note on Thursday, January 15th. Finally, DZ Bank reaffirmed a “neutral” rating on shares of ASML in a report on Wednesday, October 15th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and an average target price of $1,475.00.

ASML Trading Down 4.1%

The company has a quick ratio of 0.79, a current ratio of 1.26 and a debt-to-equity ratio of 0.14. The firm’s fifty day moving average is $1,195.60 and its two-hundred day moving average is $995.93. The firm has a market cap of $526.65 billion, a P/E ratio of 51.86, a PEG ratio of 1.66 and a beta of 1.89.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Monday, April 27th will be given a dividend of $3.1771 per share. This is an increase from ASML’s previous quarterly dividend of $1.88. This represents a $12.71 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, April 27th. ASML’s dividend payout ratio is presently 24.55%.

Institutional Trading of ASML

Several large investors have recently bought and sold shares of the company. Capstone Wealth Management Group LLC boosted its position in shares of ASML by 5.2% during the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock valued at $1,664,000 after purchasing an additional 124 shares in the last quarter. AQR Capital Management LLC lifted its position in ASML by 141.1% during the first quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock valued at $4,553,000 after buying an additional 4,021 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of ASML by 153.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock valued at $11,404,000 after buying an additional 10,411 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of ASML by 1.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock valued at $936,000 after buying an additional 15 shares in the last quarter. Finally, Simplicity Wealth LLC grew its position in shares of ASML by 151.1% in the 2nd quarter. Simplicity Wealth LLC now owns 939 shares of the semiconductor company’s stock worth $753,000 after buying an additional 565 shares during the period. 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.