ASML (NASDAQ:ASML) Stock Price Down 1.1% – Here’s Why

ASML Holding N.V. (NASDAQ:ASML) dropped 1.1% during mid-day trading on Tuesday . The company traded as low as $1,410.80 and last traded at $1,413.62. Approximately 1,198,761 shares were traded during trading, a decline of 46% from the average daily volume of 2,222,933 shares. The stock had previously closed at $1,429.49.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of ASML from $1,450.00 to $1,650.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a report on Thursday, January 29th. Susquehanna restated a “positive” rating on shares of ASML in a research report on Monday, January 12th. Grupo Santander cut ASML to an “underperform” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings lowered ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and a consensus target price of $1,475.00.

ASML Trading Down 1.1%

The business has a 50-day moving average price of $1,221.72 and a two-hundred day moving average price of $1,014.70. The company has a market cap of $555.89 billion, a P/E ratio of 54.74, a P/E/G ratio of 1.63 and a beta of 1.89. The company has a quick ratio of 0.79, a current ratio of 1.26 and a debt-to-equity ratio of 0.14.

ASML Increases Dividend

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

Institutional Trading of ASML

Hedge funds have recently modified their holdings of the company. Capstone Wealth Management Group LLC lifted its holdings in ASML by 5.2% during the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock worth $1,664,000 after acquiring an additional 124 shares in the last quarter. AQR Capital Management LLC raised its position in shares of ASML by 141.1% during the first quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock worth $4,553,000 after purchasing an additional 4,021 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of ASML by 153.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock worth $11,404,000 after purchasing an additional 10,411 shares during the period. Sivia Capital Partners LLC lifted 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 purchasing an additional 15 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC acquired a new position in shares of ASML in the 2nd quarter valued at approximately $224,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.