ASML (NASDAQ:ASML) Stock Price Down 0.1% – Time to Sell?

ASML Holding (NASDAQ:ASML) fell 0.1% on Tuesday . The stock traded as low as $659.71 and last traded at $664.80. 322,457 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 1,438,168 shares. The stock had previously closed at $665.23.

Analyst Upgrades and Downgrades

ASML has been the topic of several research reports. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Wells Fargo & Company cut their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Finally, Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Trading Down 0.6 %

The company’s 50-day moving average is $755.01 and its 200-day moving average is $880.41. The firm has a market cap of $260.21 billion, a price-to-earnings ratio of 34.32, a P/E/G ratio of 1.90 and a beta of 1.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55.

ASML (NASDAQ:ASML) last released its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. On average, research analysts predict that ASML Holding will post 20.77 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were paid a dividend of $1.407 per share. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.85%. ASML’s payout ratio is 29.21%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ASML. Resources Management Corp CT ADV bought a new position in ASML in the 2nd quarter valued at about $26,000. Triad Wealth Partners LLC acquired a new stake in ASML in the second quarter valued at approximately $31,000. Fairway Wealth LLC bought a new position in shares of ASML during the third quarter valued at $25,000. First Community Trust NA bought a new stake in shares of ASML during the 2nd quarter valued at about $34,000. Finally, Milestone Investment Advisors LLC bought a new stake in ASML in the third quarter valued at $28,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

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.