ASML (NASDAQ:ASML) Shares Down 0.2% – Should You Sell?

ASML Holding (NASDAQ:ASML) traded down 0.2% during mid-day trading on Thursday . The company traded as low as $659.61 and last traded at $670.48. 1,231,751 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 1,449,758 shares. The stock had previously closed at $671.97.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein cut their price target on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Finally, Susquehanna cut their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Stock Down 0.2 %

The firm’s fifty day simple moving average is $737.53 and its 200 day simple moving average is $868.72. The company has a market cap of $263.78 billion, a price-to-earnings ratio of 35.10, a PEG ratio of 1.99 and a beta of 1.51. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The company had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. Sell-side analysts predict that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were paid a $1.407 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 annualized dividend and a yield of 0.84%. ASML’s dividend payout ratio is currently 29.21%.

Institutional Trading of ASML

Institutional investors have recently modified their holdings of the stock. Fairway Wealth LLC acquired a new stake in ASML during the 3rd quarter worth $25,000. Resources Management Corp CT ADV acquired a new stake in shares of ASML during the second quarter worth about $26,000. Milestone Investment Advisors LLC purchased a new stake in shares of ASML in the 3rd quarter valued at about $28,000. Triad Wealth Partners LLC acquired a new stake in shares of ASML in the 2nd quarter valued at about $31,000. Finally, First Community Trust NA purchased a new position in ASML during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors 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.