ASML (NASDAQ:ASML) Trading Down 0.4%

ASML Holding (NASDAQ:ASML)’s stock price dropped 0.4% during trading on Wednesday . The stock traded as low as $897.63 and last traded at $898.04. Approximately 274,299 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 1,236,004 shares. The stock had previously closed at $901.57.

Analysts Set New Price Targets

ASML has been the subject of several research reports. Susquehanna boosted their price target on shares of ASML from $830.00 to $1,100.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Evercore ISI started coverage on shares of ASML in a research note on Tuesday, April 16th. They set an “outperform” rating for the company. Sanford C. Bernstein lowered their target price on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research note on Friday, April 12th. Raymond James boosted their target price on shares of ASML from $850.00 to $1,000.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 25th. Finally, Redburn Atlantic upgraded shares of ASML from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 20th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and an average target price of $1,036.00.

ASML Stock Up 1.6 %

The business’s fifty day moving average price is $955.81 and its 200 day moving average price is $802.24. The company has a quick ratio of 0.88, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $361.67 billion, a PE ratio of 46.09, a PEG ratio of 2.22 and a beta of 1.48.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.12 by $0.48. The firm had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.34 billion. ASML had a net margin of 27.23% and a return on equity of 56.99%. On average, equities research analysts forecast that ASML Holding will post 20.04 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th will be given a dividend of $1.343 per share. The ex-dividend date is Friday, April 26th. This represents a $5.37 annualized dividend and a yield of 0.59%. ASML’s payout ratio is currently 27.02%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Townsquare Capital LLC grew its position in shares of ASML by 11.5% in the third quarter. Townsquare Capital LLC now owns 8,516 shares of the semiconductor company’s stock valued at $5,013,000 after purchasing an additional 881 shares during the last quarter. Savoie Capital LLC purchased a new position in shares of ASML during the third quarter valued at approximately $14,658,000. International Assets Investment Management LLC lifted its stake in shares of ASML by 48,040.7% during the fourth quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock valued at $186,202,000 after buying an additional 245,488 shares during the period. CenterBook Partners LP lifted its stake in shares of ASML by 69.2% during the third quarter. CenterBook Partners LP now owns 11,529 shares of the semiconductor company’s stock valued at $6,787,000 after buying an additional 4,716 shares during the period. Finally, Meitav Investment House Ltd. lifted its stake in shares of ASML by 219.0% during the fourth quarter. Meitav Investment House Ltd. now owns 3,158 shares of the semiconductor company’s stock valued at $2,195,000 after buying an additional 2,168 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

About ASML

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.