ASML (NASDAQ:ASML) Stock Price Down 1.3%

ASML Holding (NASDAQ:ASML) shares dropped 1.3% during mid-day trading on Tuesday . The stock traded as low as $894.60 and last traded at $897.82. Approximately 210,623 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 1,217,869 shares. The stock had previously closed at $909.77.

Analysts Set New Price Targets

ASML has been the topic of several recent analyst reports. Cantor Fitzgerald initiated coverage on ASML in a research note on Tuesday, January 23rd. They issued an “overweight” rating on the stock. Susquehanna boosted their price target on ASML from $830.00 to $1,100.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Sanford C. Bernstein dropped their price target on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research note on Friday, April 12th. Kepler Capital Markets raised ASML from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Finally, Raymond James upped their target price on ASML from $850.00 to $1,000.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and an average target price of $1,036.00.

ASML Price Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 1.54. The stock has a market cap of $344.27 billion, a P/E ratio of 45.85, a P/E/G ratio of 2.29 and a beta of 1.49. The business has a 50 day simple moving average of $955.23 and a 200-day simple moving average of $809.40.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Monday, April 29th will be issued a dividend of $1.343 per share. The ex-dividend date of this dividend is Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a yield of 0.62%. ASML’s dividend payout ratio (DPR) is 32.99%.

Institutional Trading of ASML

A number of institutional investors have recently added to or reduced their stakes in ASML. Van ECK Associates Corp raised its holdings in shares of ASML by 34.6% in the 3rd quarter. Van ECK Associates Corp now owns 1,067,413 shares of the semiconductor company’s stock valued at $628,344,000 after acquiring an additional 274,562 shares in the last quarter. International Assets Investment Management LLC lifted its position in ASML by 48,040.7% in the 4th quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock worth $186,202,000 after buying an additional 245,488 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of ASML by 35.6% during the fourth quarter. Wellington Management Group LLP now owns 776,768 shares of the semiconductor company’s stock worth $587,951,000 after acquiring an additional 203,860 shares in the last quarter. Kodai Capital Management LP purchased a new stake in shares of ASML in the 4th quarter valued at $150,318,000. Finally, Barclays PLC grew its holdings in shares of ASML by 106.5% during the 3rd quarter. Barclays PLC now owns 336,956 shares of the semiconductor company’s stock valued at $198,353,000 after purchasing an additional 173,813 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

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.