ASML (NASDAQ:ASML) Shares Down 0.9%

ASML Holding (NASDAQ:ASML) dropped 0.9% on Monday . The stock traded as low as $914.26 and last traded at $922.35. Approximately 305,895 shares were traded during trading, a decline of 74% from the average daily volume of 1,185,541 shares. The stock had previously closed at $930.29.

Analyst Ratings Changes

A number of research firms have issued reports on ASML. Evercore ISI assumed coverage on ASML in a research note on Tuesday, April 16th. They issued an “outperform” rating on the stock. Susquehanna increased their price objective on shares of ASML from $830.00 to $1,100.00 and gave the company a “positive” rating in a research report on Friday, January 26th. HSBC started coverage on shares of ASML in a research report on Thursday, February 22nd. They set a “buy” rating on the stock. Sanford C. Bernstein decreased their price objective on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research report on Friday, April 12th. Finally, Cantor Fitzgerald started coverage on ASML in a research report on Tuesday, January 23rd. They set an “overweight” rating on the stock. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,036.00.

ASML Trading Down 1.4 %

The stock has a fifty day moving average of $947.30 and a 200-day moving average of $828.71. The company has a market cap of $361.93 billion, a PE ratio of 46.85, a PEG ratio of 2.32 and a beta of 1.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 1.54.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.54. The firm had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.73 billion. ASML had a net margin of 27.23% and a return on equity of 56.99%. Sell-side analysts anticipate that ASML Holding will post 20.04 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th were given a dividend of $1.343 per share. This represents a $5.37 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Friday, April 26th. ASML’s dividend payout ratio (DPR) is presently 32.53%.

Institutional Trading of ASML

A number of large investors have recently modified their holdings of ASML. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of ASML by 37.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,292 shares of the semiconductor company’s stock valued at $3,704,000 after acquiring an additional 1,718 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in shares of ASML by 48.7% during the third quarter. Perigon Wealth Management LLC now owns 956 shares of the semiconductor company’s stock valued at $563,000 after purchasing an additional 313 shares in the last quarter. Choate Investment Advisors bought a new position in ASML in the third quarter worth approximately $413,000. Congress Wealth Management LLC DE lifted its holdings in ASML by 9.1% during the third quarter. Congress Wealth Management LLC DE now owns 1,707 shares of the semiconductor company’s stock worth $1,005,000 after buying an additional 143 shares during the period. Finally, CIBC Asset Management Inc raised its position in shares of ASML by 11.0% in the 3rd quarter. CIBC Asset Management Inc now owns 23,547 shares of the semiconductor company’s stock worth $13,861,000 after acquiring an additional 2,329 shares in 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.