ASML (NASDAQ:ASML) Shares Down 0.6%

ASML Holding (NASDAQ:ASML) shares were down 0.6% on Wednesday . The company traded as low as $1,014.00 and last traded at $1,016.81. Approximately 349,499 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 1,137,838 shares. The stock had previously closed at $1,023.34.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ASML. Sanford C. Bernstein decreased their price target on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Evercore ISI initiated coverage on ASML in a research note on Tuesday, April 16th. They set an “outperform” rating on the stock. Finally, Wells Fargo & Company lifted their target price on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Three 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,043.00.

ASML Price Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 0.88. The stock has a market capitalization of $399.58 billion, a P/E ratio of 51.71, a price-to-earnings-growth ratio of 2.16 and a beta of 1.49. The business’s 50 day moving average price is $956.18 and its 200 day moving average price is $902.70.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.54. ASML had a net margin of 27.23% and a return on equity of 56.99%. The firm had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.73 billion. Sell-side analysts forecast that ASML Holding will post 20.12 EPS for the current year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were paid a dividend of $1.343 per share. This represents a $5.37 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, April 26th. ASML’s payout ratio is 32.53%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ASML. American Capital Advisory LLC acquired a new position in shares of ASML during the first quarter valued at about $26,000. WD Rutherford LLC purchased a new stake in shares of ASML in the 1st quarter valued at $29,000. LRI Investments LLC acquired a new position in ASML during the 1st quarter worth about $37,000. ZRC Wealth Management LLC purchased a new position in ASML during the 1st quarter valued at about $39,000. Finally, Rocky Mountain Advisers LLC grew its position in ASML by 110.0% in the 1st quarter. Rocky Mountain Advisers LLC now owns 42 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 22 shares in the last quarter. 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.