ASML (NASDAQ:ASML) Trading Down 1.1%

ASML Holding (NASDAQ:ASML) traded down 1.1% on Tuesday . The company traded as low as $1,062.42 and last traded at $1,065.33. 301,995 shares were traded during trading, a decline of 73% from the average session volume of 1,117,294 shares. The stock had previously closed at $1,077.39.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Evercore ISI initiated coverage on ASML in a report on Tuesday, April 16th. They set an “outperform” rating for the company. Wells Fargo & Company raised their target price on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Sanford C. Bernstein cut their price target 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, Susquehanna upped their price target on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,083.00.

ASML Price Performance

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 company has a market cap of $419.25 billion, a price-to-earnings ratio of 55.11, a price-to-earnings-growth ratio of 2.28 and a beta of 1.49. The company has a fifty day simple moving average of $992.65 and a two-hundred day simple moving average of $925.79.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.54. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.73 billion. ASML had a return on equity of 56.99% and a net margin of 27.23%. On average, equities research analysts anticipate that ASML Holding will post 20.12 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Monday, April 29th were paid a dividend of $1.343 per share. This represents a $5.37 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Friday, April 26th. ASML’s payout ratio is currently 32.48%.

Institutional Trading of ASML

A number of large investors have recently made changes to their positions in the stock. Fisher Asset Management LLC boosted its stake in shares of ASML by 2.2% during the fourth quarter. Fisher Asset Management LLC now owns 4,977,359 shares of the semiconductor company’s stock valued at $3,767,464,000 after acquiring an additional 105,196 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of ASML by 50.0% during the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after acquiring an additional 572,996 shares during the last quarter. GQG Partners LLC boosted its stake in shares of ASML by 21.6% during the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after acquiring an additional 294,784 shares during the last quarter. Sands Capital Management LLC lifted its position in ASML by 8.1% during the fourth quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock worth $1,224,002,000 after buying an additional 121,847 shares during the period. Finally, Clearbridge Investments LLC lifted its position in ASML by 2.7% during the fourth quarter. Clearbridge Investments LLC now owns 1,247,197 shares of the semiconductor company’s stock worth $944,028,000 after buying an additional 32,623 shares during the period. Institutional investors and hedge funds 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.