ASML (NASDAQ:ASML) Stock Price Down 0.4% – Time to Sell?

ASML Holding (NASDAQ:ASML) shares dropped 0.4% during mid-day trading on Monday . The company traded as low as $707.08 and last traded at $708.98. Approximately 1,215,435 shares traded hands during trading, a decline of 33% from the average daily volume of 1,826,613 shares. The stock had previously closed at $711.50.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Sanford C. Bernstein decreased their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. lowered their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, ASML has an average rating of “Moderate Buy” and an average target price of $943.83.

ASML Trading Up 0.4 %

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The stock has a market cap of $279.99 billion, a PE ratio of 37.12, a PEG ratio of 2.06 and a beta of 1.49. The company’s fifty day moving average is $721.01 and its 200-day moving average is $857.41.

ASML (NASDAQ:ASML) last issued its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. The firm had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. On average, analysts predict that ASML Holding will post 20.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were given a dividend of $1.407 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.79%. ASML’s dividend payout ratio is currently 29.21%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Fairway Wealth LLC purchased a new stake in shares of ASML during the third quarter worth approximately $25,000. Resources Management Corp CT ADV purchased a new stake in shares of ASML during the second quarter worth $26,000. Milestone Investment Advisors LLC purchased a new position in shares of ASML in the third quarter worth about $28,000. Triad Wealth Partners LLC purchased a new stake in ASML during the 2nd quarter valued at about $31,000. Finally, POM Investment Strategies LLC acquired a new stake in ASML in the 2nd quarter valued at about $36,000. 26.07% of the stock is 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.