ASML (NASDAQ:ASML) Shares Down 1.8% – Here’s What Happened

Shares of ASML Holding (NASDAQ:ASMLGet Free Report) dropped 1.8% during trading on Monday . The stock traded as low as $717.59 and last traded at $725.34. Approximately 447,107 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 1,357,436 shares. The stock had previously closed at $739.01.

Analyst Ratings Changes

ASML has been the subject of a number of research reports. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. cut their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Sanford C. Bernstein decreased their target price on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. Wells Fargo & Company raised their price target on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a report on Monday. Finally, Susquehanna decreased their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $955.50.

Check Out Our Latest Analysis on ASML

ASML Stock Performance

The stock has a market capitalization of $285.93 billion, a PE ratio of 38.05, a PEG ratio of 2.07 and a beta of 1.47. The business’s 50 day moving average is $699.90 and its 200 day moving average is $805.98. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

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

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were paid a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Tuesday, October 29th. ASML’s dividend payout ratio is currently 29.21%.

Institutional Trading of ASML

A number of large investors have recently modified their holdings of the company. Fairway Wealth LLC purchased a new stake in shares of ASML in the 3rd quarter worth $25,000. Resources Management Corp CT ADV bought a new position in ASML during the 2nd quarter worth about $26,000. Milestone Investment Advisors LLC purchased a new position in ASML during the 3rd quarter valued at about $28,000. Fortitude Family Office LLC raised its holdings in shares of ASML by 46.9% in the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 15 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of ASML in the 3rd quarter worth approximately $43,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Company Profile

(Get Free Report)

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.

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