ASML (NASDAQ:ASML) Stock Price Down 0.1% – Should You Sell?

Shares of ASML Holding (NASDAQ:ASML) fell 0.1% during trading on Friday . The company traded as low as $735.40 and last traded at $743.47. 562,219 shares were traded during trading, a decline of 58% from the average session volume of 1,349,582 shares. The stock had previously closed at $743.98.

Wall Street Analyst Weigh In

ASML has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. BNP Paribas started coverage on shares of ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective for the company. Susquehanna decreased their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Wells Fargo & Company dropped their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Finally, Sanford C. Bernstein lowered their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and a consensus target price of $943.83.

ASML Trading Down 0.7 %

The firm’s fifty day simple moving average is $699.90 and its 200 day simple moving average is $807.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The stock has a market capitalization of $290.74 billion, a P/E ratio of 38.69, a price-to-earnings-growth ratio of 2.07 and a beta of 1.47.

ASML (NASDAQ:ASML) last released its 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 during the quarter, compared to analysts’ expectations of $7.66 billion. As a group, equities research analysts forecast that ASML Holding will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were paid a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s payout ratio is 29.21%.

Institutional Investors Weigh In On ASML

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fisher Asset Management LLC grew its stake in shares of ASML by 1.0% during the third quarter. Fisher Asset Management LLC now owns 3,186,222 shares of the semiconductor company’s stock worth $2,654,921,000 after buying an additional 31,879 shares during the last quarter. Edgewood Management LLC increased its holdings in ASML by 3.3% in the 3rd quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company’s stock worth $1,855,624,000 after purchasing an additional 70,776 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of ASML by 37.0% during the third quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock valued at $1,464,061,000 after purchasing an additional 474,653 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of ASML by 4,379.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after purchasing an additional 870,010 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of ASML by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 817,709 shares of the semiconductor company’s stock valued at $836,300,000 after buying an additional 2,085 shares during the period. 26.07% of the stock is owned by institutional investors.

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.