ASML (NASDAQ:ASML) Shares Down 1.3%

ASML Holding (NASDAQ:ASML)’s share price was down 1.3% during trading on Tuesday . The company traded as low as $919.90 and last traded at $921.00. Approximately 270,249 shares were traded during trading, a decline of 78% from the average daily volume of 1,227,441 shares. The stock had previously closed at $933.15.

Analysts Set New Price Targets

ASML has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Wells Fargo & Company boosted their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Susquehanna increased their price objective on shares of ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research report on Thursday, July 11th. Finally, Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Stock Down 3.8 %

The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. The stock has a market cap of $358.17 billion, a P/E ratio of 46.36, a price-to-earnings-growth ratio of 1.87 and a beta of 1.49. The company’s fifty day moving average price is $966.98 and its 200-day moving average price is $955.53.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The firm had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the prior year, the firm posted $5.37 earnings per share. The company’s quarterly revenue was down 9.5% on a year-over-year basis. Equities analysts forecast that ASML Holding will post 20.3 EPS for the current year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were issued a $1.8732 dividend. The ex-dividend date of this dividend was Monday, July 29th. This is a boost from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.83%. ASML’s dividend payout ratio is presently 28.50%.

Institutional Investors Weigh In On ASML

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC raised 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 in the last quarter. Jennison Associates LLC increased its holdings in ASML by 50.0% during the 1st quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after purchasing an additional 572,996 shares during the period. GQG Partners LLC raised its position in ASML by 21.6% during the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after purchasing an additional 294,784 shares in the last quarter. Sands Capital Management LLC lifted its holdings in shares of ASML by 8.1% in the 4th 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, Van ECK Associates Corp grew its position in shares of ASML by 15.4% during the 2nd quarter. Van ECK Associates Corp now owns 1,282,396 shares of the semiconductor company’s stock worth $1,311,545,000 after buying an additional 170,992 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

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.