ASML (NASDAQ:ASML) Stock Price Down 1.3% – Here’s What Happened

ASML Holding (NASDAQ:ASML)’s stock price dropped 1.3% during trading on Monday . The company traded as low as $717.92 and last traded at $729.37. Approximately 747,425 shares changed hands during trading, a decline of 63% from the average daily volume of 2,009,927 shares. The stock had previously closed at $739.31.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. DZ Bank raised shares of ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Susquehanna reduced 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. Wells Fargo & Company lifted their target price on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Sanford C. Bernstein cut their price target on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Finally, BNP Paribas assumed coverage on ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and an average target price of $937.00.

ASML Stock Performance

The stock has a market cap of $292.15 billion, a P/E ratio of 35.70, a PEG ratio of 1.62 and a beta of 1.47. The stock has a fifty day simple moving average of $721.49 and a 200-day simple moving average of $769.85. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a return on equity of 47.73% and a net margin of 26.78%. Equities analysts expect that ASML Holding will post 25.31 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, February 19th. Investors of record on Tuesday, February 11th will be paid a dividend of $1.5855 per share. This is a boost from ASML’s previous dividend of $1.08. The ex-dividend date of this dividend is Tuesday, February 11th. ASML’s dividend payout ratio is presently 26.83%.

Hedge Funds Weigh In On ASML

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fairway Wealth LLC bought a new position in shares of ASML during the 3rd quarter worth approximately $25,000. Kennebec Savings Bank grew its position in ASML by 227.3% in the fourth quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 25 shares in the last quarter. Milestone Investment Advisors LLC acquired a new stake in ASML in the 3rd quarter valued at $28,000. Halbert Hargrove Global Advisors LLC bought a new stake in ASML during the 4th quarter worth about $31,000. Finally, Fortitude Family Office LLC boosted its stake in shares of ASML by 46.9% during the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after buying an additional 15 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

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.