ASML (NASDAQ:ASML) Trading Down 3.4% – What’s Next?

ASML Holding (NASDAQ:ASML) fell 3.4% on Monday . The company traded as low as $618.39 and last traded at $618.59. 418,217 shares changed hands during trading, a decline of 74% from the average session volume of 1,622,831 shares. The stock had previously closed at $640.16.

Analysts Set New Price Targets

ASML has been the topic of several research reports. DZ Bank upgraded ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Wells Fargo & Company reduced their price objective on shares of ASML from $860.00 to $840.00 and set an “overweight” rating for the company in a research note on Thursday. JPMorgan Chase & Co. cut their price target on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, Susquehanna dropped their price objective on ASML from $1,100.00 to $965.00 and set a “positive” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $906.00.

ASML Stock Down 3.6 %

The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average price is $697.51 and its 200 day moving average price is $711.81. The firm has a market capitalization of $242.88 billion, a price-to-earnings ratio of 29.68, a P/E/G ratio of 1.62 and a beta of 1.67.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, topping the consensus estimate of $6.12 by $0.19. ASML had a net margin of 26.78% and a return on equity of 47.73%. The company had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. As a group, research analysts forecast that ASML Holding will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Monday, April 28th will be paid a dividend of $1.5855 per share. The ex-dividend date of this dividend is Monday, April 28th. This is a positive change from ASML’s previous dividend of $1.08. ASML’s dividend payout ratio (DPR) is presently 27.48%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Janney Capital Management LLC raised its position in shares of ASML by 45.0% in the first quarter. Janney Capital Management LLC now owns 13,673 shares of the semiconductor company’s stock worth $9,060,000 after acquiring an additional 4,241 shares during the period. Johnson Investment Counsel Inc. raised its holdings in ASML by 13.5% in the 1st quarter. Johnson Investment Counsel Inc. now owns 93,831 shares of the semiconductor company’s stock worth $62,175,000 after purchasing an additional 11,185 shares during the period. Kingswood Wealth Advisors LLC grew its holdings in ASML by 46.7% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,578 shares of the semiconductor company’s stock valued at $1,050,000 after purchasing an additional 502 shares during the period. Essex Savings Bank increased its position in shares of ASML by 6.4% in the first quarter. Essex Savings Bank now owns 1,147 shares of the semiconductor company’s stock valued at $760,000 after buying an additional 69 shares in the last quarter. Finally, Roman Butler Fullerton & Co. raised its stake in shares of ASML by 5.1% during the 1st quarter. Roman Butler Fullerton & Co. now owns 1,190 shares of the semiconductor company’s stock worth $813,000 after buying an additional 58 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

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.