ASML (NASDAQ:ASML) Trading Down 2%

Shares of ASML Holding (NASDAQ:ASML) traded down 2% during mid-day trading on Wednesday . The company traded as low as $855.00 and last traded at $855.30. 222,043 shares traded hands during trading, a decline of 82% from the average session volume of 1,216,421 shares. The stock had previously closed at $872.47.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Evercore ISI initiated coverage on shares of ASML in a research note on Tuesday, April 16th. They issued an “outperform” rating on the stock. HSBC started coverage on shares of ASML in a report on Thursday, February 22nd. They issued a “buy” rating for the company. Redburn Atlantic raised shares of ASML from a “sell” rating to a “neutral” rating in a report on Tuesday, February 20th. Wells Fargo & Company increased their price objective on shares of ASML from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Raymond James increased their target price on shares of ASML from $850.00 to $1,000.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 25th. Four 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 company’s stock. According to data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and an average price target of $1,036.00.

ASML Stock Down 1.2 %

The firm has a market cap of $340.07 billion, a price-to-earnings ratio of 43.68, a P/E/G ratio of 2.27 and a beta of 1.48. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 0.88. The stock has a 50-day moving average of $954.49 and a 200-day moving average of $811.32.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Monday, April 29th will be given a dividend of $1.343 per share. The ex-dividend date is Friday, April 26th. This represents a $5.37 annualized dividend and a yield of 0.62%. ASML’s dividend payout ratio is presently 32.53%.

Hedge Funds Weigh In On ASML

Several institutional investors have recently made changes to their positions in the stock. Fisher Asset Management LLC grew its stake in ASML by 2.2% in the 4th quarter. Fisher Asset Management LLC now owns 4,977,359 shares of the semiconductor company’s stock valued at $3,767,464,000 after purchasing an additional 105,196 shares during the period. FMR LLC increased its position in shares of ASML by 3.6% during the third quarter. FMR LLC now owns 3,607,702 shares of the semiconductor company’s stock valued at $2,123,710,000 after buying an additional 126,413 shares during the period. Sands Capital Management LLC boosted its holdings in ASML by 8.1% in the 4th quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock valued at $1,224,002,000 after purchasing an additional 121,847 shares during the period. Clearbridge Investments LLC grew its position in ASML by 2.7% during the fourth quarter. Clearbridge Investments LLC now owns 1,247,197 shares of the semiconductor company’s stock worth $944,028,000 after buying an additional 32,623 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of ASML by 2.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,173,324 shares of the semiconductor company’s stock worth $888,112,000 after purchasing an additional 24,368 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

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.