ASML (NASDAQ:ASML) Stock Price Down 3.3%

Shares of ASML Holding (NASDAQ:ASML) fell 3.3% during trading on Thursday . The company traded as low as $905.02 and last traded at $905.34. 343,784 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 1,193,521 shares. The stock had previously closed at $936.70.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ASML. Evercore ISI assumed coverage on shares of ASML in a research report on Tuesday, April 16th. They issued an “outperform” rating on the stock. Sanford C. Bernstein decreased their target price on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a report on Friday, April 12th. JPMorgan Chase & Co. raised their price target on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. Finally, Wells Fargo & Company lifted their target price 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. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Stock Performance

The company has a market cap of $319.36 billion, a P/E ratio of 41.34, a price-to-earnings-growth ratio of 1.87 and a beta of 1.49. The company’s 50-day moving average is $997.56 and its two-hundred day moving average is $948.64. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31.

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

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th will be issued a $1.8732 dividend. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.93%. This is a positive change from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Monday, July 29th. ASML’s payout ratio is presently 28.55%.

Institutional Trading of ASML

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American Capital Advisory LLC bought a new stake in ASML in the first quarter valued at $26,000. WD Rutherford LLC bought a new stake in shares of ASML during the first quarter valued at approximately $29,000. Triad Wealth Partners LLC purchased a new position in ASML during the second quarter valued at $31,000. First Community Trust NA bought a new stake in shares of ASML during the 2nd quarter valued at $34,000. Finally, POM Investment Strategies LLC bought a new position in shares of ASML during the second quarter valued at $36,000. 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.