ASML (NASDAQ:ASML) Stock Price Down 1.5% – Here’s What Happened

Shares of ASML Holding (NASDAQ:ASML) were down 1.5% on Wednesday . The company traded as low as $739.73 and last traded at $745.92. Approximately 438,800 shares traded hands during trading, a decline of 68% from the average daily volume of 1,367,795 shares. The stock had previously closed at $757.58.

Analysts Set New Price Targets

A number of analysts recently issued reports on ASML shares. Sanford C. Bernstein dropped their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. reduced their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Susquehanna cut their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Finally, Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $943.83.

ASML Stock Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The stock has a 50 day moving average of $695.98 and a 200 day moving average of $811.72. The stock has a market capitalization of $291.79 billion, a P/E ratio of 38.83, a P/E/G ratio of 2.07 and a beta of 1.47.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.24 by $0.56. The business had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. Equities analysts predict that ASML Holding will post 20.68 EPS for the current year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were issued a dividend of $1.407 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.76%. ASML’s dividend payout ratio (DPR) is presently 29.21%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ASML. Resources Management Corp CT ADV acquired a new position in shares of ASML during the second quarter valued at approximately $26,000. Fairway Wealth LLC bought a new position in ASML during the 3rd quarter valued at $25,000. Milestone Investment Advisors LLC acquired a new position in shares of ASML during the 3rd quarter valued at $28,000. Fortitude Family Office LLC raised its stake in shares of ASML by 46.9% in 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 in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of ASML in the third quarter valued at $43,000. Institutional investors and hedge funds 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.