ASML (NASDAQ:ASML) Stock Price Down 13.1% – What’s Next?

ASML Holding (NASDAQ:ASML)’s stock price was down 13.1% during mid-day trading on Tuesday . The stock traded as low as $742.78 and last traded at $757.60. Approximately 1,749,829 shares changed hands during mid-day trading, an increase of 40% from the average daily volume of 1,252,310 shares. The stock had previously closed at $872.27.

Wall Street Analysts Forecast Growth

ASML has been the topic of several analyst reports. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. upped their price objective on shares of ASML from $1,202.00 to $1,207.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Susquehanna cut their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Finally, Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and an average price target of $1,071.80.

ASML Stock Performance

The stock has a 50-day moving average price of $846.01 and a 200 day moving average price of $923.22. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $285.45 billion, a price-to-earnings ratio of 38.69, a P/E/G ratio of 2.08 and a beta of 1.48.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping the consensus estimate of $3.87 by $0.14. The company had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The firm’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.37 EPS. On average, analysts forecast that ASML Holding will post 20.38 EPS for the current year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were given a dividend of $1.8732 per share. This is a boost from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Monday, July 29th. ASML’s dividend payout ratio is currently 28.50%.

Institutional Investors Weigh In On ASML

Institutional investors have recently added to or reduced their stakes in the business. NBC Securities Inc. raised its holdings in ASML by 38.1% during the third quarter. NBC Securities Inc. now owns 116 shares of the semiconductor company’s stock worth $96,000 after purchasing an additional 32 shares in the last quarter. Boomfish Wealth Group LLC raised its stake in ASML by 11.6% during the 3rd quarter. Boomfish Wealth Group LLC now owns 2,868 shares of the semiconductor company’s stock worth $2,390,000 after acquiring an additional 298 shares in the last quarter. Creative Planning lifted its position in ASML by 2.6% in the third quarter. Creative Planning now owns 26,866 shares of the semiconductor company’s stock valued at $22,386,000 after acquiring an additional 669 shares during the last quarter. Harrington Investments INC boosted its stake in ASML by 51.5% in the third quarter. Harrington Investments INC now owns 647 shares of the semiconductor company’s stock valued at $539,000 after acquiring an additional 220 shares in the last quarter. Finally, Grove Bank & Trust grew its holdings in shares of ASML by 22.2% during the third quarter. Grove Bank & Trust now owns 253 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 46 shares during the last quarter. Hedge funds and other institutional investors 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.