ASML (NASDAQ:ASML) Shares Down 1.3% – Here’s What Happened

ASML Holding N.V. (NASDAQ:ASML)’s share price dropped 1.3% during mid-day trading on Monday . The stock traded as low as $1,727.57 and last traded at $1,740.13. 1,000,426 shares were traded during trading, a decline of 46% from the average daily volume of 1,842,218 shares. The stock had previously closed at $1,763.76.

Analyst Upgrades and Downgrades

ASML has been the topic of a number of research analyst reports. Morningstar downgraded shares of ASML to a “sell” rating in a report on Wednesday, May 27th. Citigroup reaffirmed a “buy” rating on shares of ASML in a research report on Friday, July 17th. Argus set a $2,100.00 target price on shares of ASML in a research note on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research note on Friday, July 10th. Finally, UBS Group restated a “buy” rating on shares of ASML in a research note on Wednesday, July 1st. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, ASML has an average rating of “Moderate Buy” and a consensus target price of $1,970.33.

ASML Price Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. The company has a market cap of $684.37 billion, a P/E ratio of 54.14, a P/E/G ratio of 0.88 and a beta of 1.79. The firm has a 50 day moving average price of $1,780.20 and a two-hundred day moving average price of $1,580.59.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The company had revenue of $10.64 billion during the quarter. On average, analysts predict that ASML Holding N.V. will post 44.85 EPS for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were given a $2.1507 dividend. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. ASML’s payout ratio is 22.59%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ASML. Baron Wealth Management LLC boosted its position in ASML by 1.8% during the 2nd quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company’s stock worth $662,000 after buying an additional 6 shares during the period. Whitener Capital Management Inc. increased its position in ASML by 2.8% in the 2nd quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company’s stock valued at $434,000 after acquiring an additional 6 shares during the period. Founders Financial Alliance LLC increased its position in ASML by 2.3% in the 2nd quarter. Founders Financial Alliance LLC now owns 266 shares of the semiconductor company’s stock valued at $529,000 after acquiring an additional 6 shares during the period. 44 Wealth Management LLC raised its stake in shares of ASML by 1.1% during the fourth quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock valued at $703,000 after acquiring an additional 7 shares during the last quarter. Finally, Evolution Wealth Management Inc. raised its stake in shares of ASML by 22.6% during the first quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 7 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

About ASML

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.