ASML (NASDAQ:ASML) Shares Down 1.1% – What’s Next?

ASML Holding N.V. (NASDAQ:ASML) shares were down 1.1% on Tuesday . The company traded as low as $1,410.80 and last traded at $1,413.62. Approximately 1,198,761 shares changed hands during trading, a decline of 46% from the average daily volume of 2,222,933 shares. The stock had previously closed at $1,429.49.

Analysts Set New Price Targets

A number of research firms recently commented on ASML. Sanford C. Bernstein set a $1,911.00 price objective on ASML in a report on Thursday, January 29th. Bank of America raised their price target on shares of ASML from $1,092.00 to $1,331.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML in a report on Monday, February 2nd. Rothschild & Co Redburn set a $1,200.00 price target on ASML in a research report on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a report on Thursday, January 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,475.00.

ASML Price Performance

The stock has a market cap of $555.89 billion, a price-to-earnings ratio of 54.74, a price-to-earnings-growth ratio of 1.63 and a beta of 1.89. The stock has a fifty day simple moving average of $1,221.72 and a 200-day simple moving average of $1,014.70. The company has a current ratio of 1.26, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Monday, April 27th will be given a $3.1771 dividend. The ex-dividend date is Monday, April 27th. This represents a $12.71 annualized dividend and a yield of 0.9%. This is a positive change from ASML’s previous quarterly dividend of $1.88. ASML’s dividend payout ratio (DPR) is 24.55%.

Institutional Investors Weigh In On ASML

Hedge funds have recently made changes to their positions in the stock. Manning & Napier Advisors LLC acquired a new stake in ASML during the third quarter worth $25,000. Princeton Global Asset Management LLC lifted its stake in ASML by 153.8% during the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 20 shares during the period. City Holding Co. acquired a new position in shares of ASML in the 3rd quarter worth approximately $26,000. Binnacle Investments Inc lifted its position in shares of ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after buying an additional 15 shares during the period. Finally, North Star Investment Management Corp. grew its position in ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 11 shares during the period. Institutional investors own 26.07% of the company’s stock.

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.