ASML (NASDAQ:ASML) Shares Down 1.2% – What’s Next?

ASML Holding N.V. (NASDAQ:ASML) was down 1.2% during trading on Friday . The stock traded as low as $996.82 and last traded at $1,016.96. Approximately 1,800,415 shares changed hands during mid-day trading, an increase of 7% from the average daily volume of 1,686,994 shares. The stock had previously closed at $1,029.20.

Analysts Set New Price Targets

Several equities analysts have issued reports on ASML shares. Redburn Partners set a $1,200.00 target price on shares of ASML in a research note on Friday. Citigroup reiterated a “buy” rating on shares of ASML in a research note on Tuesday, October 7th. DZ Bank reiterated a “neutral” rating on shares of ASML in a research report on Wednesday, October 15th. Mizuho raised ASML from a “neutral” rating to an “outperform” rating in a research report on Monday, September 29th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ASML in a research report on Wednesday, October 15th. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,076.33.

ASML Stock Down 1.2%

The company has a 50-day moving average of $952.53 and a two-hundred day moving average of $817.13. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.70. The company has a market capitalization of $399.95 billion, a PE ratio of 41.39, a P/E/G ratio of 1.76 and a beta of 1.88.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, topping the consensus estimate of $6.27 by $0.14. ASML had a return on equity of 47.74% and a net margin of 27.08%.The firm had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter last year, the company earned $5.28 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Sell-side analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th were paid a $1.857 dividend. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from ASML’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend was Wednesday, October 29th. ASML’s dividend payout ratio is currently 25.76%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Manning & Napier Advisors LLC bought a new position in shares of ASML in the third quarter worth about $25,000. City Holding Co. bought a new position in ASML in the 3rd quarter worth approximately $26,000. Princeton Global Asset Management LLC grew its holdings in ASML by 153.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 20 shares in the last quarter. Binnacle Investments Inc raised its position in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 15 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. purchased a new position in shares of ASML in the second quarter worth $30,000. 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.