ASML (NASDAQ:ASML) Trading Down 4.1% – Time to Sell?

ASML Holding N.V. (NASDAQ:ASML) traded down 4.1% on Wednesday . The stock traded as low as $1,316.06 and last traded at $1,339.13. 2,468,333 shares were traded during trading, an increase of 5% from the average session volume of 2,344,587 shares. The stock had previously closed at $1,395.88.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Redburn Partners set a $1,200.00 target price on ASML in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a research report on Thursday, January 29th. UBS Group reiterated a “buy” rating on shares of ASML in a research note on Thursday, January 29th. Bank of America increased their target price on ASML from $1,092.00 to $1,331.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Finally, TD Cowen reaffirmed a “buy” rating on shares of ASML in a report on Wednesday, January 28th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,475.00.

ASML Trading Down 4.1%

The company has a debt-to-equity ratio of 0.14, a current ratio of 1.26 and a quick ratio of 0.79. The stock has a market cap of $526.65 billion, a P/E ratio of 51.86, a PEG ratio of 1.66 and a beta of 1.89. The firm’s fifty day moving average price is $1,195.60 and its two-hundred day moving average price is $995.93.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Monday, April 27th will be given a dividend of $3.1771 per share. This is a boost from ASML’s previous quarterly dividend of $1.88. The ex-dividend date is Monday, April 27th. This represents a $12.71 dividend on an annualized basis and a dividend yield of 0.9%. ASML’s dividend payout ratio is 24.55%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Manning & Napier Advisors LLC purchased a new position in ASML in the 3rd quarter worth approximately $25,000. City Holding Co. bought a new stake in shares of ASML during the 3rd quarter worth $26,000. 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 worth $29,000 after acquiring an additional 11 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in ASML in the fourth quarter valued at $32,000. Finally, Princeton Global Asset Management LLC increased its stake in ASML by 153.8% in the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 20 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

ASML Company Profile

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.