ASML (NASDAQ:ASML) Trading Down 2.4% – What’s Next?

ASML Holding N.V. (NASDAQ:ASML) shares traded down 2.4% on Wednesday . The stock traded as low as $1,354.02 and last traded at $1,355.17. 1,352,865 shares were traded during mid-day trading, a decline of 27% from the average session volume of 1,852,896 shares. The stock had previously closed at $1,389.16.

Analyst Ratings Changes

ASML has been the subject of several analyst reports. Weiss Ratings upgraded ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Citigroup reiterated a “buy” rating on shares of ASML in a research report on Tuesday, January 20th. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Monday, January 26th. UBS Group reiterated a “buy” rating on shares of ASML in a research note on Tuesday, March 3rd. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of ASML in a report on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,475.00.

ASML Price Performance

The company has a current ratio of 1.26, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $1,386.30 and a 200 day simple moving average of $1,139.52. The stock has a market cap of $533.29 billion, a P/E ratio of 52.52, a price-to-earnings-growth ratio of 1.33 and a beta of 1.88.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Monday, April 27th will be issued a dividend of $3.1771 per share. This is an increase from ASML’s previous quarterly dividend of $1.88. This represents a $12.71 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, April 27th. ASML’s dividend payout ratio is 41.83%.

Institutional Trading of ASML

A number of institutional investors and hedge funds have recently modified their holdings of ASML. Telos Capital Management Inc. grew its holdings in shares of ASML by 4.5% during the 3rd quarter. Telos Capital Management Inc. now owns 10,850 shares of the semiconductor company’s stock valued at $10,504,000 after purchasing an additional 463 shares during the last quarter. Regents of The University of California purchased a new position in shares of ASML in the 3rd quarter valued at approximately $413,335,000. Dimensional Fund Advisors LP boosted its stake in ASML by 4.1% during the third quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company’s stock worth $959,180,000 after acquiring an additional 38,660 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of ASML in the third quarter worth $680,000. Finally, Principal Financial Group Inc. grew its holdings in shares of ASML by 34.5% during the third quarter. Principal Financial Group Inc. now owns 15,583 shares of the semiconductor company’s stock valued at $15,086,000 after buying an additional 4,001 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other 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.