ASML (NASDAQ:ASML) Stock Price Down 2% – Time to Sell?

Shares of ASML Holding N.V. (NASDAQ:ASML) dropped 2% during trading on Thursday . The stock traded as low as $1,392.20 and last traded at $1,406.87. Approximately 1,454,018 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 2,159,109 shares. The stock had previously closed at $1,435.63.

Analyst Ratings Changes

ASML has been the topic of several analyst reports. Sanford C. Bernstein set a $1,911.00 price target on shares of ASML in a research report on Thursday, January 29th. UBS Group reaffirmed a “buy” rating on shares of ASML in a report on Thursday, January 29th. Bank of America lifted their price target on ASML from $1,092.00 to $1,331.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Susquehanna restated a “positive” rating on shares of ASML in a research report on Monday, January 12th. Finally, Grupo Santander lowered ASML to an “underperform” rating in a research note on Thursday, January 22nd. Three analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,475.00.

ASML Trading Down 2.0%

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 firm has a market capitalization of $553.30 billion, a price-to-earnings ratio of 54.49, a P/E/G ratio of 1.61 and a beta of 1.89. The firm’s 50-day moving average is $1,233.71 and its 200 day moving average is $1,022.55.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Monday, April 27th will be paid a $3.1771 dividend. This is a positive change from ASML’s previous quarterly dividend of $1.88. This represents a $12.71 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, April 27th. ASML’s payout ratio is presently 24.79%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Telos Capital Management Inc. increased its position in ASML by 4.5% in the third quarter. Telos Capital Management Inc. now owns 10,850 shares of the semiconductor company’s stock worth $10,504,000 after buying an additional 463 shares during the last quarter. Daymark Wealth Partners LLC grew its stake in shares of ASML by 25.3% during the 2nd quarter. Daymark Wealth Partners LLC now owns 4,664 shares of the semiconductor company’s stock worth $3,738,000 after acquiring an additional 941 shares during the period. Regents of The University of California bought a new position in shares of ASML during the 3rd quarter worth $413,335,000. Transcendent Capital Group LLC purchased a new stake in ASML in the 3rd quarter worth about $680,000. Finally, Principal Financial Group Inc. raised its stake in ASML by 34.5% in the 3rd quarter. Principal Financial Group Inc. now owns 15,583 shares of the semiconductor company’s stock valued at $15,086,000 after acquiring an additional 4,001 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

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.