ASML (NASDAQ:ASML) Shares Down 0.4% – Time to Sell?

by · The Markets Daily

ASML Holding (NASDAQ:ASML – Get Free Report) shares were down 0.4% on Wednesday . The stock traded as low as $687.43 and last traded at $693.08. Approximately 961,508 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 1,449,344 shares. The stock had previously closed at $696.15.

Analyst Upgrades and Downgrades

ASML has been the subject of several analyst reports. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Susquehanna decreased their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $943.83.

Get Our Latest Analysis on ASML

ASML Price Performance

The stock’s 50-day simple moving average is $694.40 and its 200 day simple moving average is $823.19. The company has a market cap of $272.67 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 2.07 and a beta of 1.49. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML – Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The company had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. On average, equities research analysts anticipate that ASML Holding will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were paid a $1.407 dividend. This represents a $5.63 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Tuesday, October 29th. ASML’s payout ratio is 29.21%.

Hedge Funds Weigh In On ASML

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fisher Asset Management LLC boosted its stake in shares of ASML by 1.0% in the 3rd quarter. Fisher Asset Management LLC now owns 3,186,222 shares of the semiconductor company’s stock valued at $2,654,921,000 after buying an additional 31,879 shares during the period. Edgewood Management LLC grew its holdings in ASML by 3.3% during the 3rd quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company’s stock worth $1,855,624,000 after acquiring an additional 70,776 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of ASML by 37.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock valued at $1,464,061,000 after purchasing an additional 474,653 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of ASML by 4,379.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after acquiring an additional 870,010 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of ASML by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 817,709 shares of the semiconductor company’s stock worth $836,300,000 after acquiring an additional 2,085 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

About ASML

(Get Free Report)

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.

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