ASML (NASDAQ:ASML) Shares Down 2% – Should You Sell?

ASML Holding N.V. (NASDAQ:ASML – Get Free Report)’s share price was down 2% on Wednesday . The company traded as low as $1,671.75 and last traded at $1,678.22. 1,214,691 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 1,898,103 shares. The stock had previously closed at $1,711.89.

Analyst Ratings Changes

Several research firms have issued reports on ASML. Argus set a $2,100.00 price objective on ASML in a research report on Thursday, July 16th. UBS Group restated a “buy” rating on shares of ASML in a research report on Wednesday, July 1st. Wall Street Zen raised shares of ASML from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research note on Thursday, June 11th. Finally, Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a report on Monday, June 1st. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,970.33.

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ASML Trading Up 2.1%

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. The company has a market cap of $684.70 billion, a price-to-earnings ratio of 54.17, a PEG ratio of 0.84 and a beta of 1.79. The business’s 50-day simple moving average is $1,767.57 and its 200-day simple moving average is $1,550.38.

ASML (NASDAQ:ASML – Get Free Report) last released its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. The business had revenue of $10.64 billion for the quarter. Research analysts predict that ASML Holding N.V. will post 44.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were issued a dividend of $2.1507 per share. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, July 28th. ASML’s dividend payout ratio is 22.62%.

Institutional Trading of ASML

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Capstone Wealth Management Group LLC boosted its stake in shares of ASML by 5.2% during the 1st quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock worth $1,664,000 after purchasing an additional 124 shares during the last quarter. AQR Capital Management LLC raised its position in shares of ASML by 141.1% in the first quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock valued at $4,553,000 after buying an additional 4,021 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of ASML by 153.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock valued at $11,404,000 after buying an additional 10,411 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in shares of ASML by 1.3% during the second quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock valued at $936,000 after buying an additional 15 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of ASML by 5.2% during the second quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company’s stock valued at $9,122,000 after buying an additional 559 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Company Profile

(Get Free Report)

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.

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