ASML (NASDAQ:ASML) Shares Down 0.8%

ASML Holding (NASDAQ:ASML) fell 0.8% during mid-day trading on Tuesday . The company traded as low as $905.88 and last traded at $909.59. 181,588 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 1,179,175 shares. The stock had previously closed at $917.24.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ASML. Redburn Atlantic upgraded shares of ASML from a “sell” rating to a “neutral” rating in a report on Tuesday, February 20th. Susquehanna lifted their target price on ASML from $830.00 to $1,100.00 and gave the company a “positive” rating in a research report on Friday, January 26th. Sanford C. Bernstein reduced their price target on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Raymond James boosted their price target on ASML from $850.00 to $1,000.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 25th. Finally, Evercore ISI started coverage on ASML in a report on Tuesday, April 16th. They issued an “outperform” rating for the company. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and an average target price of $1,036.00.

ASML Trading Down 1.9 %

The company has a market cap of $362.84 billion, a price-to-earnings ratio of 46.96, a PEG ratio of 2.29 and a beta of 1.49. The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average price is $943.28 and its 200-day moving average price is $834.05.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 EPS for the quarter, beating the consensus estimate of $2.84 by $0.54. ASML had a net margin of 27.23% and a return on equity of 56.99%. The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.73 billion. On average, equities analysts anticipate that ASML Holding will post 20.04 EPS for the current fiscal year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were paid a dividend of $1.343 per share. This represents a $5.37 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Friday, April 26th. ASML’s payout ratio is presently 32.48%.

Hedge Funds Weigh In On ASML

Hedge funds and other institutional investors have recently modified their holdings of the business. Vawter Financial Ltd. acquired a new stake in ASML in the first quarter valued at about $213,000. Sweeney & Michel LLC acquired a new stake in shares of ASML in the 1st quarter valued at approximately $655,000. Connective Capital Management LLC acquired a new position in ASML during the 1st quarter worth approximately $4,061,000. Oxford Wealth Group LLC bought a new position in ASML in the 1st quarter valued at approximately $1,600,000. Finally, Janus Henderson Group PLC boosted its position in ASML by 18.9% in the first quarter. Janus Henderson Group PLC now owns 1,220,210 shares of the semiconductor company’s stock valued at $1,184,173,000 after buying an additional 194,357 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Company Profile

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.