ASML (NASDAQ:ASML) Shares Down 0% – Should You Sell?

ASML Holding (NASDAQ:ASML)’s stock price was down 0% during mid-day trading on Tuesday . The company traded as low as $693.41 and last traded at $696.12. Approximately 243,402 shares changed hands during trading, a decline of 83% from the average daily volume of 1,446,431 shares. The stock had previously closed at $696.15.

Analyst Ratings Changes

A number of research firms have recently weighed in on ASML. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company reduced their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. JPMorgan Chase & Co. cut their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Finally, BNP Paribas started coverage on shares of ASML in a report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price target on the stock. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $943.83.

ASML Stock Down 1.2 %

The business has a 50 day moving average price of $694.96 and a 200 day moving average price of $825.55. The firm has a market capitalization of $270.51 billion, a P/E ratio of 36.00, a price-to-earnings-growth ratio of 2.07 and a beta of 1.49. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.24 by $0.56. The company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. On average, analysts predict that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were issued a dividend of $1.407 per share. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.82%. ASML’s payout ratio is 29.21%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Resources Management Corp CT ADV acquired a new position in ASML in the 2nd quarter valued at approximately $26,000. Fairway Wealth LLC bought a new stake in shares of ASML during the third quarter valued at approximately $25,000. Milestone Investment Advisors LLC acquired a new position in shares of ASML in the third quarter valued at $28,000. Fortitude Family Office LLC lifted its position in ASML by 46.9% in the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 15 shares during the period. Finally, Brooklyn Investment Group bought a new stake in ASML in the 3rd quarter valued at $43,000. Institutional investors and hedge funds 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.