ASML (NASDAQ:ASML) Stock Price Down 0.5% – Here’s Why

ASML Holding (NASDAQ:ASML) shares dropped 0.5% during mid-day trading on Monday . The company traded as low as $703.99 and last traded at $708.04. Approximately 466,840 shares changed hands during trading, a decline of 66% from the average daily volume of 1,386,958 shares. The stock had previously closed at $711.70.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ASML shares. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. lowered their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company dropped their price objective on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Finally, Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Trading Up 0.9 %

The firm’s 50-day simple moving average is $808.07 and its 200 day simple moving average is $902.68. The stock has a market capitalization of $281.35 billion, a P/E ratio of 37.44, a PEG ratio of 2.08 and a beta of 1.48. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th will be issued a dividend of $1.407 per share. This represents a $5.63 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Tuesday, October 29th. ASML’s dividend payout ratio is 29.42%.

Institutional Trading of ASML

Hedge funds have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV raised its stake in ASML by 4,379.6% during 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 purchasing an additional 870,010 shares during the period. Jennison Associates LLC grew its holdings in shares of ASML by 50.0% during the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after buying an additional 572,996 shares in the last quarter. Fayez Sarofim & Co acquired a new position in ASML during the first quarter valued at $542,710,000. International Assets Investment Management LLC lifted its stake in ASML by 94,079.7% in the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock worth $4,096,410,000 after acquiring an additional 491,096 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in ASML by 37.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock worth $1,464,061,000 after acquiring an additional 474,653 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

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.