ASML (NASDAQ:ASML) Trading Down 1.2% – What’s Next?

ASML Holding (NASDAQ:ASML) fell 1.2% during mid-day trading on Wednesday . The company traded as low as $706.38 and last traded at $711.92. 572,326 shares were traded during mid-day trading, a decline of 59% from the average session volume of 1,383,595 shares. The stock had previously closed at $720.91.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ASML. JPMorgan Chase & Co. decreased their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Susquehanna decreased their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Sanford C. Bernstein lowered their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a report on Monday. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and an average price target of $970.60.

ASML Stock Up 0.4 %

The business has a 50 day simple moving average of $820.92 and a 200 day simple moving average of $909.35. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. The stock has a market cap of $281.63 billion, a PE ratio of 36.85, a P/E/G ratio of 2.08 and a beta of 1.48.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th will be given a $1.407 dividend. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.79%. ASML’s dividend payout ratio is currently 28.70%.

Institutional Trading of ASML

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Resources Management Corp CT ADV acquired a new position in shares of ASML during the 2nd quarter worth about $26,000. WD Rutherford LLC bought a new position in ASML during the first quarter valued at about $29,000. Triad Wealth Partners LLC bought a new position in ASML during the second quarter valued at about $31,000. First Community Trust NA bought a new position in ASML during the second quarter valued at about $34,000. Finally, POM Investment Strategies LLC bought a new position in ASML during the second quarter valued at about $36,000. 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.