ASML (NASDAQ:ASML) Stock Price Down 1.4%

ASML Holding (NASDAQ:ASML) shares dropped 1.4% on Friday . The stock traded as low as $1,023.21 and last traded at $1,036.52. Approximately 435,582 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 1,137,977 shares. The stock had previously closed at $1,050.74.

Wall Street Analyst Weigh In

ASML has been the topic of several research reports. Evercore ISI initiated coverage on ASML in a research report on Tuesday, April 16th. They issued an “outperform” rating on the stock. Wells Fargo & Company raised their price objective on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research report on Monday, June 17th. Finally, Sanford C. Bernstein cut their price objective on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and an average target price of $1,043.00.

ASML Stock Down 1.3 %

The firm has a 50 day moving average price of $954.31 and a two-hundred day moving average price of $896.83. The company has a quick ratio of 0.88, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $409.03 billion, a price-to-earnings ratio of 52.94, a P/E/G ratio of 2.22 and a beta of 1.49.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.54. The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.73 billion. ASML had a return on equity of 56.99% and a net margin of 27.23%. As a group, sell-side analysts expect that ASML Holding will post 20.12 earnings per share for the current year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Monday, April 29th were paid a $1.343 dividend. The ex-dividend date was Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a yield of 0.52%. ASML’s dividend payout ratio (DPR) is 32.53%.

Hedge Funds Weigh In On ASML

A number of hedge funds have recently bought and sold shares of the company. First PREMIER Bank grew its stake in ASML by 4.2% in the first quarter. First PREMIER Bank now owns 273 shares of the semiconductor company’s stock worth $265,000 after purchasing an additional 11 shares in the last quarter. Investment Partners LTD. lifted its holdings in ASML by 1.2% in the first quarter. Investment Partners LTD. now owns 898 shares of the semiconductor company’s stock worth $871,000 after acquiring an additional 11 shares during the last quarter. Toth Financial Advisory Corp lifted its holdings in ASML by 11.5% in the fourth quarter. Toth Financial Advisory Corp now owns 126 shares of the semiconductor company’s stock worth $95,000 after acquiring an additional 13 shares during the last quarter. Slow Capital Inc. lifted its holdings in ASML by 0.3% in the fourth quarter. Slow Capital Inc. now owns 4,407 shares of the semiconductor company’s stock worth $3,336,000 after acquiring an additional 13 shares during the last quarter. Finally, Miracle Mile Advisors LLC lifted its holdings in ASML by 4.7% in the first quarter. Miracle Mile Advisors LLC now owns 287 shares of the semiconductor company’s stock worth $279,000 after acquiring an additional 13 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

About ASML

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.