ASML (NASDAQ:ASML) Stock Price Down 2%

Shares of ASML Holding (NASDAQ:ASML) dropped 2% on Wednesday . The stock traded as low as $855.00 and last traded at $855.30. Approximately 222,043 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 1,216,421 shares. The stock had previously closed at $872.47.

Analyst Ratings Changes

Several research firms have recently issued reports on ASML. Evercore ISI started coverage on shares of ASML in a research report on Tuesday, April 16th. They set an “outperform” rating on the stock. Sanford C. Bernstein dropped their price objective on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a report on Friday, April 12th. Kepler Capital Markets raised ASML from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Redburn Atlantic upgraded ASML from a “sell” rating to a “neutral” rating in a report on Tuesday, February 20th. Finally, HSBC began coverage on ASML in a report on Thursday, February 22nd. They set a “buy” rating on the stock. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,036.00.

ASML Stock Up 3.6 %

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 1.54. The company has a fifty day moving average of $951.75 and a two-hundred day moving average of $812.02. The company has a market cap of $355.77 billion, a PE ratio of 46.05, a price-to-earnings-growth ratio of 2.13 and a beta of 1.49.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th will be issued a $1.343 dividend. The ex-dividend date of this dividend is Friday, April 26th. This represents a $5.37 annualized dividend and a dividend yield of 0.60%. ASML’s dividend payout ratio (DPR) is presently 32.53%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Catalina Capital Group LLC increased its stake in ASML by 44.2% in the first quarter. Catalina Capital Group LLC now owns 460 shares of the semiconductor company’s stock worth $446,000 after purchasing an additional 141 shares during the period. Avidian Wealth Solutions LLC bought a new stake in shares of ASML during the first quarter valued at approximately $201,000. TFB Advisors LLC purchased a new stake in shares of ASML in the first quarter valued at approximately $720,000. Larson Financial Group LLC grew its stake in ASML by 84.6% in the first quarter. Larson Financial Group LLC now owns 48 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 22 shares in the last quarter. Finally, Callan Capital LLC increased its holdings in ASML by 1.7% during the 1st quarter. Callan Capital LLC now owns 1,252 shares of the semiconductor company’s stock worth $1,215,000 after purchasing an additional 21 shares during the period. Hedge funds and other 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.