ASML (NASDAQ:ASML) Reaches New 52-Week Low - Time to Sell?

ASML Holding (NASDAQ:ASML - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $650.50 and last traded at $650.50, with a volume of 50389 shares. The stock had previously closed at $658.63.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ASML shares. Morgan Stanley cut shares of ASML from an "overweight" rating to an "equal weight" rating in a research report on Friday, September 20th. JPMorgan Chase & Co. cut 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. UBS Group lowered ASML from a "buy" rating to a "neutral" rating in a research note on Wednesday, September 4th. Barclays upgraded ASML from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, July 30th. Finally, 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 research report on Friday, October 11th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $970.60.

ASML Stock Up 1.0 %

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The stock's fifty day simple moving average is $756.70 and its two-hundred day simple moving average is $881.85. The stock has a market capitalization of $261.71 billion, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 1.90 and a beta of 1.51.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share 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 analysts' expectations of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. As a group, research analysts expect that ASML Holding will post 20.77 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were issued a dividend of $1.407 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 annualized dividend and a yield of 0.85%. ASML's payout ratio is 29.21%.

Institutional Investors Weigh In On ASML

Institutional investors have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV raised its position in shares of ASML by 4,379.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company's stock worth $910,102,000 after acquiring an additional 870,010 shares in the last quarter. Fayez Sarofim & Co acquired a new stake in ASML in the first quarter valued at approximately $542,710,000. International Assets Investment Management LLC lifted its holdings in shares of 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 purchasing an additional 491,096 shares in the last quarter. Van ECK Associates Corp increased its stake 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 valued at $1,464,061,000 after purchasing an additional 474,653 shares in the last quarter. Finally, GQG Partners LLC raised its holdings in ASML by 21.6% during the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company's stock worth $1,608,921,000 after buying an additional 294,784 shares during the last quarter. 26.07% of the stock is owned by 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.