ASML (NASDAQ:ASML) Stock Price Down 3.3% - Here's Why

ASML Holding (NASDAQ:ASML - Get Free Report)'s share price was down 3.3% during trading on Monday . The company traded as low as $748.68 and last traded at $751.55. Approximately 2,045,501 shares traded hands during trading, an increase of 4% from the average daily volume of 1,973,736 shares. The stock had previously closed at $776.99.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ASML shares. BNP Paribas started coverage on ASML in a report on Tuesday, December 3rd. They issued an "outperform" rating and a $858.00 price target for the company. JPMorgan Chase & Co. cut their price target on ASML from $1,148.00 to $1,100.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Wells Fargo & Company upped their price target on ASML from $790.00 to $860.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. DZ Bank raised ASML from a "hold" rating to a "buy" rating in a report on Thursday, January 30th. Finally, Sanford C. Bernstein lowered their target price on ASML from $815.00 to $767.00 and set an "outperform" rating on the stock in a report on Friday, November 29th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $937.00.

ASML Stock Down 0.2 %

The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average of $732.25 and a two-hundred day moving average of $759.97. The stock has a market capitalization of $292.35 billion, a price-to-earnings ratio of 35.73, a price-to-earnings-growth ratio of 1.64 and a beta of 1.47.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a return on equity of 47.73% and a net margin of 26.78%. As a group, sell-side analysts anticipate that ASML Holding will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, February 19th. Investors of record on Tuesday, February 11th were paid a dividend of $1.5855 per share. This is an increase from ASML's previous dividend of $1.08. The ex-dividend date of this dividend was Tuesday, February 11th. ASML's dividend payout ratio is presently 25.67%.

Institutional Trading of ASML

A number of hedge funds have recently modified their holdings of ASML. Allspring Global Investments Holdings LLC lifted its position in shares of ASML by 34.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,823 shares of the semiconductor company's stock worth $4,852,000 after acquiring an additional 1,503 shares during the period. Trilogy Capital Inc. bought a new stake in shares of ASML in the 3rd quarter worth approximately $215,000. Eastern Bank raised its holdings in shares of ASML by 4.9% in the 3rd quarter. Eastern Bank now owns 648 shares of the semiconductor company's stock worth $540,000 after buying an additional 30 shares in the last quarter. Leo Wealth LLC raised its holdings in shares of ASML by 19.4% in the 3rd quarter. Leo Wealth LLC now owns 430 shares of the semiconductor company's stock worth $358,000 after buying an additional 70 shares in the last quarter. Finally, Waldron Private Wealth LLC raised its holdings in shares of ASML by 26.7% in the 3rd quarter. Waldron Private Wealth LLC now owns 536 shares of the semiconductor company's stock worth $447,000 after buying an additional 113 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

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.