ASML (NASDAQ:ASML) Trading Down 0.5% - Should You Sell?

ASML Holding (NASDAQ:ASML - Get Free Report) dropped 0.5% during mid-day trading on Monday . The stock traded as low as $703.99 and last traded at $708.04. Approximately 466,840 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 1,386,958 shares. The stock had previously closed at $711.70.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company reduced their price objective on ASML from $1,000.00 to $790.00 and set an "overweight" rating for the company in a research note on Thursday, October 17th. Morgan Stanley downgraded ASML from an "overweight" rating to an "equal weight" rating in a report on Friday, September 20th. Barclays upgraded shares of ASML from an "equal weight" rating to an "overweight" rating in a report on Tuesday, July 30th. Sanford C. Bernstein cut their price target on shares of ASML from $1,052.00 to $815.00 and set an "outperform" rating on the stock in a report on Monday, October 21st. Finally, Berenberg Bank raised shares of ASML to a "strong-buy" rating in a research note on Wednesday, October 2nd. Three investment 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $970.60.

ASML Stock Performance

The stock's 50-day moving average price is $812.29 and its 200 day moving average price is $904.42. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The company has a market cap of $279.63 billion, a P/E ratio of 36.19, a price-to-earnings-growth 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 annualized dividend and a yield of 0.79%. ASML's dividend payout ratio is 28.70%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of ASML during the 1st quarter worth about $308,000. Vicus Capital bought a new position in shares of ASML in the first quarter valued at approximately $328,000. Diversified Trust Co boosted its holdings in shares of ASML by 16.1% in the 1st quarter. Diversified Trust Co now owns 950 shares of the semiconductor company's stock worth $922,000 after acquiring an additional 132 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of ASML by 4.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 287 shares of the semiconductor company's stock worth $279,000 after acquiring an additional 13 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in ASML during the 1st quarter worth approximately $915,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.