ASML (NASDAQ:ASML) Hits New 12-Month Low – Should You Sell?

ASML Holding (NASDAQ:ASML) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $650.50 and last traded at $650.50, with a volume of 50389 shares changing hands. The stock had previously closed at $658.63.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ASML shares. Susquehanna dropped their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Wells Fargo & Company dropped their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Finally, Sanford C. Bernstein cut their target price on shares of ASML from $1,052.00 to $815.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $970.60.

ASML Stock Performance

The firm’s fifty day moving average price is $753.23 and its 200 day moving average price is $878.72. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $260.51 billion, a PE ratio of 34.67, a PEG ratio of 1.90 and a beta of 1.51.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating the consensus estimate of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. On average, research analysts anticipate that ASML Holding will post 20.77 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were issued a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Tuesday, October 29th. ASML’s dividend payout ratio is presently 29.21%.

Institutional Investors Weigh In On ASML

Large investors have recently bought and sold shares of the business. Fairway Wealth LLC bought a new stake in ASML in the third quarter worth $25,000. Resources Management Corp CT ADV bought a new stake in ASML in the second quarter worth $26,000. Milestone Investment Advisors LLC bought a new stake in ASML in the third quarter worth $28,000. Triad Wealth Partners LLC bought a new stake in ASML in the second quarter worth $31,000. Finally, First Community Trust NA bought a new stake in ASML during the second quarter valued at about $34,000. 26.07% of the stock is currently owned by institutional investors.

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.