ASML (NASDAQ:ASML) Trading Down 7.4% – Time to Sell?

ASML Holding N.V. (NASDAQ:ASML)’s share price fell 7.4% during trading on Wednesday . The company traded as low as $1,832.63 and last traded at $1,843.04. Approximately 2,572,412 shares were traded during mid-day trading, an increase of 36% from the average session volume of 1,887,273 shares. The stock had previously closed at $1,989.44.

Wall Street Analyst Weigh In

ASML has been the subject of several recent research reports. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a report on Monday, June 1st. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research report on Friday, May 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, June 11th. DZ Bank reiterated a “neutral” rating on shares of ASML in a report on Wednesday, April 15th. Finally, Morgan Stanley restated an “overweight” rating on shares of ASML in a research report on Wednesday, June 3rd. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and an average target price of $1,772.62.

ASML Stock Performance

The business’s fifty day moving average is $1,648.51 and its two-hundred day moving average is $1,437.89. The stock has a market capitalization of $724.83 billion, a PE ratio of 66.11, a price-to-earnings-growth ratio of 1.43 and a beta of 1.82. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

ASML (NASDAQ:ASML) last released its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The firm had revenue of $10.15 billion for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. As a group, research analysts anticipate that ASML Holding N.V. will post 36.69 EPS for the current fiscal year.

Hedge Funds Weigh In On ASML

Large investors have recently made changes to their positions in the company. Family Capital Management Inc. boosted its holdings in ASML by 0.8% during the 4th quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock valued at $983,000 after acquiring an additional 7 shares during the period. 44 Wealth Management LLC increased its stake in ASML by 1.1% in the fourth quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock worth $703,000 after purchasing an additional 7 shares during the period. Evolution Wealth Management Inc. lifted its position in shares of ASML by 22.6% during the first quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 7 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its position in shares of ASML by 0.3% during the first quarter. Bradley Foster & Sargent Inc. CT now owns 2,232 shares of the semiconductor company’s stock worth $2,948,000 after purchasing an additional 7 shares during the last quarter. Finally, Sky Investment Group LLC lifted its holdings in ASML by 2.1% during the 4th quarter. Sky Investment Group LLC now owns 384 shares of the semiconductor company’s stock valued at $411,000 after buying an additional 8 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Company Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.