ASML (NASDAQ:ASML) Trading Down 4.3% – Here’s Why

ASML Holding N.V. (NASDAQ:ASML) shares were down 4.3% during mid-day trading on Tuesday . The stock traded as low as $1,717.31 and last traded at $1,747.28. Approximately 1,831,609 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 1,891,569 shares. The stock had previously closed at $1,825.07.

Key ASML News

Here are the key news stories impacting ASML this week:

• Positive Sentiment: Analysts remain broadly bullish, with multiple reports highlighting upbeat Wall Street ratings and higher price targets for ASML, suggesting expectations for continued upside. Wall Street Analysts Think ASML (ASML) Is a Good Investment: Is It?
• Positive Sentiment: Bernstein argued the market is misreading ASML and said the stock could keep climbing, reinforcing the view that recent weakness is a buying opportunity rather than a fundamental problem. ASML Stock Gains Over 5% — Why Bernstein Thinks ASML Holding Can Keep Climbing After Nearly 140% Run In The Past Year
• Positive Sentiment: ASML reported ongoing share repurchases under its buyback program, a signal of management confidence and support for shareholder returns. ASML reports transactions under its current share buyback program
• Positive Sentiment: Demand signals from major chip customers remain strong, including reports that SK hynix plans major spending on ASML’s EUV systems, underscoring healthy long-term order demand. SK Hynix plans to spend 11.9T won to acquire ASML’s EUV systems
• Neutral Sentiment: One article reiterates that ASML is viewed as a key AI infrastructure name with an entrenched monopoly in EUV lithography, but the piece is largely a long-term thesis rather than a new catalyst. The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity (ASML)
• Negative Sentiment: Geopolitical and export-control concerns remain a headline risk, with Dutch trade officials heading to China as ASML-related curbs loom, which could pressure sentiment around future sales to China. Dutch trade minister heads to China as Nexperia dispute and ASML curbs loom

Wall Street Analyst Weigh In

ASML has been the topic of several research reports. Weiss Ratings downgraded shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Freedom Capital raised shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Citigroup restated a “buy” rating on shares of ASML in a research report on Thursday, April 16th. UBS Group reaffirmed a “buy” rating on shares of ASML in a report on Wednesday, July 1st. Finally, Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research report on Monday, June 1st. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,854.12.

ASML Price Performance

The business has a 50-day moving average of $1,668.56 and a two-hundred day moving average of $1,452.61. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. The firm has a market cap of $687.17 billion, a P/E ratio of 62.67, a price-to-earnings-growth ratio of 1.34 and a beta of 1.78.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS 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%. On average, sell-side analysts anticipate that ASML Holding N.V. will post 36.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ASML

Several hedge funds have recently added to or reduced their stakes in ASML. Fisher Asset Management LLC lifted its holdings in shares of ASML by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company’s stock worth $4,798,268,000 after purchasing an additional 132,353 shares during the period. Capital International Investors increased its holdings in ASML by 17.3% in the third quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock valued at $3,791,982,000 after purchasing an additional 577,448 shares during the period. Van ECK Associates Corp raised its position in ASML by 16.6% during the 3rd quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock worth $2,079,948,000 after purchasing an additional 305,435 shares during the last quarter. Bank of America Corp DE raised its position in ASML by 8.3% during the 3rd quarter. Bank of America Corp DE now owns 1,865,254 shares of the semiconductor company’s stock worth $1,805,733,000 after purchasing an additional 142,763 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in ASML by 6.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock worth $2,168,227,000 after buying an additional 96,860 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

About ASML

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.