ASML (NASDAQ:ASML) Stock Price Down 2.1% – Time to Sell?

ASML Holding N.V. (NASDAQ:ASML)’s stock price fell 2.1% during trading on Wednesday . The company traded as low as $1,583.00 and last traded at $1,597.87. 1,356,522 shares were traded during mid-day trading, a decline of 26% from the average session volume of 1,821,274 shares. The stock had previously closed at $1,632.03.

Analysts Set New Price Targets

A number of brokerages recently commented on ASML. Weiss Ratings raised shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. UBS Group reaffirmed a “buy” rating on shares of ASML in a research report on Wednesday, May 20th. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research report on Friday, May 8th. Barclays raised ASML to a “buy” rating in a research report on Tuesday, May 19th. Finally, Wall Street Zen downgraded ASML from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,504.38.

ASML Stock Performance

The business has a 50-day moving average price of $1,444.48 and a 200-day moving average price of $1,307.68. The firm has a market capitalization of $628.42 billion, a price-to-earnings ratio of 57.31, a P/E/G ratio of 1.34 and a beta of 1.81. 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 announced its quarterly earnings data 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 net margin of 27.65% and a return on equity of 48.69%. As a group, sell-side analysts forecast that ASML Holding N.V. will post 37.1 earnings per share for the current year.

Institutional Investors Weigh In On ASML

A number of large investors have recently made changes to their positions in the stock. Family Capital Management Inc. grew its holdings in shares of ASML by 0.8% during the fourth quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock valued at $983,000 after buying an additional 7 shares during the last quarter. 44 Wealth Management LLC grew its holdings in shares of ASML by 1.1% during the fourth quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock valued at $703,000 after buying an additional 7 shares during the last quarter. Evolution Wealth Management Inc. grew its holdings 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 valued at $50,000 after buying an additional 7 shares during the last quarter. Bradley Foster & Sargent Inc. CT grew its holdings 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 valued at $2,948,000 after buying an additional 7 shares during the last quarter. Finally, Sky Investment Group LLC grew its holdings in shares of ASML by 2.1% during the fourth 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 during 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.