ASML (NASDAQ:ASML) Shares Down 2.9% – Should You Sell?

ASML Holding N.V. (NASDAQ:ASML)’s share price was down 2.9% during trading on Tuesday . The stock traded as low as $1,475.00 and last traded at $1,520.94. Approximately 1,838,084 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 1,848,498 shares. The stock had previously closed at $1,565.81.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ASML shares. Morgan Stanley reissued an “overweight” rating on shares of ASML in a research note on Friday, January 16th. Berenberg Bank reissued a “buy” rating on shares of ASML in a research note on Friday. Freedom Capital raised ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. UBS Group reissued a “buy” rating on shares of ASML in a research note on Thursday, April 23rd. Finally, Citigroup reissued a “buy” rating on shares of ASML in a research note on Thursday, April 16th. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,504.38.

ASML Trading Down 2.9%

The company has a market capitalization of $598.16 billion, a P/E ratio of 54.55, a price-to-earnings-growth ratio of 1.31 and a beta of 1.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The firm has a fifty day moving average price of $1,403.69 and a 200-day moving average price of $1,268.10.

ASML (NASDAQ:ASML) last released its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The company had revenue of $10.15 billion during the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. On average, equities research analysts anticipate that ASML Holding N.V. will post 37.08 earnings per share for the current year.

Hedge Funds Weigh In On ASML

Institutional investors and hedge funds have recently bought and sold shares of the company. Manning & Napier Advisors LLC bought a new position in ASML during the third quarter valued at $25,000. Cornerstone Financial Management LLC purchased a new stake in shares of ASML in the fourth quarter worth $26,000. Binnacle Investments Inc raised its position in shares of ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after buying an additional 15 shares in the last quarter. Resources Management Corp CT ADV raised its position in shares of ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after buying an additional 23 shares in the last quarter. Finally, North Star Investment Management Corp. raised its position in ASML by 68.8% during the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 11 shares in the last quarter. 26.07% of the stock is owned by 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.