ASML (NASDAQ:ASML) Trading Down 1.6% – Time to Sell?

ASML Holding N.V. (NASDAQ:ASML)’s share price dropped 1.6% during trading on Monday . The company traded as low as $1,521.36 and last traded at $1,565.81. Approximately 2,188,098 shares were traded during trading, an increase of 18% from the average daily volume of 1,848,581 shares. The stock had previously closed at $1,592.02.

Analyst Ratings Changes

ASML has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of ASML from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research note on Wednesday, April 8th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ASML in a research note on Monday, April 13th. Finally, TD Cowen reaffirmed a “buy” rating on shares of ASML in a research note on Wednesday, January 28th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,504.38.

ASML Stock Performance

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 capitalization of $622.00 billion, a price-to-earnings ratio of 56.73, a PEG ratio of 1.25 and a beta of 1.81. The stock’s 50 day moving average price is $1,408.26 and its two-hundred day moving average price is $1,275.53.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The business 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%. On average, analysts forecast that ASML Holding N.V. will post 37.09 EPS for the current year.

Institutional Investors Weigh In On ASML

Large investors have recently added to or reduced their stakes in the business. Telos Capital Management Inc. grew its position in ASML by 4.5% in the third quarter. Telos Capital Management Inc. now owns 10,850 shares of the semiconductor company’s stock valued at $10,504,000 after acquiring an additional 463 shares in the last quarter. Regents of The University of California acquired a new stake in ASML in the third quarter valued at approximately $413,335,000. Dimensional Fund Advisors LP grew its position in ASML by 4.1% in the third quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company’s stock valued at $959,180,000 after acquiring an additional 38,660 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in ASML in the third quarter valued at approximately $680,000. Finally, Principal Financial Group Inc. grew its position in ASML by 34.5% in the third quarter. Principal Financial Group Inc. now owns 15,583 shares of the semiconductor company’s stock valued at $15,086,000 after acquiring an additional 4,001 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

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.