ASML (NASDAQ:ASML) Stock Price Down 5.2% – Here’s Why

ASML Holding N.V. (NASDAQ:ASML)’s share price traded down 5.2% during mid-day trading on Friday . The company traded as low as $1,486.64 and last traded at $1,501.81. 1,777,476 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 1,841,365 shares. The stock had previously closed at $1,584.51.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Santander downgraded shares of ASML from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 22nd. DZ Bank reissued a “neutral” rating on shares of ASML in a research note on Wednesday, April 15th. Wall Street Zen downgraded shares of ASML from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Berenberg Bank reissued a “buy” rating on shares of ASML in a research note on Friday, May 8th. Finally, Freedom Capital raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. Three investment 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. According to data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,504.38.

ASML Stock Performance

The firm’s 50 day moving average is $1,412.73 and its two-hundred day moving average is $1,279.41. The stock has a market capitalization of $590.63 billion, a PE ratio of 53.87, a P/E/G ratio of 1.30 and a beta of 1.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36.

ASML (NASDAQ:ASML) last announced its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. The firm had revenue of $10.15 billion for the quarter. As a group, research analysts predict that ASML Holding N.V. will post 37.09 earnings per share for the current year.

Institutional Investors Weigh In On ASML

Large investors have recently added to or reduced their stakes in the business. Cornerstone Financial Management LLC acquired a new position in ASML during the 4th quarter worth approximately $26,000. Portus Wealth Advisors LLC acquired a new position in ASML during the 1st quarter worth approximately $32,000. Resources Management Corp CT ADV grew its holdings in ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 23 shares in the last quarter. Manning & Napier Advisors LLC acquired a new position in ASML during the 3rd quarter worth approximately $25,000. Finally, North Star Investment Management Corp. grew its holdings in ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 11 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

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.