ASML (NASDAQ:ASML) Shares Down 2.5% – Here’s What Happened

ASML Holding N.V. (NASDAQ:ASML)’s stock price dropped 2.5% on Friday . The company traded as low as $1,767.64 and last traded at $1,794.62. 2,819,440 shares changed hands during trading, an increase of 50% from the average session volume of 1,875,489 shares. The stock had previously closed at $1,841.18.

Analysts Set New Price Targets

Several analysts have recently issued reports on ASML shares. Morningstar cut shares of ASML to a “sell” rating in a research note on Wednesday, May 27th. Weiss Ratings cut ASML from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Citigroup reissued a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Wells Fargo & Company upped their price target on ASML from $1,750.00 to $2,200.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Susquehanna restated a “positive” rating on shares of ASML in a report on Thursday, April 9th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,772.62.

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 cap of $705.79 billion, a PE ratio of 64.37, a P/E/G ratio of 1.34 and a beta of 1.82. The stock’s 50 day moving average price is $1,622.22 and its 200 day moving average price is $1,421.57.

ASML (NASDAQ:ASML) last announced its quarterly 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 during the quarter. As a group, equities analysts forecast that ASML Holding N.V. will post 36.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ASML

Large investors have recently modified their holdings of the stock. Cornerstone Financial Management LLC acquired a new stake in ASML in the fourth quarter valued at approximately $26,000. Binnacle Investments Inc boosted its stake in shares of ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 15 shares during the period. Resources Management Corp CT ADV boosted its stake 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 valued at $27,000 after purchasing an additional 23 shares during the period. 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 valued at $29,000 after purchasing an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc purchased a new stake in ASML during the 4th quarter worth $30,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

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.