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

ASML Holding N.V. (NASDAQ:ASML) shares dropped 1.6% during trading on Monday . The stock traded as low as $1,521.36 and last traded at $1,565.81. Approximately 2,188,098 shares traded hands 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.

Wall Street Analyst Weigh In

ASML has been the subject of several recent research reports. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a report on Wednesday, April 8th. Royal Bank Of Canada increased their target price on shares of ASML from $1,625.00 to $1,700.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. DZ Bank restated a “neutral” rating on shares of ASML in a report on Wednesday, April 15th. Morgan Stanley reiterated an “overweight” rating on shares of ASML in a research note on Friday, January 16th. Finally, Freedom Capital upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. Three equities research 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,504.38.

ASML Trading Down 1.6%

The stock has a market cap of $615.81 billion, a price-to-earnings ratio of 56.16, a PEG ratio of 1.31 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. The business’s 50 day simple moving average is $1,400.34 and its 200 day simple moving average is $1,260.42.

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

Hedge Funds Weigh In On ASML

Several large investors have recently modified their holdings of the stock. Fisher Asset Management LLC raised its position in shares of ASML by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company’s stock valued at $4,798,268,000 after purchasing an additional 132,353 shares during the period. Capital International Investors raised its position in shares of ASML by 17.3% in the third quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock valued at $3,791,982,000 after purchasing an additional 577,448 shares during the period. Van ECK Associates Corp increased its position in ASML by 16.6% during the third quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock worth $2,079,948,000 after acquiring an additional 305,435 shares during the period. WCM Investment Management LLC increased its position in ASML by 24.9% during the third quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock worth $1,861,445,000 after acquiring an additional 385,502 shares during the period. Finally, Bank of America Corp DE increased its position in ASML by 8.3% during the third quarter. Bank of America Corp DE now owns 1,865,254 shares of the semiconductor company’s stock worth $1,805,733,000 after acquiring an additional 142,763 shares during the period. 26.07% of the stock is owned by 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.