ASML (NASDAQ:ASML) Stock Price Down 4% – Here’s What Happened

ASML Holding N.V. (NASDAQ:ASML)’s stock price fell 4% during mid-day trading on Thursday . The stock traded as low as $1,748.02 and last traded at $1,769.32. Approximately 2,662,418 shares changed hands during trading, an increase of 41% from the average daily volume of 1,893,579 shares. The stock had previously closed at $1,843.04.

Wall Street Analyst Weigh In

ASML has been the topic of a number of research analyst reports. Sanford C. Bernstein restated a “buy” rating on shares of ASML in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Susquehanna reissued a “positive” rating on shares of ASML in a report on Tuesday. Morningstar cut shares of ASML to a “sell” rating in a research report on Wednesday, May 27th. Finally, Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research note on Monday, June 1st. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,772.62.

ASML Stock Performance

The stock has a 50 day moving average of $1,668.56 and a 200 day moving average of $1,450.06. 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 market cap of $695.84 billion, a P/E ratio of 63.46, a PEG ratio of 1.34 and a beta of 1.78.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The firm had revenue of $10.15 billion during the quarter. As a group, equities research analysts predict that ASML Holding N.V. will post 36.62 EPS for the current year.

Institutional Trading of ASML

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cornerstone Financial Management LLC bought a new stake in shares of ASML in the 4th quarter worth approximately $26,000. Binnacle Investments Inc raised its position in ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 15 shares during the period. Resources Management Corp CT ADV raised its position in ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 23 shares during the period. North Star Investment Management Corp. lifted its stake in ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc bought a new stake in ASML in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

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.