ASML (NASDAQ:ASML) Shares Gap Down – What’s Next?

ASML Holding (NASDAQ:ASML) shares gapped down prior to trading on Thursday . The stock had previously closed at $766.71, but opened at $740.01. ASML shares last traded at $741.92, with a volume of 496,027 shares changing hands.

Analyst Ratings Changes

Several equities research analysts recently commented on ASML shares. Susquehanna cut their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. JPMorgan Chase & Co. cut their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. BNP Paribas initiated coverage on ASML in a report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective for the company. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company raised their price target on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $955.50.

ASML Trading Down 1.9 %

The company has a market cap of $288.08 billion, a P/E ratio of 38.34, a PEG ratio of 2.39 and a beta of 1.47. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $714.70 and a 200-day moving average price of $788.08.

Institutional Trading of ASML

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its stake in shares of ASML by 176.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,306 shares of the semiconductor company’s stock worth $2,358,000 after acquiring an additional 1,472 shares during the period. AXA S.A. lifted its holdings in ASML by 158.0% during the 2nd quarter. AXA S.A. now owns 13,499 shares of the semiconductor company’s stock valued at $13,806,000 after purchasing an additional 8,266 shares during the last quarter. AQR Capital Management LLC boosted its position in ASML by 41.1% during the second quarter. AQR Capital Management LLC now owns 1,974 shares of the semiconductor company’s stock worth $2,019,000 after purchasing an additional 575 shares during the period. Daymark Wealth Partners LLC increased its holdings in shares of ASML by 16.1% in the second quarter. Daymark Wealth Partners LLC now owns 1,587 shares of the semiconductor company’s stock valued at $1,623,000 after purchasing an additional 220 shares during the last quarter. Finally, Matrix Private Capital Group LLC raised its position in shares of ASML by 5.5% in the second quarter. Matrix Private Capital Group LLC now owns 248 shares of the semiconductor company’s stock valued at $254,000 after purchasing an additional 13 shares during the period. 26.07% of the stock is owned by institutional investors.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.