ASML (NASDAQ:ASML) Shares Down 2.3% – What’s Next?

ASML Holding (NASDAQ:ASML)’s share price traded down 2.3% during mid-day trading on Tuesday . The stock traded as low as $666.60 and last traded at $674.29. 1,070,567 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 1,753,306 shares. The stock had previously closed at $690.15.

Analyst Ratings Changes

A number of brokerages have recently commented on ASML. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein cut their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. Wells Fargo & Company raised their target price on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Susquehanna cut their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $937.00.

ASML Trading Up 3.4 %

The firm has a market capitalization of $289.95 billion, a price-to-earnings ratio of 38.59, a price-to-earnings-growth ratio of 2.39 and a beta of 1.47. The company has a fifty day moving average price of $716.70 and a 200-day moving average price of $778.07. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a net margin of 26.40% and a return on equity of 47.61%. On average, equities research analysts predict that ASML Holding will post 20.54 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Fairway Wealth LLC acquired a new position in shares of ASML during the 3rd quarter worth about $25,000. Milestone Investment Advisors LLC bought a new stake in shares of ASML in the third quarter valued at approximately $28,000. Kennebec Savings Bank grew its stake in shares of ASML by 227.3% in the fourth quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 25 shares during the last quarter. Fortitude Family Office LLC increased its position in ASML by 46.9% during the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 15 shares during the period. Finally, Brooklyn Investment Group acquired a new position in ASML during the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

About ASML

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.