ASML (NASDAQ:ASML) Shares Down 4.7% – Time to Sell?

ASML Holding N.V. (NASDAQ:ASML)’s share price dropped 4.7% on Tuesday . The company traded as low as $1,802.61 and last traded at $1,803.89. 1,780,363 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 1,847,376 shares. The stock had previously closed at $1,892.66.

Key Headlines Impacting ASML

Here are the key news stories impacting ASML this week:

• Positive Sentiment: ASML’s CEO said the company needs to avoid supply constraints as it services new projects such as Elon Musk’s “Terafab,” highlighting potential new demand for ASML’s EUV tools. ASML CEO says need to make sure no supply constraints for new projects like Musk’s Terafab
• Positive Sentiment: Investors are focusing on bullish analyst calls and higher price targets, including Barclays raising its target and reaffirming an Overweight rating, which suggests confidence in ASML’s demand outlook and earnings growth. ASML Holding N.V. (ASML) is Attracting Investor Attention: Here is What You Should Know
• Positive Sentiment: Reports that ASML may have more EUV production capacity than previously expected have added to optimism that revenue and margin growth could improve if tool output scales faster. ASML CEO Flags Terafab Opportunity as AI Demand Stays Enormous
• Neutral Sentiment: ASML is also drawing broader investor attention as one of the most watched stocks on Zacks, but that coverage is mainly a reminder that the stock remains a high-interest name rather than a direct new catalyst. ASML Holding N.V. (ASML) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Recent coverage from outlets like Yahoo Finance and Insider Monkey largely repeats the same bullish thesis: strong AI-related chip demand and favorable analyst sentiment, with little evidence of a fresh negative development. Here’s Why ASML Holding N.V. (ASML) Is Among the Stocks with Best Earnings Growth for the Next 3 Years

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ASML. DZ Bank restated a “neutral” rating on shares of ASML in a research report on Wednesday, April 15th. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research report on Monday, June 1st. Barclays reiterated an “overweight” rating on shares of ASML in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a report on Thursday, April 16th. Finally, Zacks Research upgraded ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Four research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,589.62.

ASML Stock Up 3.3%

The company’s 50 day simple moving average is $1,572.34 and its 200-day simple moving average is $1,389.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. The firm has a market capitalization of $758.90 billion, a PE ratio of 69.21, a PEG ratio of 1.45 and a beta of 1.82.

ASML (NASDAQ:ASML) last released 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, analysts forecast that ASML Holding N.V. will post 36.76 EPS for the current fiscal year.

Hedge Funds Weigh In On ASML

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cornerstone Financial Management LLC purchased a new position in shares of ASML during the fourth quarter worth about $26,000. Portus Wealth Advisors LLC bought a new position in shares of ASML in the first quarter worth approximately $32,000. Resources Management Corp CT ADV raised its stake in 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 in the last quarter. North Star Investment Management Corp. raised 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 valued at $29,000 after purchasing an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc bought a new stake in ASML during the fourth quarter valued at approximately $30,000. 26.07% of the stock is currently owned by hedge funds and other 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.