ASML (NASDAQ:ASML) Shares Down 2.9% – Here’s Why

ASML Holding N.V. (NASDAQ:ASML)’s share price traded down 2.9% during trading on Tuesday . The company traded as low as $1,475.00 and last traded at $1,520.94. 1,838,084 shares traded hands during trading, a decline of 1% from the average session volume of 1,848,498 shares. The stock had previously closed at $1,565.81.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wells Fargo & Company reiterated an “overweight” rating and set a $1,750.00 price objective on shares of ASML in a research report on Thursday, April 16th. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research report on Friday, May 8th. UBS Group reiterated a “buy” rating on shares of ASML in a research report on Thursday, April 23rd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML in a research report on Monday, April 13th. Finally, Susquehanna reiterated a “positive” rating on shares of ASML in a research report on Thursday, April 9th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,504.38.

ASML Trading Up 0.2%

The company has a 50 day moving average price of $1,412.73 and a 200 day moving average price of $1,279.41. The firm has a market cap of $623.16 billion, a price-to-earnings ratio of 56.83, a price-to-earnings-growth ratio of 1.30 and a beta of 1.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The business had revenue of $10.15 billion for the quarter. On average, research analysts expect that ASML Holding N.V. will post 37.09 earnings per share for the current year.

Institutional Investors Weigh In On ASML

A number of institutional investors have recently modified their holdings of the company. Family Capital Management Inc. grew its stake in shares of ASML by 0.8% in the fourth quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock valued at $983,000 after buying an additional 7 shares in the last quarter. 44 Wealth Management LLC grew its stake in shares of ASML by 1.1% in the fourth quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock valued at $703,000 after buying an additional 7 shares in the last quarter. Evolution Wealth Management Inc. grew its stake in shares of ASML by 22.6% in the first quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 7 shares in the last quarter. Sky Investment Group LLC grew its stake in shares of ASML by 2.1% in the fourth quarter. Sky Investment Group LLC now owns 384 shares of the semiconductor company’s stock valued at $411,000 after buying an additional 8 shares in the last quarter. Finally, White Lighthouse Investment Management Inc. grew its stake in shares of ASML by 2.2% in the fourth quarter. White Lighthouse Investment Management Inc. now owns 365 shares of the semiconductor company’s stock valued at $390,000 after buying an additional 8 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

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.