ASML (NASDAQ:ASML) Trading Down 2.5% – What’s Next?

ASML Holding N.V. (NASDAQ:ASML)’s share price dropped 2.5% on Friday . The stock traded as low as $1,767.64 and last traded at $1,794.62. Approximately 2,819,440 shares were traded during trading, an increase of 50% from the average daily volume of 1,875,489 shares. The stock had previously closed at $1,841.18.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ASML. Morgan Stanley reiterated an “overweight” rating on shares of ASML in a research note on Wednesday, June 3rd. Barclays reaffirmed an “overweight” rating on shares of ASML in a research report on Thursday, June 4th. Wells Fargo & Company raised their price target on shares of ASML from $1,750.00 to $2,200.00 and gave the stock an “overweight” rating in a research report on Monday. Morningstar lowered shares of ASML to a “sell” rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen cut shares of ASML from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Four research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,772.62.

ASML Trading Down 2.5%

The company has a market cap of $705.79 billion, a P/E ratio of 64.37, a P/E/G ratio of 1.34 and a beta of 1.82. The business has a fifty day simple moving average of $1,622.22 and a 200 day simple moving average of $1,421.57. 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 issued its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The business had revenue of $10.15 billion during the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. Analysts anticipate that ASML Holding N.V. will post 36.69 earnings per share for the current fiscal year.

Institutional Trading of ASML

Institutional investors and hedge funds have recently modified their holdings of the business. Cornerstone Financial Management LLC acquired a new position in shares of ASML in the 4th quarter valued at about $26,000. Portus Wealth Advisors LLC acquired a new stake in ASML during the first quarter worth about $32,000. Resources Management Corp CT ADV lifted its holdings 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 worth $27,000 after acquiring an additional 23 shares during the last quarter. North Star Investment Management Corp. lifted its holdings 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 acquiring an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc acquired a new position in ASML in the fourth quarter valued at approximately $30,000. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Company Profile

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.