ASML (NASDAQ:ASML) Shares Down 1.6% – Time to Sell?

ASML Holding N.V. (NASDAQ:ASML)’s stock price dropped 1.6% during trading on Monday . The company traded as low as $1,521.36 and last traded at $1,565.81. Approximately 2,188,098 shares changed hands during trading, an increase of 18% from the average daily volume of 1,848,581 shares. The stock had previously closed at $1,592.02.

Analysts Set New Price Targets

ASML has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML in a research report on Monday, April 13th. TD Cowen reissued a “buy” rating on shares of ASML in a report on Wednesday, January 28th. Citigroup reissued a “buy” rating on shares of ASML in a report on Thursday, April 16th. Royal Bank Of Canada raised their target price on shares of ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $1,750.00 target price on shares of ASML in a report on Thursday, April 16th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,504.38.

ASML Stock Down 1.6%

The company has a market capitalization of $615.81 billion, a P/E ratio of 56.16, a price-to-earnings-growth ratio of 1.31 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. The firm’s fifty day moving average is $1,400.34 and its 200-day moving average is $1,260.42.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The company had revenue of $10.15 billion for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. As a group, equities research analysts predict that ASML Holding N.V. will post 37.08 EPS for the current year.

Institutional Investors Weigh In On ASML

Hedge funds have recently added to or reduced their stakes in the business. Manning & Napier Advisors LLC acquired a new stake in ASML during the 3rd quarter worth approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in ASML during the 4th quarter worth approximately $26,000. Binnacle Investments Inc boosted its position in ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after buying an additional 15 shares during the period. Resources Management Corp CT ADV boosted its position in ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after buying an additional 23 shares during the period. Finally, North Star Investment Management Corp. boosted its position in ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after buying an additional 11 shares during the period. 26.07% of the stock is currently 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.