ASML (NASDAQ:ASML) Stock Price Down 5.2% – Here’s Why

ASML Holding N.V. (NASDAQ:ASML) was down 5.2% during trading on Friday . The stock traded as low as $1,486.64 and last traded at $1,501.81. Approximately 1,777,476 shares changed hands during trading, a decline of 3% from the average daily volume of 1,841,365 shares. The stock had previously closed at $1,584.51.

Analyst Upgrades and Downgrades

Several research analysts have commented on ASML shares. Royal Bank Of Canada boosted their price target on shares of ASML from $1,625.00 to $1,700.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research report on Friday, May 8th. Susquehanna reaffirmed a “positive” rating on shares of ASML in a research report on Thursday, April 9th. DZ Bank reaffirmed a “neutral” rating on shares of ASML in a research report on Wednesday, April 15th. Finally, Zacks Research downgraded shares of ASML from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. 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 company’s stock. According to MarketBeat.com, ASML has an average rating of “Moderate Buy” and an average target price of $1,504.38.

ASML Price Performance

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 stock’s 50-day moving average is $1,412.73 and its 200 day moving average is $1,279.41. The stock has a market capitalization of $590.63 billion, a PE ratio of 53.87, a P/E/G ratio of 1.30 and a beta of 1.81.

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 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%. As a group, equities analysts expect that ASML Holding N.V. will post 37.09 earnings per share for the current year.

Institutional Trading of ASML

Large investors have recently bought and sold shares of the business. Manning & Napier Advisors LLC acquired a new stake in ASML during the 3rd quarter worth $25,000. Cornerstone Financial Management LLC acquired a new stake in ASML during the 4th quarter worth $26,000. Binnacle Investments Inc boosted its stake 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 purchasing an additional 15 shares during the period. Resources Management Corp CT ADV boosted its stake 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 purchasing an additional 23 shares during the period. Finally, North Star Investment Management Corp. boosted its stake 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 purchasing an additional 11 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

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.