ASML (NASDAQ:ASML) Stock Price Down 2.1% – Time to Sell?

ASML Holding N.V. (NASDAQ:ASML) shares fell 2.1% during trading on Wednesday . The stock traded as low as $1,583.00 and last traded at $1,597.87. 1,356,522 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 1,821,274 shares. The stock had previously closed at $1,632.03.

Wall Street Analyst Weigh In

Several research firms recently commented on ASML. Weiss Ratings upgraded ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Barclays upgraded ASML to a “buy” rating in a research report on Tuesday, May 19th. Sanford C. Bernstein restated a “buy” rating on shares of ASML in a research report on Monday. Zacks Research lowered ASML from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, UBS Group restated a “buy” rating on shares of ASML in a research report on Wednesday, May 20th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,504.38.

ASML Stock Down 2.1%

The company’s 50 day moving average price is $1,444.48 and its two-hundred day moving average price is $1,307.68. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The stock has a market cap of $628.42 billion, a P/E ratio of 57.31, a P/E/G ratio of 1.34 and a beta of 1.81.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. The firm had revenue of $10.15 billion during the quarter. As a group, research analysts expect that ASML Holding N.V. will post 37.1 earnings per share for the current year.

Hedge Funds Weigh In On ASML

A number of large investors have recently bought and sold shares of ASML. Arrowstreet Capital Limited Partnership raised its stake in ASML by 195.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock worth $1,652,618,000 after buying an additional 1,022,532 shares in the last quarter. Capital International Investors raised its stake in ASML by 17.3% in the third quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock worth $3,791,982,000 after buying an additional 577,448 shares in the last quarter. Regents of The University of California bought a new position in ASML in the third quarter worth approximately $413,335,000. WCM Investment Management LLC raised its stake in ASML by 24.9% in the third quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock worth $1,861,445,000 after buying an additional 385,502 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in ASML by 75.6% in the third quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock worth $765,632,000 after buying an additional 340,518 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

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.