ASML (NASDAQ:ASML) Stock Price Down 1.9% – Should You Sell?

ASML Holding N.V. (NASDAQ:ASML) fell 1.9% during mid-day trading on Friday . The stock traded as low as $1,839.00 and last traded at $1,863.55. 2,518,055 shares changed hands during trading, an increase of 36% from the average session volume of 1,844,814 shares. The stock had previously closed at $1,899.48.

Trending Headlines about ASML

Here are the key news stories impacting ASML this week:

• Positive Sentiment: Goldman Sachs reaffirmed its buy rating on ASML, reinforcing Wall Street confidence in the company’s long-term earnings and dominance in semiconductor lithography. ASML receives a buy rating from Goldman Sachs
• Positive Sentiment: Elon Musk’s appearance at ASML’s technology conference put the company in the spotlight and highlighted its importance to next-generation chip manufacturing plans, including Musk’s proposed Terafab project tied to Tesla and SpaceX. Ahead of SpaceX IPO, Elon Musk addresses ASML employees as part of push into chip manufacturing
• Positive Sentiment: Investor interest remains strong in ASML’s technology leadership, with commentary noting its widening moat and continued relevance in AI and advanced semiconductor manufacturing. The Competitive Threat That Never Was: ASML’s Widening Moat Boosts Stock 77% YTD
• Neutral Sentiment: ASML also drew attention from articles discussing possible chip-tool challengers such as Canon and xLight, but these reports did not show an immediate threat to ASML’s EUV leadership. Canon: Potential Challenger Of ASML’s EUV Process
• Neutral Sentiment: ASML reached a deal with unions to reduce planned job cuts, and a separate report said the cuts were delayed, which may help labor relations but is not a major near-term growth driver. ASML to slash fewer jobs after striking deal with unions

Wall Street Analyst Weigh In

Several research firms have weighed in on ASML. Wall Street Zen lowered shares of ASML from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Zacks Research upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Morningstar lowered shares of ASML to a “sell” rating in a report on Wednesday, May 27th. Royal Bank Of Canada boosted 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, Sanford C. Bernstein reiterated a “buy” rating on shares of ASML in a report on Monday, May 25th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and an average target price of $1,589.63.

ASML Stock Performance

The firm’s fifty day moving average price is $1,539.82 and its 200 day moving average price is $1,369.29. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $732.90 billion, a price-to-earnings ratio of 66.84, a price-to-earnings-growth ratio of 1.49 and a beta of 1.82.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS 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 for the quarter. Analysts forecast that ASML Holding N.V. will post 36.86 EPS for the current fiscal year.

Hedge Funds Weigh In On ASML

Large investors have recently made changes to their positions in the stock. Cornerstone Financial Management LLC acquired a new position in shares of ASML in the 4th quarter worth approximately $26,000. Portus Wealth Advisors LLC acquired a new stake in ASML during the 1st quarter worth approximately $32,000. Resources Management Corp CT ADV lifted its holdings 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 in the last quarter. North Star Investment Management Corp. lifted its holdings 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 in the last quarter. Finally, Jessup Wealth Management Inc acquired a new stake in ASML during the 4th quarter worth approximately $30,000. 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.