ASML (NASDAQ:ASML) Trading Down 4% – Here’s Why

ASML Holding N.V. (NASDAQ:ASML)’s share price fell 4% during mid-day trading on Thursday . The stock traded as low as $1,748.02 and last traded at $1,769.32. 2,662,418 shares traded hands during mid-day trading, an increase of 41% from the average session volume of 1,893,579 shares. The stock had previously closed at $1,843.04.

Analyst Ratings Changes

A number of research firms have recently issued reports on ASML. Sanford C. Bernstein reissued a “buy” rating on shares of ASML in a research report on Monday, June 15th. Citigroup reissued a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Weiss Ratings lowered ASML from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Morgan Stanley reissued an “overweight” rating on shares of ASML in a research report on Wednesday, June 3rd. Finally, Susquehanna reaffirmed a “positive” rating on shares of ASML in a research note on Tuesday. Four equities 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 company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,772.62.

ASML Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The stock has a market capitalization of $695.84 billion, a P/E ratio of 63.46, a PEG ratio of 1.51 and a beta of 1.78. The stock’s fifty day moving average is $1,655.84 and its 200-day moving average is $1,442.96.

ASML (NASDAQ:ASML) last announced its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The firm had revenue of $10.15 billion during the quarter. On average, equities analysts anticipate that ASML Holding N.V. will post 36.62 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ASML. Cornerstone Financial Management LLC bought a new position in shares of ASML in the fourth quarter worth about $26,000. Portus Wealth Advisors LLC acquired a new stake in ASML in the 1st quarter valued at approximately $32,000. Resources Management Corp CT ADV grew its holdings in ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 23 shares during the last quarter. North Star Investment Management Corp. increased its position in ASML by 68.8% in 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. Finally, Jessup Wealth Management Inc acquired a new position in shares of ASML during the fourth quarter worth approximately $30,000. 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.