ASML (NASDAQ:ASML) Shares Down 7.4% – Time to Sell?

ASML Holding N.V. (NASDAQ:ASML)’s stock price fell 7.4% during trading on Wednesday . The stock traded as low as $1,832.63 and last traded at $1,843.04. 2,572,412 shares changed hands during trading, an increase of 36% from the average daily volume of 1,887,273 shares. The stock had previously closed at $1,989.44.

Analyst Ratings Changes

A number of brokerages have weighed in on ASML. Citigroup reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Morgan Stanley reissued an “overweight” rating on shares of ASML in a research report on Wednesday, June 3rd. Weiss Ratings downgraded ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. raised their price objective on ASML from $1,813.00 to $2,200.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, Freedom Capital raised ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. Four investment 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 given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,772.62.

ASML Stock Performance

The firm’s 50 day moving average price is $1,662.05 and its 200-day moving average price is $1,447.81. The stock has a market cap of $695.85 billion, a P/E ratio of 63.46, a P/E/G ratio of 1.40 and a beta of 1.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78.

ASML (NASDAQ:ASML) last announced 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 company had revenue of $10.15 billion during the quarter. As a group, equities research analysts forecast that ASML Holding N.V. will post 36.62 earnings per share for the current year.

Institutional Trading of ASML

A number of institutional investors and hedge funds have recently modified their holdings of the business. Gradient Investments LLC grew its stake in shares of ASML by 424.3% during the 4th quarter. Gradient Investments LLC now owns 14,388 shares of the semiconductor company’s stock valued at $15,393,000 after purchasing an additional 11,644 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of ASML by 314.0% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 24,626 shares of the semiconductor company’s stock valued at $23,841,000 after acquiring an additional 18,677 shares during the period. Bingham Private Wealth LLC bought a new stake in shares of ASML during the 4th quarter valued at $1,444,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of ASML by 3.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock worth $24,036,000 after purchasing an additional 760 shares in the last quarter. Finally, Longfellow Investment Management Co. LLC purchased a new stake in shares of ASML in the 3rd quarter worth $4,840,000. Institutional investors 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.