ASML (NASDAQ:ASML) Stock Price Down 3.4% – Here’s What Happened

ASML Holding (NASDAQ:ASML)’s share price fell 3.4% during mid-day trading on Thursday . The stock traded as low as $736.00 and last traded at $740.83. 718,949 shares were traded during mid-day trading, a decline of 53% from the average session volume of 1,524,951 shares. The stock had previously closed at $766.71.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ASML. Wells Fargo & Company lifted their price target on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a report on Monday, January 13th. BNP Paribas assumed coverage on shares of ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 target price for the company. Susquehanna decreased their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Sanford C. Bernstein lowered their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. Finally, JPMorgan Chase & Co. cut their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $955.50.

ASML Stock Performance

The company has a market capitalization of $288.08 billion, a P/E ratio of 38.34, a price-to-earnings-growth ratio of 2.39 and a beta of 1.47. The business has a 50 day moving average of $714.70 and a 200 day moving average of $788.08. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Fairway Wealth LLC bought a new position in ASML during the third quarter valued at $25,000. Milestone Investment Advisors LLC purchased a new stake in shares of ASML during the 3rd quarter valued at about $28,000. Kennebec Savings Bank lifted its holdings in shares of ASML by 227.3% in the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 25 shares during the last quarter. Fortitude Family Office LLC grew its position in ASML by 46.9% in the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 15 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in ASML during the third quarter valued at approximately $43,000. 26.07% of the stock is currently owned by institutional investors.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.