ASML (NASDAQ:ASML) Trading Down 1.3% – Should You Sell?

ASML Holding (NASDAQ:ASML) traded down 1.3% during mid-day trading on Wednesday . The stock traded as low as $746.27 and last traded at $746.84. 347,834 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 1,663,188 shares. The stock had previously closed at $756.79.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Citigroup reiterated a “buy” rating on shares of ASML in a report on Monday, May 19th. JPMorgan Chase & Co. dropped their target price on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. DZ Bank raised ASML from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. Susquehanna decreased their price target on ASML from $1,100.00 to $965.00 and set a “positive” rating for the company in a research report on Thursday, April 17th. Finally, Wells Fargo & Company cut their price objective on ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $906.00.

ASML Trading Down 0.6%

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99. The firm has a fifty day simple moving average of $686.88 and a two-hundred day simple moving average of $707.02. The firm has a market capitalization of $296.10 billion, a P/E ratio of 36.24, a price-to-earnings-growth ratio of 1.62 and a beta of 1.75.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, topping the consensus estimate of $6.12 by $0.19. ASML had a return on equity of 47.73% and a net margin of 26.78%. The company had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $7.90 billion. On average, equities research analysts anticipate that ASML Holding will post 25.17 earnings per share for the current fiscal year.

Institutional Trading of ASML

Hedge funds and other institutional investors have recently modified their holdings of the business. Putney Financial Group LLC raised its holdings in ASML by 322.2% during the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 29 shares during the period. Kennebec Savings Bank grew its position in shares of ASML by 227.3% in the fourth quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 25 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of ASML during the 1st quarter valued at $27,000. Wellington Shields & Co. LLC lifted its holdings in ASML by 740.0% during the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 37 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in ASML during the 4th quarter worth about $31,000. Institutional investors own 26.07% of the company’s stock.

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.