ASML (NASDAQ:ASML) Trading Down 6.6% – Should You Sell?

ASML Holding N.V. (NASDAQ:ASML) shares dropped 6.6% during trading on Friday . The company traded as low as $1,638.38 and last traded at $1,641.74. Approximately 2,694,314 shares were traded during mid-day trading, an increase of 49% from the average daily volume of 1,808,246 shares. The stock had previously closed at $1,757.47.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ASML shares. Weiss Ratings lowered ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Wall Street Zen lowered ASML from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Zacks Research cut shares of ASML from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,589.63.

ASML Stock Down 6.6%

The firm has a market capitalization of $645.67 billion, a P/E ratio of 58.89, a PEG ratio of 1.42 and a beta of 1.82. The firm’s fifty day moving average price is $1,485.72 and its 200-day moving average price is $1,339.11. 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 released 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 for the quarter. As a group, equities research analysts forecast that ASML Holding N.V. will post 37.1 earnings per share for the current year.

Institutional Trading of ASML

Institutional investors and hedge funds have recently bought and sold shares of the stock. Regents of The University of California acquired a new stake in shares of ASML in the 3rd quarter valued at $413,335,000. Dimensional Fund Advisors LP boosted its position in ASML by 4.1% during the third quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company’s stock worth $959,180,000 after purchasing an additional 38,660 shares during the period. Principal Financial Group Inc. grew its holdings in ASML by 34.5% during the third quarter. Principal Financial Group Inc. now owns 15,583 shares of the semiconductor company’s stock valued at $15,086,000 after purchasing an additional 4,001 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of ASML by 314.0% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 24,626 shares of the semiconductor company’s stock worth $23,841,000 after buying an additional 18,677 shares during the last quarter. Finally, Bingham Private Wealth LLC acquired a new stake in shares of ASML in the fourth quarter valued at about $1,444,000. Institutional investors and hedge funds 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.