ASML (NASDAQ:ASML) Stock Price Down 2.5% – Should You Sell?

ASML Holding N.V. (NASDAQ:ASML) shares traded down 2.5% on Friday . The stock traded as low as $1,767.64 and last traded at $1,794.62. 2,819,440 shares traded hands during mid-day trading, an increase of 50% from the average session volume of 1,875,489 shares. The stock had previously closed at $1,841.18.

Analysts Set New Price Targets

ASML has been the subject of a number of recent analyst reports. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research note on Friday, May 8th. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research report on Monday, June 1st. Zacks Research raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Barclays restated an “overweight” rating on shares of ASML in a research report on Thursday, June 4th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, June 11th. 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,772.62.

ASML Trading Down 2.5%

The stock has a market capitalization of $705.79 billion, a P/E ratio of 64.37, a PEG ratio of 1.36 and a beta of 1.82. The stock’s fifty day moving average price is $1,628.47 and its 200 day moving average price is $1,424.18. 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 data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The company had revenue of $10.15 billion during the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. Research analysts forecast that ASML Holding N.V. will post 36.69 earnings per share for the current year.

Institutional Trading of ASML

A number of hedge funds have recently added to or reduced their stakes in ASML. Arrowstreet Capital Limited Partnership lifted its position in shares of ASML by 195.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock worth $1,652,618,000 after purchasing an additional 1,022,532 shares during the period. Capital International Investors raised its stake in shares of ASML by 17.3% during the 3rd quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock worth $3,791,982,000 after acquiring an additional 577,448 shares in the last quarter. Alliancebernstein L.P. lifted its position in ASML by 75.6% during the third quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock valued at $765,632,000 after acquiring an additional 340,518 shares during the last quarter. Van ECK Associates Corp lifted its position in ASML by 16.6% during the third quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock valued at $2,079,948,000 after acquiring an additional 305,435 shares during the last quarter. Finally, BlueSpruce Investments LP boosted its stake in ASML by 18,861.1% in the third quarter. BlueSpruce Investments LP now owns 244,977 shares of the semiconductor company’s stock valued at $237,160,000 after acquiring an additional 243,685 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

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.