ASML (NASDAQ:ASML) Trading Down 2% – Here’s Why

ASML Holding N.V. (NASDAQ:ASML)’s share price fell 2% during trading on Monday . The company traded as low as $1,453.34 and last traded at $1,472.39. 1,649,726 shares traded hands during trading, a decline of 10% from the average session volume of 1,839,721 shares. The stock had previously closed at $1,501.81.

Key ASML News

Here are the key news stories impacting ASML this week:

• Positive Sentiment: ASML’s deal with Tata Electronics expands its footprint in India and could create future equipment sales as Tata scales up its advanced chip fab. ASML Expands Globally, Joins Tata for India Semiconductor Hub
• Positive Sentiment: ASML’s ongoing share buyback program may provide some support to earnings per share and signal management confidence in the company’s valuation. ASML reports transactions under its current share buyback program
• Neutral Sentiment: Wall Street’s generally bullish view on ASML is keeping the stock on investors’ radar, but this article is more of a commentary on analyst sentiment than a new company-specific catalyst. Is It Worth Investing in ASML (ASML) Based on Wall Street’s Bullish Views?

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research report on Wednesday, April 8th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, April 23rd. Santander cut shares of ASML from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 22nd. Barclays reiterated a “buy” rating on shares of ASML in a research note on Wednesday, April 15th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of ASML in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,504.38.

ASML Trading Down 2.0%

The firm has a 50-day moving average of $1,414.78 and a two-hundred day moving average of $1,282.52. The firm has a market capitalization of $579.07 billion, a P/E ratio of 52.81, a P/E/G ratio of 1.23 and a beta of 1.81. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13.

ASML (NASDAQ:ASML) last issued its earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The firm had revenue of $10.15 billion during the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. On average, analysts anticipate that ASML Holding N.V. will post 37.09 EPS for the current year.

Institutional Trading of ASML

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC lifted its stake in shares of ASML by 26.5% in the 1st quarter. Empowered Funds LLC now owns 19,539 shares of the semiconductor company’s stock valued at $25,808,000 after acquiring an additional 4,092 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in ASML by 63.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 46,731 shares of the semiconductor company’s stock worth $61,712,000 after acquiring an additional 18,127 shares during the last quarter. KCM Investment Advisors LLC increased its holdings in ASML by 4.5% in the 1st quarter. KCM Investment Advisors LLC now owns 257 shares of the semiconductor company’s stock worth $339,000 after purchasing an additional 11 shares in the last quarter. Excelsior Advisor Network LLC increased its holdings in ASML by 7.5% in the 1st quarter. Excelsior Advisor Network LLC now owns 215 shares of the semiconductor company’s stock worth $284,000 after purchasing an additional 15 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in ASML by 19.8% in the first quarter. Quantinno Capital Management LP now owns 59,978 shares of the semiconductor company’s stock valued at $79,222,000 after purchasing an additional 9,929 shares during the last quarter. Institutional investors 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.