ASML (NASDAQ:ASML) Shares Gap Down – What’s Next?

ASML Holding (NASDAQ:ASML)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $766.71, but opened at $740.01. ASML shares last traded at $741.92, with a volume of 496,027 shares trading hands.

Wall Street Analyst Weigh In

ASML has been the topic of a number of analyst reports. BNP Paribas started coverage on shares of ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company raised their price target on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Susquehanna dropped their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and a consensus target price of $955.50.

ASML Trading Down 1.9 %

The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The stock has a market cap of $288.08 billion, a P/E ratio of 38.34, a PEG ratio of 2.39 and a beta of 1.47. The business’s 50 day simple moving average is $714.70 and its two-hundred day simple moving average is $788.08.

Hedge Funds Weigh In On ASML

Several large investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its position in ASML by 176.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,306 shares of the semiconductor company’s stock worth $2,358,000 after buying an additional 1,472 shares during the period. AXA S.A. raised its stake in shares of ASML by 158.0% during the second quarter. AXA S.A. now owns 13,499 shares of the semiconductor company’s stock valued at $13,806,000 after acquiring an additional 8,266 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of ASML by 41.1% during the second quarter. AQR Capital Management LLC now owns 1,974 shares of the semiconductor company’s stock worth $2,019,000 after purchasing an additional 575 shares during the period. Daymark Wealth Partners LLC grew its stake in shares of ASML by 16.1% in the second quarter. Daymark Wealth Partners LLC now owns 1,587 shares of the semiconductor company’s stock worth $1,623,000 after purchasing an additional 220 shares during the last quarter. Finally, Matrix Private Capital Group LLC raised its position in ASML by 5.5% during the 2nd quarter. Matrix Private Capital Group LLC now owns 248 shares of the semiconductor company’s stock worth $254,000 after purchasing an additional 13 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

About ASML

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.