ASML (NASDAQ:ASML) Shares Down 2.3% – Here’s Why

ASML Holding (NASDAQ:ASML) dropped 2.3% on Tuesday . The company traded as low as $666.60 and last traded at $674.29. Approximately 1,070,567 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 1,753,306 shares. The stock had previously closed at $690.15.

Analyst Ratings Changes

ASML has been the topic of a number of recent research reports. Susquehanna decreased their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. dropped their price objective on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research note on Thursday. DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company increased their target price on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $937.00.

ASML Stock Performance

The stock has a market cap of $289.95 billion, a price-to-earnings ratio of 38.59, a P/E/G ratio of 2.39 and a beta of 1.47. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $716.70 and a 200-day simple moving average of $778.07.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a net margin of 26.40% and a return on equity of 47.61%. Analysts forecast that ASML Holding will post 20.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ASML. Fairway Wealth LLC acquired a new position in ASML in the third quarter valued at about $25,000. Milestone Investment Advisors LLC acquired a new stake in shares of ASML in the 3rd quarter valued at approximately $28,000. Kennebec Savings Bank grew its holdings in ASML by 227.3% during 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 during the period. Fortitude Family Office LLC increased its stake in ASML by 46.9% in the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 15 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in ASML in the third quarter worth $43,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

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.