ASML (NASDAQ:ASML) Shares Down 1.8% – Should You Sell?

ASML Holding (NASDAQ:ASML)’s share price was down 1.8% during trading on Friday . The company traded as low as $742.21 and last traded at $744.53. Approximately 382,796 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 1,655,159 shares. The stock had previously closed at $758.36.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ASML shares. Susquehanna dropped their target price on ASML from $1,100.00 to $965.00 and set a “positive” rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. decreased their price target on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Wells Fargo & Company decreased their price target on ASML from $860.00 to $840.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Finally, DZ Bank raised ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $906.00.

ASML Trading Down 1.4%

The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The stock has a 50-day simple moving average of $683.78 and a two-hundred day simple moving average of $703.59. The firm has a market capitalization of $294.32 billion, a P/E ratio of 35.97, a price-to-earnings-growth ratio of 1.62 and a beta of 1.75.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, beating analysts’ consensus estimates of $6.12 by $0.19. The business had revenue of $8.77 billion during the quarter, compared to analyst estimates of $7.90 billion. ASML had a return on equity of 47.73% and a net margin of 26.78%. On average, equities research analysts anticipate that ASML Holding will post 25.17 earnings per share for the current year.

Institutional Investors Weigh In On ASML

A number of institutional investors and hedge funds have recently bought and sold shares of ASML. Hennion & Walsh Asset Management Inc. raised its position in shares of ASML by 21.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,828 shares of the semiconductor company’s stock worth $1,267,000 after acquiring an additional 328 shares in the last quarter. Carnegie Investment Counsel raised its position in shares of ASML by 68.9% in the 4th quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock worth $1,475,000 after acquiring an additional 868 shares in the last quarter. Procyon Advisors LLC raised its position in shares of ASML by 2.2% in the 4th quarter. Procyon Advisors LLC now owns 780 shares of the semiconductor company’s stock worth $541,000 after acquiring an additional 17 shares in the last quarter. Boston Common Asset Management LLC raised its position in shares of ASML by 12.5% in the 4th quarter. Boston Common Asset Management LLC now owns 6,128 shares of the semiconductor company’s stock worth $4,247,000 after acquiring an additional 680 shares in the last quarter. Finally, Merit Financial Group LLC raised its position in shares of ASML by 155.3% in the 4th quarter. Merit Financial Group LLC now owns 1,432 shares of the semiconductor company’s stock worth $993,000 after acquiring an additional 871 shares in the last quarter. 26.07% of the stock is 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.