ASML Holding N.V. (NASDAQ:ASML – Get Free Report)’s share price dropped 2% during mid-day trading on Monday . The stock traded as low as $1,453.34 and last traded at $1,472.39. Approximately 1,649,726 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 1,839,721 shares. The stock had previously closed at $1,501.81.
Trending Headlines about ASML
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 research firms have weighed in on ASML. JPMorgan Chase & Co. reissued a “buy” rating on shares of ASML in a report on Friday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research note on Wednesday, May 13th. Santander cut shares of ASML from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 22nd. Citigroup restated a “buy” rating on shares of ASML in a report on Thursday, April 16th. Finally, Zacks Research lowered ASML from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and an average price target of $1,504.38.
ASML Stock Down 2.0%
The stock’s 50-day moving average price is $1,414.78 and its 200-day moving average price is $1,282.52. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. The stock has a market cap of $579.07 billion, a price-to-earnings ratio of 52.81, a P/E/G ratio of 1.23 and a beta of 1.81.
ASML (NASDAQ:ASML – Get Free Report) last posted 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%. On average, sell-side analysts expect that ASML Holding N.V. will post 37.09 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Telos Capital Management Inc. raised its holdings in ASML by 4.5% during the third quarter. Telos Capital Management Inc. now owns 10,850 shares of the semiconductor company’s stock worth $10,504,000 after buying an additional 463 shares during the last quarter. Regents of The University of California acquired a new position in shares of ASML during the third quarter valued at about $413,335,000. Dimensional Fund Advisors LP grew its holdings in shares of ASML by 4.1% during the third quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company’s stock valued at $959,180,000 after buying an additional 38,660 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in shares of ASML during the third quarter worth about $680,000. Finally, Principal Financial Group Inc. raised its holdings in shares of ASML by 34.5% in the 3rd quarter. Principal Financial Group Inc. now owns 15,583 shares of the semiconductor company’s stock worth $15,086,000 after acquiring an additional 4,001 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.
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.
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