ASML (NASDAQ:ASML) Stock Price Down 5.2% – Here’s What Happened

ASML Holding (NASDAQ:ASML)’s share price fell 5.2% during trading on Wednesday . The company traded as low as $686.60 and last traded at $692.48. 4,277,337 shares changed hands during mid-day trading, an increase of 229% from the average session volume of 1,301,981 shares. The stock had previously closed at $730.43.

Analysts Set New Price Targets

ASML has been the subject of several analyst reports. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Wells Fargo & Company cut their target price on ASML from $1,185.00 to $1,000.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price target on ASML from $1,202.00 to $1,207.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,071.80.

ASML Trading Down 6.8 %

The stock’s 50 day simple moving average is $843.76 and its two-hundred day simple moving average is $921.53. The stock has a market capitalization of $268.55 billion, a PE ratio of 35.37, a PEG ratio of 2.08 and a beta of 1.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. ASML had a net margin of 26.50% and a return on equity of 49.93%. The firm had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. On average, sell-side analysts expect that ASML Holding will post 20.38 EPS for the current year.

Hedge Funds Weigh In On ASML

A number of large investors have recently added to or reduced their stakes in the business. Resources Management Corp CT ADV bought a new position in shares of ASML during the second quarter valued at about $26,000. WD Rutherford LLC bought a new stake in shares of ASML in the 1st quarter worth approximately $29,000. Triad Wealth Partners LLC bought a new position in shares of ASML during the second quarter valued at approximately $31,000. First Community Trust NA bought a new position in shares of ASML during the second quarter valued at approximately $34,000. Finally, POM Investment Strategies LLC purchased a new stake in ASML in the second quarter worth $36,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Company Profile

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.