ASML (NASDAQ:ASML) Stock Price Down 5.2% – What’s Next?

ASML Holding N.V. (NASDAQ:ASML)’s stock price fell 5.2% during trading on Friday . The company traded as low as $1,486.64 and last traded at $1,501.81. 1,777,476 shares changed hands during trading, a decline of 3% from the average session volume of 1,841,365 shares. The stock had previously closed at $1,584.51.

Trending Headlines about ASML

Here are the key news stories impacting ASML this week:

• Positive Sentiment: ASML and Tata Electronics signed a deal to support an advanced chip fab project in Gujarat, India, highlighting new growth opportunities for ASML in a major emerging semiconductor market. Dutch chip giant ASML signs deal with Tata to power India semiconductor plant
• Positive Sentiment: Multiple reports said the Tata-ASML agreement strengthens India’s semiconductor push, which could boost long-term demand for ASML’s lithography systems. Tata Electronics partners with ASML for its $11Bn chip manufacturing project
• Positive Sentiment: Goldman Sachs reiterated its “Buy” rating on ASML, adding to investor confidence in the stock’s outlook. ASML’s (ASML) “Buy” Rating Reiterated at The Goldman Sachs Group
• Positive Sentiment: JPMorgan also reaffirmed its “Buy” rating, while brokerage coverage continues to point to a consensus “Moderate Buy” for ASML. ASML – JP Morgan reiterates its buy rating

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ASML. Freedom Capital raised shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research note on Wednesday, April 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research note on Wednesday. Finally, DZ Bank reaffirmed a “neutral” rating on shares of ASML in a research note on Wednesday, April 15th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and a consensus target price of $1,504.38.

ASML Stock Down 5.2%

The firm has a market capitalization of $590.63 billion, a price-to-earnings ratio of 53.87, a P/E/G ratio of 1.23 and a beta of 1.81. The business’s 50-day moving average is $1,414.78 and its two-hundred day moving average is $1,280.97. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36.

ASML (NASDAQ:ASML) last announced its earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The firm had revenue of $10.15 billion for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. On average, equities analysts anticipate that ASML Holding N.V. will post 37.09 earnings per share for the current year.

Institutional Trading of ASML

Several hedge funds have recently bought and sold shares of ASML. Arrowstreet Capital Limited Partnership raised its holdings in ASML by 195.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock worth $1,652,618,000 after buying an additional 1,022,532 shares during the period. Capital International Investors raised its holdings in ASML by 17.3% during the 3rd quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock worth $3,791,982,000 after buying an additional 577,448 shares during the period. Regents of The University of California acquired a new stake in ASML during the 3rd quarter worth approximately $413,335,000. WCM Investment Management LLC raised its holdings in ASML by 24.9% during the 3rd quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock worth $1,861,445,000 after buying an additional 385,502 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in ASML by 75.6% during the 3rd quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock worth $765,632,000 after buying an additional 340,518 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Company Profile

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.