ASML (NASDAQ:ASML) Shares Down 4.3% – Here’s What Happened

ASML Holding N.V. (NASDAQ:ASML)’s stock price dropped 4.3% during mid-day trading on Tuesday . The company traded as low as $1,717.31 and last traded at $1,747.28. 1,831,609 shares were traded during mid-day trading, a decline of 3% from the average session volume of 1,891,569 shares. The stock had previously closed at $1,825.07.

Key ASML News

Here are the key news stories impacting ASML this week:

• Positive Sentiment: Bernstein raised its price target on ASML to $2,623 from $1,971 and kept an Outperform rating, signaling stronger confidence in the company’s long-term outlook and reinforcing bullish sentiment around the stock. Bernstein Raises its Price Target on ASML Holding (ASML)
• Positive Sentiment: Jefferies also lifted its price target on ASML and reiterated a Buy rating, citing a strong semiconductor outlook and continued AI-related demand for advanced chipmaking tools. ASML Holding N.V. (ASML) Price Target Raised by Jefferies on Strong Semiconductor Outlook
• Positive Sentiment: Some coverage highlighted that intense demand for advanced chips could help ASML deliver better-than-expected quarterly results and guidance, which is supporting optimism ahead of earnings. Should You Buy ASML Holding Stock Before July 15?
• Neutral Sentiment: ASML has remained in focus as investors weigh analyst sentiment, AI chip demand, and upcoming earnings, with recent trading showing both short-term pullbacks and renewed momentum. ASML Holding (ENXTAM:ASML) Swings On Analyst Sentiment, Is It 17% Overvalued?
• Negative Sentiment: ASML was also pressured by a broader chip-sector selloff tied to market liquidity and margin concerns, which briefly weighed on the shares despite no change in the company’s fundamentals. The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity (ASML)

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. UBS Group reiterated a “buy” rating on shares of ASML in a research report on Wednesday, July 1st. Zacks Research cut shares of ASML from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Citigroup reiterated a “buy” rating on shares of ASML in a report on Thursday, April 16th. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research note on Monday, June 1st. Finally, Morningstar lowered shares of ASML to a “sell” rating in a report on Wednesday, May 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,854.12.

ASML Price Performance

The business’s fifty day simple moving average is $1,689.22 and its 200 day simple moving average is $1,468.20. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The firm has a market capitalization of $712.33 billion, a price-to-earnings ratio of 64.97, a PEG ratio of 1.33 and a beta of 1.78.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. The business had revenue of $10.15 billion during the quarter. On average, research analysts forecast that ASML Holding N.V. will post 36.62 EPS for the current year.

Hedge Funds Weigh In On ASML

Several hedge funds have recently made changes to their positions in the stock. Fisher Asset Management LLC increased its stake in ASML by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company’s stock worth $4,798,268,000 after acquiring an additional 132,353 shares during the last quarter. Bank of America Corp DE boosted its stake in ASML by 8.3% in the third quarter. Bank of America Corp DE now owns 1,865,254 shares of the semiconductor company’s stock worth $1,805,733,000 after buying an additional 142,763 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of ASML by 6.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock valued at $2,168,227,000 after purchasing an additional 96,860 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in ASML by 14.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,526,411 shares of the semiconductor company’s stock worth $1,633,046,000 after purchasing an additional 193,068 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of ASML by 25.2% in the third quarter. Wellington Management Group LLP now owns 1,157,324 shares of the semiconductor company’s stock worth $1,120,394,000 after buying an additional 232,960 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

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.