ASML (NASDAQ:ASML) Stock Price Down 1.9% – Here’s Why

Shares of ASML Holding N.V. (NASDAQ:ASML) dropped 1.9% during trading on Friday . The company traded as low as $1,839.00 and last traded at $1,863.55. Approximately 2,518,055 shares traded hands during trading, an increase of 36% from the average daily volume of 1,844,814 shares. The stock had previously closed at $1,899.48.

More ASML News

Here are the key news stories impacting ASML this week:

• Positive Sentiment: ASML’s moat is being viewed as wider than previously feared, with commentary arguing that a potential rival, xLight, is not an immediate threat to its EUV leadership. That supports the view that ASML can defend its pricing power and market share. Article Title
• Positive Sentiment: Goldman Sachs reaffirmed its buy rating on ASML, reinforcing bullish analyst sentiment around the stock. Article Title
• Positive Sentiment: Elon Musk’s virtual appearance at ASML’s technology conference put the company in the spotlight as his Terafab chip-manufacturing plans could rely on advanced lithography tools, highlighting ASML’s relevance to next-generation semiconductor buildouts. Article Title
• Positive Sentiment: More broadly, investors are still naming ASML as a preferred AI infrastructure play, which suggests ongoing demand optimism for its equipment amid the AI spending cycle. Article Title
• Neutral Sentiment: ASML reached a deal with unions that will result in fewer planned job cuts, reducing near-term restructuring concerns but not materially changing the company’s core outlook. Article Title
• Neutral Sentiment: Separate commentary on Canon as a possible challenger to ASML’s EUV process may have raised competition questions, but it does not yet appear to have changed the market’s dominant view of ASML’s lead. Article Title
• Negative Sentiment: The main downside risk in the news flow is continued attention on future competition in EUV and chipmaking tools, which could pressure sentiment if investors start to believe ASML’s lead is narrowing.

Wall Street Analyst Weigh In

ASML has been the topic of several recent analyst reports. Morningstar lowered ASML to a “sell” rating in a research report on Wednesday, May 27th. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a report on Thursday. Morgan Stanley reissued an “overweight” rating on shares of ASML in a research report on Wednesday, June 3rd. Freedom Capital raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Finally, DZ Bank reiterated a “neutral” rating on shares of ASML in a research report on Wednesday, April 15th. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and an average price target of $1,589.63.

ASML Price Performance

The company’s 50-day simple moving average is $1,529.75 and its 200 day simple moving average is $1,365.81. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $732.90 billion, a price-to-earnings ratio of 66.84, a P/E/G ratio of 1.38 and a beta of 1.82.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The company had revenue of $10.15 billion during the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. Equities research analysts forecast that ASML Holding N.V. will post 36.93 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of ASML by 4.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company’s stock worth $959,180,000 after purchasing an additional 38,660 shares during the last quarter. Gradient Investments LLC increased its position in ASML by 424.3% during the 4th quarter. Gradient Investments LLC now owns 14,388 shares of the semiconductor company’s stock worth $15,393,000 after buying an additional 11,644 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in ASML by 314.0% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 24,626 shares of the semiconductor company’s stock valued at $23,841,000 after purchasing an additional 18,677 shares during the period. Bingham Private Wealth LLC bought a new position in ASML during the 4th quarter worth $1,444,000. Finally, RWA Wealth Partners LLC raised its stake in ASML by 17.3% in the third quarter. RWA Wealth Partners LLC now owns 37,575 shares of the semiconductor company’s stock valued at $36,376,000 after purchasing an additional 5,543 shares in the last quarter. 26.07% of the stock is currently 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.