ASML (NASDAQ:ASML) Stock Price Down 1.1% – What’s Next?

ASML Holding N.V. (NASDAQ:ASML)’s stock price fell 1.1% during trading on Wednesday . The company traded as low as $1,730.29 and last traded at $1,758.3950. 1,922,323 shares changed hands during trading, an increase of 3% from the average daily volume of 1,863,949 shares. The stock had previously closed at $1,778.46.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ASML shares. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research note on Thursday, June 11th. DZ Bank restated a “neutral” rating on shares of ASML in a research report on Wednesday, April 15th. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research note on Friday, May 8th. Zacks Research upgraded ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of ASML in a report on Monday, June 15th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,772.62.

ASML Trading Down 2.2%

The company has a market capitalization of $708.43 billion, a price-to-earnings ratio of 64.47, a P/E/G ratio of 1.34 and a beta of 1.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. The business’s 50-day simple moving average is $1,622.22 and its 200-day simple moving average is $1,421.57.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The company had revenue of $10.15 billion for the quarter. On average, research analysts expect that ASML Holding N.V. will post 36.69 earnings per share for the current fiscal year.

Institutional Trading of ASML

A number of institutional investors have recently modified their holdings of ASML. Sapient Capital LLC increased its holdings in ASML by 66.1% during the first quarter. Sapient Capital LLC now owns 543 shares of the semiconductor company’s stock worth $717,000 after buying an additional 216 shares during the last quarter. Western Wealth Management LLC lifted its stake in ASML by 53.7% in the 1st quarter. Western Wealth Management LLC now owns 916 shares of the semiconductor company’s stock valued at $1,209,000 after purchasing an additional 320 shares during the last quarter. Militia Capital Management LLC bought a new position in ASML during the first quarter worth about $756,000. Pine Valley Investments Ltd Liability Co acquired a new position in ASML during the first quarter worth approximately $219,000. Finally, Parallel Advisors LLC raised its stake in ASML by 19.7% in the first quarter. Parallel Advisors LLC now owns 3,480 shares of the semiconductor company’s stock valued at $4,597,000 after buying an additional 573 shares during the period. 26.07% of the stock is currently owned by institutional investors.

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.