ASML (NASDAQ:ASML) Stock Price Down 13.1% – Should You Sell?

ASML Holding (NASDAQ:ASML)’s stock price was down 13.1% during trading on Tuesday . The company traded as low as $742.78 and last traded at $757.60. Approximately 1,749,829 shares traded hands during trading, an increase of 40% from the average daily volume of 1,252,310 shares. The stock had previously closed at $872.27.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ASML shares. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Susquehanna dropped their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. Finally, Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,018.00.

ASML Stock Up 2.5 %

The stock has a market cap of $276.45 billion, a P/E ratio of 35.78, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. The firm has a 50 day simple moving average of $840.70 and a 200-day simple moving average of $919.87. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.87 by $0.14. The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $5.37 EPS. On average, equities research analysts forecast that ASML Holding will post 20.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ASML

A number of large investors have recently bought and sold shares of ASML. Mercer Global Advisors Inc. ADV boosted its stake in ASML by 4,379.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after buying an additional 870,010 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of ASML by 50.0% in the 1st quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after purchasing an additional 572,996 shares in the last quarter. Fayez Sarofim & Co acquired a new stake in shares of ASML in the 1st quarter valued at approximately $542,710,000. GQG Partners LLC grew its holdings in shares of ASML by 21.6% during the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after purchasing an additional 294,784 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its position in ASML by 11,084.1% during the 1st quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock worth $238,784,000 after purchasing an additional 243,850 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.