ASML (NASDAQ:ASML) Shares Gap Down - Should You Sell?

ASML Holding (NASDAQ:ASML - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $766.71, but opened at $740.01. ASML shares last traded at $741.92, with a volume of 496,027 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an "overweight" rating for the company in a report on Thursday, October 17th. Wells Fargo & Company lifted their price target on ASML from $790.00 to $860.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Sanford C. Bernstein decreased their price objective on ASML from $815.00 to $767.00 and set an "outperform" rating on the stock in a research note on Friday, November 29th. BNP Paribas began coverage on ASML in a report on Tuesday, December 3rd. They set an "outperform" rating and a $858.00 target price for the company. Finally, Susquehanna lowered their price target on shares of ASML from $1,300.00 to $1,100.00 and set a "positive" rating on the stock in a report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, ASML currently has an average rating of "Moderate Buy" and a consensus price target of $955.50.

ASML Stock Performance

The company has a market capitalization of $293.59 billion, a P/E ratio of 39.07, a PEG ratio of 2.37 and a beta of 1.47. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The company's 50-day moving average is $712.16 and its two-hundred day moving average is $790.79.

Institutional Trading of ASML

Several institutional investors and hedge funds have recently made changes to their positions in ASML. Fairway Wealth LLC purchased a new stake in ASML during the third quarter valued at about $25,000. Resources Management Corp CT ADV purchased a new position in shares of ASML during the 2nd quarter valued at about $26,000. Kennebec Savings Bank lifted its position in ASML by 227.3% in the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company's stock worth $26,000 after buying an additional 25 shares during the last quarter. Milestone Investment Advisors LLC purchased a new stake in ASML in the third quarter worth approximately $28,000. Finally, Fortitude Family Office LLC grew its position in ASML by 46.9% during the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

About ASML

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.