ASML (NASDAQ:ASML) Shares Down 0.4% - What's Next?

ASML Holding (NASDAQ:ASML - Get Free Report)'s stock price dropped 0.4% during mid-day trading on Monday . The stock traded as low as $684.29 and last traded at $687.29. Approximately 244,951 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 1,637,099 shares. The stock had previously closed at $690.33.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ASML shares. DZ Bank raised ASML from a "hold" rating to a "buy" rating in a report on Thursday, January 30th. Susquehanna cut their price objective on ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. dropped their target price on shares of ASML from $1,148.00 to $1,100.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Finally, Wells Fargo & Company decreased their price objective on shares of ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, ASML has a consensus rating of "Moderate Buy" and an average price target of $906.00.

ASML Stock Performance

The stock's 50 day simple moving average is $679.24 and its two-hundred day simple moving average is $701.99. The company has a market capitalization of $270.25 billion, a P/E ratio of 32.90, a P/E/G ratio of 1.62 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, topping the consensus estimate of $6.12 by $0.19. The firm had revenue of $8.77 billion during the quarter, compared to analysts' expectations of $7.90 billion. ASML had a net margin of 26.78% and a return on equity of 47.73%. As a group, research analysts expect that ASML Holding will post 25.17 earnings per share for the current year.

Institutional Trading of ASML

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. raised its position in shares of ASML by 4.8% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 305 shares of the semiconductor company's stock valued at $211,000 after acquiring an additional 14 shares during the last quarter. Cyndeo Wealth Partners LLC increased its holdings in ASML by 0.4% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 3,208 shares of the semiconductor company's stock valued at $2,223,000 after purchasing an additional 14 shares during the last quarter. Trust Point Inc. lifted its stake in ASML by 2.4% in the fourth quarter. Trust Point Inc. now owns 606 shares of the semiconductor company's stock valued at $420,000 after buying an additional 14 shares during the period. Sunpointe LLC boosted its holdings in ASML by 1.3% during the fourth quarter. Sunpointe LLC now owns 1,114 shares of the semiconductor company's stock worth $772,000 after buying an additional 14 shares during the last quarter. Finally, Wealth Quarterback LLC grew its position in shares of ASML by 1.1% during the 4th quarter. Wealth Quarterback LLC now owns 1,331 shares of the semiconductor company's stock worth $923,000 after buying an additional 15 shares during the period. 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.