ASML (NASDAQ:ASML) Stock Price Down 1.8% - What's Next?

ASML Holding (NASDAQ:ASML - Get Free Report)'s stock price dropped 1.8% on Friday . The stock traded as low as $742.21 and last traded at $744.53. Approximately 382,796 shares changed hands during trading, a decline of 77% from the average daily volume of 1,655,159 shares. The stock had previously closed at $758.36.

Analyst Ratings Changes

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

ASML Price Performance

The company has a 50-day moving average price of $682.62 and a 200-day moving average price of $703.22. The firm has a market capitalization of $294.06 billion, a P/E ratio of 35.94, a price-to-earnings-growth ratio of 1.62 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, beating analysts' consensus estimates of $6.12 by $0.19. ASML had a net margin of 26.78% and a return on equity of 47.73%. The business had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. On average, sell-side analysts predict that ASML Holding will post 25.17 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Miracle Mile Advisors LLC acquired a new position in shares of ASML in the fourth quarter valued at approximately $565,000. Pines Wealth Management LLC acquired a new stake in ASML in the 4th quarter valued at approximately $228,000. Park Avenue Securities LLC boosted its position in ASML by 7.9% during the 4th quarter. Park Avenue Securities LLC now owns 10,734 shares of the semiconductor company's stock worth $7,439,000 after acquiring an additional 788 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of ASML by 43.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,205 shares of the semiconductor company's stock worth $835,000 after acquiring an additional 367 shares in the last quarter. Finally, Armstrong Advisory Group Inc. boosted its holdings in ASML by 68.9% during the fourth quarter. Armstrong Advisory Group Inc. now owns 103 shares of the semiconductor company's stock worth $71,000 after purchasing an additional 42 shares during the last quarter. 26.07% of the stock is 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.

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