ASML (NASDAQ:ASML) Shares Down 2.5% - Time to Sell?

ASML Holding (NASDAQ:ASML - Get Free Report) shares dropped 2.5% during mid-day trading on Friday . The stock traded as low as $762.19 and last traded at $766.64. Approximately 515,578 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 1,675,119 shares. The stock had previously closed at $786.21.

Analyst Upgrades and Downgrades

ASML has been the topic of several recent research reports. Susquehanna dropped their price objective on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research note on Thursday, April 17th. Citigroup reissued a "buy" rating on shares of ASML in a research note on Monday, May 19th. Wells Fargo & Company dropped 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. Finally, Barclays restated an "equal weight" rating on shares of ASML in a research report on Tuesday, June 3rd. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, ASML presently has an average rating of "Moderate Buy" and an average price target of $906.00.

ASML Stock Down 3.2%

The company has a market capitalization of $299.39 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 1.62 and a beta of 1.74. The firm's 50-day simple moving average is $710.27 and its 200 day simple moving average is $714.56. 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 released its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.12 by $0.19. The company had revenue of $8.77 billion for the quarter, compared to analyst estimates of $7.90 billion. ASML had a net margin of 26.78% and a return on equity of 47.73%. As a group, equities research analysts forecast that ASML Holding will post 25.17 earnings per share for the current year.

Institutional Trading of ASML

A number of institutional investors and hedge funds have recently bought and sold shares of ASML. Cim LLC grew its position in ASML by 8.9% in the first quarter. Cim LLC now owns 2,641 shares of the semiconductor company's stock valued at $1,750,000 after acquiring an additional 216 shares in the last quarter. First Hawaiian Bank grew its position in ASML by 27.1% in the first quarter. First Hawaiian Bank now owns 1,288 shares of the semiconductor company's stock valued at $853,000 after acquiring an additional 275 shares in the last quarter. Invst LLC acquired a new stake in ASML in the first quarter valued at approximately $386,000. Modern Wealth Management LLC grew its position in ASML by 19.2% in the first quarter. Modern Wealth Management LLC now owns 2,807 shares of the semiconductor company's stock valued at $1,861,000 after acquiring an additional 453 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of ASML by 12.7% during the 1st quarter. Rhumbline Advisers now owns 8,407 shares of the semiconductor company's stock valued at $5,571,000 after buying an additional 947 shares during the last quarter. Institutional investors and hedge funds 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.