ASML (NASDAQ:ASML) Shares Down 1.3% - What's Next?

ASML Holding (NASDAQ:ASML - Get Free Report)'s share price traded down 1.3% during trading on Wednesday . The stock traded as low as $746.27 and last traded at $746.84. 347,834 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 1,663,188 shares. The stock had previously closed at $756.79.

Analysts Set New Price Targets

Several research firms recently weighed in on ASML. DZ Bank upgraded ASML from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Citigroup reiterated a "buy" rating on shares of ASML in a report on Monday, May 19th. JPMorgan Chase & Co. lowered 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 report on Thursday, January 30th. Wells Fargo & Company cut their price objective on ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Susquehanna dropped their target price on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $906.00.

ASML Stock Up 0.1%

The firm's 50 day moving average price is $687.87 and its two-hundred day moving average price is $707.82. The firm has a market capitalization of $293.91 billion, a PE ratio of 35.92, a P/E/G ratio of 1.62 and a beta of 1.75. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20.

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

Institutional Investors Weigh In On ASML

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers increased its holdings in ASML by 12.7% in the first 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. Anderson Financial Strategies LLC bought a new stake in shares of ASML in the 1st quarter valued at approximately $265,000. Strs Ohio acquired a new stake in shares of ASML during the 1st quarter valued at approximately $13,584,000. Jacobi Capital Management LLC raised its position in shares of ASML by 10.5% during the 1st quarter. Jacobi Capital Management LLC now owns 1,890 shares of the semiconductor company's stock valued at $1,253,000 after acquiring an additional 179 shares in the last quarter. Finally, Advisors Capital Management LLC lifted its stake in ASML by 19.5% during the first quarter. Advisors Capital Management LLC now owns 841 shares of the semiconductor company's stock worth $558,000 after purchasing an additional 137 shares during the last quarter. Institutional investors own 26.07% of the company's stock.

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.