ASML (NASDAQ:ASML) Stock Price Down 1.8% – Here’s What Happened

ASML Holding (NASDAQ:ASML)’s share price traded down 1.8% during trading on Monday . The stock traded as low as $717.59 and last traded at $725.34. 447,107 shares changed hands during trading, a decline of 67% from the average session volume of 1,357,436 shares. The stock had previously closed at $739.01.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Susquehanna lowered their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Wells Fargo & Company raised their target price on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research note on Monday. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Sanford C. Bernstein lowered their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and an average price target of $955.50.

ASML Stock Performance

The firm’s fifty day simple moving average is $702.22 and its 200 day simple moving average is $801.85. The company has a market capitalization of $289.67 billion, a price-to-earnings ratio of 38.55, a PEG ratio of 2.07 and a beta of 1.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84.

ASML (NASDAQ:ASML) last announced its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The company had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. On average, sell-side analysts forecast that ASML Holding will post 20.68 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Armstrong Advisory Group Inc. boosted its holdings in shares of ASML by 24.5% in the third quarter. Armstrong Advisory Group Inc. now owns 61 shares of the semiconductor company’s stock worth $51,000 after buying an additional 12 shares during the period. Matrix Private Capital Group LLC boosted its holdings in shares of ASML by 5.5% during the second quarter. Matrix Private Capital Group LLC now owns 248 shares of the semiconductor company’s stock worth $254,000 after purchasing an additional 13 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in shares of ASML by 21.2% during the third quarter. Bruce G. Allen Investments LLC now owns 80 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 14 shares during the period. Fortitude Family Office LLC boosted its holdings in shares of ASML by 46.9% during the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 15 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of ASML by 1.7% during the third quarter. Farther Finance Advisors LLC now owns 922 shares of the semiconductor company’s stock worth $768,000 after purchasing an additional 15 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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.