ASML (NASDAQ:ASML) Trading Down 2.3% – Time to Sell?

Shares of ASML Holding (NASDAQ:ASML) were down 2.3% during mid-day trading on Tuesday . The company traded as low as $666.60 and last traded at $674.29. Approximately 1,070,567 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 1,753,306 shares. The stock had previously closed at $690.15.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ASML shares. Wells Fargo & Company increased their price target on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Susquehanna lowered their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. BNP Paribas assumed coverage on shares of ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective for the company. Sanford C. Bernstein decreased their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. Finally, Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and an average price target of $946.60.

ASML Stock Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The company has a market capitalization of $268.84 billion, a price-to-earnings ratio of 35.78, a P/E/G ratio of 2.39 and a beta of 1.47. The firm has a 50-day simple moving average of $715.19 and a two-hundred day simple moving average of $781.36.

Institutional Investors Weigh In On ASML

Large investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans boosted its holdings in ASML by 176.5% in the second quarter. Thrivent Financial for Lutherans now owns 2,306 shares of the semiconductor company’s stock valued at $2,358,000 after purchasing an additional 1,472 shares during the period. AQR Capital Management LLC boosted its stake in shares of ASML by 41.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,974 shares of the semiconductor company’s stock valued at $2,019,000 after buying an additional 575 shares during the period. Creative Planning grew its position in shares of ASML by 11.4% during the second quarter. Creative Planning now owns 26,197 shares of the semiconductor company’s stock worth $26,793,000 after buying an additional 2,672 shares in the last quarter. Magnolia Capital Advisors LLC purchased a new stake in shares of ASML during the second quarter worth approximately $210,000. Finally, Silver Lake Advisory LLC acquired a new stake in ASML in the second quarter valued at approximately $361,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

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.