ASML (NASDAQ:ASML) Trading Down 1.8% - Here's Why

ASML Holding (NASDAQ:ASML - Get Free Report) shares dropped 1.8% during trading on Monday . The stock traded as low as $717.59 and last traded at $725.34. Approximately 447,107 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 1,357,436 shares. The stock had previously closed at $739.01.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ASML shares. Susquehanna cut 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 report on Friday, October 11th. JPMorgan Chase & Co. decreased their price objective on ASML from $1,207.00 to $1,148.00 and set an "overweight" rating for the company in a research report on Thursday, October 17th. Berenberg Bank upgraded ASML to a "strong-buy" rating in a report on Wednesday, October 2nd. BNP Paribas began coverage on shares of ASML in a report on Tuesday, December 3rd. They set an "outperform" rating and a $858.00 price target for the company. Finally, Sanford C. Bernstein lowered their price objective on shares of ASML from $815.00 to $767.00 and set an "outperform" rating on the stock in a research report on Friday, November 29th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $955.50.

ASML Price Performance

The company's 50-day simple moving average is $702.22 and its 200 day simple moving average is $801.85. The company has a market capitalization of $285.74 billion, a P/E ratio of 38.03, a P/E/G ratio of 2.07 and a beta of 1.47. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The company had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. As a group, sell-side analysts expect that ASML Holding will post 20.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ASML

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fairway Wealth LLC acquired a new position in ASML in the 3rd quarter valued at $25,000. Resources Management Corp CT ADV bought a new stake in ASML during the second quarter valued at about $26,000. Milestone Investment Advisors LLC acquired a new stake in shares of ASML in the third quarter valued at about $28,000. Fortitude Family Office LLC increased its stake in shares of ASML by 46.9% in 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, Brooklyn Investment Group acquired a new position in shares of ASML during the 3rd quarter worth about $43,000. Institutional investors and hedge funds 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.