ASML (NASDAQ:ASML) Stock Price Down 3.4% - Here's Why

Shares of ASML Holding (NASDAQ:ASML - Get Free Report) fell 3.4% on Thursday . The stock traded as low as $736.00 and last traded at $740.83. 718,949 shares traded hands during trading, a decline of 53% from the average session volume of 1,524,951 shares. The stock had previously closed at $766.71.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ASML shares. BNP Paribas assumed coverage on shares of ASML in a research note on Tuesday, December 3rd. They issued an "outperform" rating and a $858.00 price target on the stock. Wells Fargo & Company increased their price objective on ASML from $790.00 to $860.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Berenberg Bank upgraded shares of ASML to a "strong-buy" rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. cut their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an "overweight" rating for the company in a report on Thursday, October 17th. Finally, Sanford C. Bernstein lowered their target price on ASML from $815.00 to $767.00 and set an "outperform" rating on the stock in a report on Friday, November 29th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $955.50.

ASML Stock Down 1.9 %

The stock has a market capitalization of $288.08 billion, a price-to-earnings ratio of 38.34, a P/E/G ratio of 2.39 and a beta of 1.47. The business has a 50-day moving average of $714.70 and a 200-day moving average of $788.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55.

Institutional Investors Weigh In On ASML

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. RBA Wealth Management LLC increased its stake in ASML by 3.3% during the fourth quarter. RBA Wealth Management LLC now owns 7,184 shares of the semiconductor company's stock worth $4,979,000 after purchasing an additional 231 shares during the period. Trust Point Inc. increased its stake in ASML by 2.4% during the 4th quarter. Trust Point Inc. now owns 606 shares of the semiconductor company's stock worth $420,000 after buying an additional 14 shares during the period. Alliance Wealth Advisors LLC UT boosted its position in ASML by 145.7% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 1,322 shares of the semiconductor company's stock valued at $916,000 after buying an additional 784 shares during the period. Fourpath Capital Management LLC grew its stake in shares of ASML by 56.3% in the fourth quarter. Fourpath Capital Management LLC now owns 2,761 shares of the semiconductor company's stock worth $1,914,000 after acquiring an additional 995 shares in the last quarter. Finally, Optas LLC increased its position in shares of ASML by 22.1% during the fourth quarter. Optas LLC now owns 818 shares of the semiconductor company's stock worth $567,000 after acquiring an additional 148 shares during the period. 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.