ASML (NASDAQ:ASML) Trading Down 1.4% – Should You Sell?

ASML Holding (NASDAQ:ASML)’s stock price traded down 1.4% during trading on Friday . The stock traded as low as $736.00 and last traded at $735.86. 475,678 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 1,527,038 shares. The stock had previously closed at $746.24.

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of recent research reports. Susquehanna dropped their price objective 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 increased their target price on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Sanford C. Bernstein cut their price target on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. BNP Paribas assumed coverage on ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective for the company. Finally, Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and a consensus price target of $946.60.

ASML Stock Down 1.9 %

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

Hedge Funds Weigh In On ASML

Several hedge funds and other institutional investors have recently modified their holdings of ASML. RBA Wealth Management LLC grew its position in ASML by 3.3% during the 4th 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 last quarter. Trust Point Inc. grew its holdings in shares of ASML by 2.4% during the fourth quarter. Trust Point Inc. now owns 606 shares of the semiconductor company’s stock valued at $420,000 after buying an additional 14 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its position in shares of 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 acquiring an additional 784 shares during the period. Fourpath Capital Management LLC raised its stake in ASML by 56.3% in the 4th 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 during the last quarter. Finally, Optas LLC lifted its position in ASML by 22.1% during the 4th 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.

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.