ASML (NASDAQ:ASML) Shares Gap Down – What’s Next?

ASML Holding (NASDAQ:ASML) gapped down before the market opened on Wednesday . The stock had previously closed at $730.43, but opened at $710.97. ASML shares last traded at $693.48, with a volume of 2,288,520 shares traded.

Analysts Set New Price Targets

ASML has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on shares of ASML from $1,185.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Susquehanna lowered their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their target price on ASML from $1,202.00 to $1,207.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,071.80.

ASML Price Performance

The company has a 50 day moving average price of $843.76 and a 200-day moving average price of $921.53. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The company has a market cap of $271.38 billion, a price-to-earnings ratio of 35.37, a P/E/G ratio of 2.08 and a beta of 1.48.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The firm had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. As a group, equities research analysts predict that ASML Holding will post 20.38 EPS for the current fiscal year.

Hedge Funds Weigh In On ASML

A number of hedge funds have recently bought and sold shares of ASML. Integrated Advisors Network LLC increased its holdings in ASML by 16.7% during the fourth quarter. Integrated Advisors Network LLC now owns 753 shares of the semiconductor company’s stock worth $570,000 after buying an additional 108 shares during the last quarter. American International Group Inc. raised its holdings in shares of ASML by 3.2% in the 4th quarter. American International Group Inc. now owns 6,100 shares of the semiconductor company’s stock worth $4,617,000 after purchasing an additional 192 shares during the period. Leo Wealth LLC purchased a new position in ASML in the fourth quarter valued at approximately $215,000. NBC Securities Inc. grew its holdings in ASML by 63.1% during the first quarter. NBC Securities Inc. now owns 106 shares of the semiconductor company’s stock valued at $112,000 after purchasing an additional 41 shares during the period. Finally, GAMMA Investing LLC increased its position in ASML by 21.3% in the first quarter. GAMMA Investing LLC now owns 872 shares of the semiconductor company’s stock worth $846,000 after buying an additional 153 shares during the last quarter. 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.