ASML (NASDAQ:ASML) Shares Gap Down – Time to Sell?

ASML Holding (NASDAQ:ASML)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $766.71, but opened at $740.01. ASML shares last traded at $741.92, with a volume of 496,027 shares traded.

Analyst Ratings Changes

Several research analysts have recently weighed in on ASML shares. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company increased their target price on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Susquehanna dropped their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. BNP Paribas started coverage on shares of ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price objective for the company. Finally, Sanford C. Bernstein reduced their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $955.50.

ASML Price Performance

The company has a market capitalization of $292.89 billion, a P/E ratio of 38.96, a P/E/G ratio of 2.37 and a beta of 1.47. The firm’s fifty day moving average is $712.16 and its 200 day moving average is $790.79. 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

Large investors have recently added to or reduced their stakes in the stock. Carnegie Investment Counsel boosted its position in ASML by 68.9% in the 4th quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock valued at $1,475,000 after buying an additional 868 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of ASML in the 4th quarter worth approximately $1,174,000. Taurus Asset Management LLC purchased a new stake in shares of ASML in the 3rd quarter worth approximately $16,994,000. State Street Corp lifted its position in shares of ASML by 5.2% in the 3rd quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock worth $117,323,000 after purchasing an additional 7,010 shares during the period. Finally, Stockman Wealth Management Inc. lifted its position in shares of ASML by 7.2% in the 3rd quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after purchasing an additional 1,032 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.