ASML (NASDAQ:ASML) Shares Gap Down – Here’s What Happened

Shares of ASML Holding (NASDAQ:ASML) gapped down before the market opened 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 changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Susquehanna decreased their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. BNP Paribas initiated coverage on ASML in a report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price for the company. JPMorgan Chase & Co. reduced their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Finally, Wells Fargo & Company raised their price target on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $955.50.

ASML Stock Down 2.9 %

The firm has a 50-day moving average price of $712.16 and a 200 day moving average price of $790.79. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The company has a market cap of $292.89 billion, a price-to-earnings ratio of 38.96, a P/E/G ratio of 2.37 and a beta of 1.47.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Fairway Wealth LLC bought a new position in ASML during the 3rd quarter worth $25,000. Resources Management Corp CT ADV bought a new position in ASML in the 2nd quarter valued at about $26,000. Milestone Investment Advisors LLC bought a new position in shares of ASML during the 3rd quarter worth approximately $28,000. Fortitude Family Office LLC lifted its position in shares of ASML by 46.9% during the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after buying an additional 15 shares in the last quarter. Finally, Albion Financial Group UT lifted its position in shares of ASML by 133.3% during the 4th quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock worth $39,000 after buying an additional 32 shares in the last quarter. 26.07% of the stock is currently owned by 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.