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Update 4:01pm: Stock closing price
Supplier to the semiconductor industry ASML Holding (NASDAQ:ASML) snapped its eighth-day win streak, with the stock having gained 9.2% over the course of eight days of advances.
The firm closed 2.15% lower to $929.2, a couple of days after it hit its highest levels at $954.32 on Friday. Overall, shares have risen about 24.4% since the start of the year.
Looking at Seeking Alpha’s Quant Rating, ASML has a Hold rating with a score of 3.35 out of 5. The company received A+ for profitability and an A for momentum, while, its growth and valuation prospects have been graded B+ and F, respectively.
Turning to the Wall Street community, 22 analysts give ASML a Strong Buy, while four are Buy on the stock. About 12 analysts have given the stock a Hold recommendation, one Sell, and one Strong Sell.
Seeking Alpha analysts generally see the stock as a Buy.
“While a near-term demand slowdown is anticipated, the company’s long-term outlook remains bright, with potential for significant revenue and margin growth,” said SA contributor, The Value Seeker.
The Dutch firm reported sales of €7.2B in Q4, that grew 12.5% Y/Y on the back of strong quarterly net bookings of €9.2B. Bookings more than tripled from third-quarter levels of €2.6B.
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