Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 0.4%. By the end of trading, ASML fell $1.24 (-2.1%) to $57.62 on light volume. Throughout the day, 812,385 shares of ASML exchanged hands as compared to its average daily volume of 2.3 million shares. The stock ranged in price between $57.48-$58.62 after having opened the day at $58.37 as compared to the previous trading day's close of $58.86. Other companies within the Technology sector that declined today were:
), down 25%,
), down 15.1%,
), down 11.8%, and
), down 11%.
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ASML Holding N.V., through its subsidiaries, engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits. ASML has a market cap of $23.51 billion and is part of the
industry. The company has a P/E ratio of 79.1, above the average electronics industry P/E ratio of 14.5 and above the S&P 500 P/E ratio of 17.7. Shares are up 40% year to date as of the close of trading on Wednesday. Currently there are eight analysts that rate ASML a buy, no analysts rate it a sell, and one rates it a hold.
TheStreet Ratings rates ASML as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full ASML Ratings Report.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider
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