ASML Holding NV (ASML): Today's Featured Electronics Laggard

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.

ASML ( ASML) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 1.8%. By the end of trading, ASML fell $1.92 (-2.7%) to $69.73 on light volume. Throughout the day, 1.5 million shares of ASML exchanged hands as compared to its average daily volume of two million shares. The stock ranged in price between $69.67-$72.96 after having opened the day at $72.75 as compared to the previous trading day's close of $71.65. Other companies within the Electronics industry that declined today were: Superconductor Technologies ( SCON), down 10.4%, Orion Energy Systems ( OESX), down 9%, JA Solar Holdings Co. ADR ( JASO), down 8.8%, and Parkervision ( PRKR), down 8.8%.
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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 $28.75 billion and is part of the technology sector. Shares are up 9.7% year to date as of the close of trading on Friday. Currently there are eight analysts that rate ASML a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates ASML as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

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