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 up 0.6%. By the end of trading, ASML fell $1.20 (-1.7%) to $70.84 on light volume. Throughout the day, 1.4 million shares of ASML exchanged hands as compared to its average daily volume of 1.9 million shares. The stock ranged in price between $70.75-$72.05 after having opened the day at $71.97 as compared to the previous trading day's close of $72.04. Other companies within the Electronics industry that declined today were: SolarCity ( SCTY), down 14.4%, New Energy Systems Group ( NEWN), down 8.5%, Dynasil Corporation of America ( DYSL), down 5.8%, and Plug Power ( PLUG), down 5.7%.
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ASML Holding NV engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits or chips worldwide. ASML has a market cap of $29.43 billion and is part of the technology sector. Shares are up 12.3% year to date as of the close of trading on Wednesday. Currently there are eight analysts that rate ASML a buy, one analyst rates it a sell, and four 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, increase in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

On the positive front, Pulse Electronics ( PULS), up 19.1%, Emcore Corporation ( EMKR), up 10.3%, Superconductor Technologies ( SCON), up 10.2%, and Himax Technologies ( HIMX), up 9.2%, were all gainers within the electronics industry with Mellanox Technologies ( MLNX) being today's featured electronics industry leader.

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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