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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

ASML ( ASML) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 0.7%. By the end of trading, ASML fell $1.48 (-1.6%) to $88.20 on heavy volume. Throughout the day, 1,824,446 shares of ASML exchanged hands as compared to its average daily volume of 1,119,600 shares. The stock ranged in price between $88.17-$89.50 after having opened the day at $89.46 as compared to the previous trading day's close of $89.68. Other companies within the Technology sector that declined today were: InfoSonics Corporation ( IFON), down 8.8%, HealthStream ( HSTM), down 8.5%, ChinaNet Online Holdings ( CNET), down 8.3% and Alvarion ( ALVR), down 8.3%.

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 $39.3 billion and is part of the electronics industry. Shares are down 4.3% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate ASML a buy, 2 analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates ASML as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, increase in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, ChinaCache International Holdings ( CCIH), up 20.0%, AMSC ( AMSC), up 14.4%, Netlist ( NLST), up 11.9% and Ultra Clean Holdings ( UCTT), up 10.5% , were all gainers within the technology sector with Garmin ( GRMN) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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