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 was unchanged today. By the end of trading, ASML fell $1.43 (-1.6%) to $85.14 on average volume. Throughout the day, 1,972,950 shares of ASML exchanged hands as compared to its average daily volume of 1,392,300 shares. The stock ranged in price between $84.73-$86.58 after having opened the day at $86.09 as compared to the previous trading day's close of $86.57. Other companies within the Technology sector that declined today were: ChinaNet Online Holdings ( CNET), down 16.9%, WPCS International ( WPCS), down 14.5%, eOn Communications Corporation ( EONC), down 13.7% and Ambient Corporation ( AMBT), down 12.0%.

ASML Holding N.V. designs, manufactures, markets, and services semiconductor processing equipment used in the fabrication of intercircuits worldwide. ASML has a market cap of $38.5 billion and is part of the electronics industry. Shares are down 7.6% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate ASML a buy, 1 analyst rates 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, solid stock price performance, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Wave Systems Corporation ( WAVX), up 38.6%, China Information Technology ( CNIT), up 18.9%, NQ Mobile ( NQ), up 14.0% and Twitter ( TWTR), up 11.4% , were all gainers within the technology sector with Qihoo 360 Technology ( QIHU) 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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