Analysts are Cutting Price Targets of These 5 Tech Stocks After Earnings

3. ASML Holding N.V. (NASDAQ:ASML)

Number of Hedge Fund Holders: 46

JPMorgan recently cut its price target for ASML Holding N.V. (NASDAQ:ASML) from $925 per share to $794 per share following its second-quarter results. While the semiconductor company surpassed financial expectations for the quarter, its results were overshadowed by the revised sales outlook for the full year.

ASML Holding N.V. (NASDAQ:ASML) reported earnings of 3.54 euros per share on revenue of 5.4 billion euros, while analysts were looking for earnings of 3.48 euros per share on sales of 5.3 billion euros.

On the downside, ASML Holding N.V. (NASDAQ:ASML) lowered its full-year sales growth outlook to 10 percent, from its previous projection of 20 percent growth.