WCM Investment Management LLC Reduces Holdings in ASML Holding N.V. $ASML

WCM Investment Management LLC decreased its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 0.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,548,246 shares of the semiconductor company’s stock after selling 12,175 shares during the period. ASML makes up approximately 2.8% of WCM Investment Management LLC’s investment portfolio, making the stock its 13th largest holding. WCM Investment Management LLC’s holdings in ASML were worth $1,232,327,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Putney Financial Group LLC grew its stake in shares of ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 29 shares during the last quarter. Maseco LLP purchased a new stake in shares of ASML during the second quarter worth about $32,000. Banque Cantonale Vaudoise purchased a new stake in shares of ASML during the first quarter worth about $27,000. Costello Asset Management INC grew its stake in shares of ASML by 147.1% during the second quarter. Costello Asset Management INC now owns 42 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 25 shares during the last quarter. Finally, PARK CIRCLE Co grew its stake in shares of ASML by 80.0% during the second quarter. PARK CIRCLE Co now owns 45 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Trading Up 2.7%

ASML stock opened at $1,009.81 on Thursday. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.21. ASML Holding N.V. has a 12 month low of $578.51 and a 12 month high of $1,059.00. The stock’s 50 day simple moving average is $852.01 and its two-hundred day simple moving average is $768.34. The firm has a market cap of $397.14 billion, a PE ratio of 42.15, a P/E/G ratio of 1.66 and a beta of 1.87.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, July 16th. The semiconductor company reported $4.55 EPS for the quarter, missing the consensus estimate of $5.94 by ($1.39). ASML had a return on equity of 49.47% and a net margin of 26.95%.The company had revenue of $8.94 billion during the quarter, compared to analysts’ expectations of $8.72 billion. During the same quarter in the prior year, the company posted $4.01 EPS. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. Analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ASML. Barclays restated an “overweight” rating on shares of ASML in a research note on Tuesday, September 30th. New Street Research reiterated a “neutral” rating on shares of ASML in a research report on Monday, October 6th. Hsbc Global Res upgraded ASML to a “strong-buy” rating in a research report on Monday, October 6th. Wells Fargo & Company upped their target price on ASML from $840.00 to $890.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Finally, Bank Degroof lowered ASML to a “hold” rating in a research report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and an average target price of $1,001.60.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.