HighPoint Advisor Group LLC cut its holdings in ASML Holding N.V. (NASDAQ:ASML – Free Report) by 27.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,364 shares of the semiconductor company’s stock after selling 1,276 shares during the period. HighPoint Advisor Group LLC’s holdings in ASML were worth $3,599,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in ASML. Capital International Investors lifted its stake in ASML by 17.3% in the third quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock worth $3,791,982,000 after purchasing an additional 577,448 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in ASML in the third quarter worth $505,510,000. Regents of The University of California bought a new stake in ASML in the third quarter worth $413,335,000. WCM Investment Management LLC lifted its stake in ASML by 24.9% in the third quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock worth $1,861,445,000 after purchasing an additional 385,502 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in ASML by 75.6% in the third quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock worth $765,632,000 after purchasing an additional 340,518 shares during the last quarter. 26.07% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have recently commented on ASML. UBS Group reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, April 23rd. Grupo Santander downgraded shares of ASML to an “underperform” rating in a research note on Thursday, January 22nd. Wells Fargo & Company reaffirmed an “overweight” rating and set a $1,750.00 price objective on shares of ASML in a research note on Thursday, April 16th. Morgan Stanley reaffirmed an “overweight” rating on shares of ASML in a research note on Friday, January 16th. Finally, Barclays reaffirmed a “buy” rating on shares of ASML in a research note on Wednesday, April 15th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,504.38.
ASML Price Performance
ASML stock opened at $1,565.81 on Tuesday. ASML Holding N.V. has a 1 year low of $683.48 and a 1 year high of $1,595.31. The company has a market cap of $615.80 billion, a P/E ratio of 56.16, a PEG ratio of 1.31 and a beta of 1.81. The firm has a 50-day moving average of $1,403.69 and a 200 day moving average of $1,268.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78.
ASML (NASDAQ:ASML – Get Free Report) last released its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. The company had revenue of $10.15 billion during the quarter. On average, sell-side analysts forecast that ASML Holding N.V. will post 37.08 EPS for the current year.
ASML Profile
ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.
ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.
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