Mesirow Financial Investment Management Inc. reduced its stake in ASML Holding N.V. (NASDAQ:ASML – Free Report) by 66.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 373 shares of the semiconductor company’s stock after selling 752 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in ASML were worth $400,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Fisher Asset Management LLC lifted its stake in ASML by 2.6% in the third quarter. Fisher Asset Management LLC now owns 4,352,596 shares of the semiconductor company’s stock worth $4,213,705,000 after acquiring an additional 108,342 shares during the period. 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 acquiring an additional 577,448 shares during the period. Van ECK Associates Corp boosted its stake in shares of ASML by 16.6% during the third quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock valued at $2,079,948,000 after purchasing an additional 305,435 shares in the last quarter. WCM Investment Management LLC boosted its stake in shares of ASML by 24.9% during the third quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock valued at $1,861,445,000 after purchasing an additional 385,502 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of ASML by 8.3% during the third quarter. Bank of America Corp DE now owns 1,865,254 shares of the semiconductor company’s stock valued at $1,805,733,000 after purchasing an additional 142,763 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. Grupo Santander downgraded shares of ASML to an “underperform” rating in a research note on Thursday, January 22nd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML in a research note on Friday. Susquehanna reiterated a “positive” rating on shares of ASML in a research note on Thursday, April 9th. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research note on Wednesday, April 8th. Finally, Weiss Ratings raised shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,504.38.
ASML Stock Down 5.2%
ASML stock opened at $1,501.81 on Friday. The firm has a 50 day moving average of $1,414.78 and a 200 day moving average of $1,280.97. The stock has a market capitalization of $590.63 billion, a PE ratio of 53.87, a price-to-earnings-growth ratio of 1.30 and a beta of 1.81. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. ASML Holding N.V. has a 52 week low of $683.48 and a 52 week high of $1,603.49.
ASML (NASDAQ:ASML – Get Free Report) last released its earnings results on Monday, March 30th. The semiconductor company reported $8.28 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. Sell-side analysts forecast that ASML Holding N.V. will post 37.09 earnings per share 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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