IPG Investment Advisors LLC cut its holdings in ASML Holding N.V. (NASDAQ:ASML – Free Report) by 13.1% in the fourth quarter, Holdings Channel reports. The fund owned 4,262 shares of the semiconductor company’s stock after selling 643 shares during the quarter. IPG Investment Advisors LLC’s holdings in ASML were worth $4,560,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Family Capital Management Inc. lifted its stake in ASML by 0.8% in the fourth quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock worth $983,000 after acquiring an additional 7 shares during the period. 44 Wealth Management LLC lifted its stake in ASML by 1.1% in the fourth quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock worth $703,000 after acquiring an additional 7 shares during the period. Sky Investment Group LLC lifted its stake in ASML by 2.1% in the fourth quarter. Sky Investment Group LLC now owns 384 shares of the semiconductor company’s stock worth $411,000 after acquiring an additional 8 shares during the period. White Lighthouse Investment Management Inc. lifted its stake in ASML by 2.2% in the fourth quarter. White Lighthouse Investment Management Inc. now owns 365 shares of the semiconductor company’s stock worth $390,000 after acquiring an additional 8 shares during the period. Finally, BOS Asset Management LLC lifted its stake in ASML by 2.4% in the fourth quarter. BOS Asset Management LLC now owns 377 shares of the semiconductor company’s stock worth $403,000 after acquiring an additional 9 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research note on Wednesday, May 13th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $1,750.00 price objective on shares of ASML in a research note on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research report on Wednesday, April 8th. Finally, Berenberg Bank reissued a “buy” rating on shares of ASML in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and a consensus price target of $1,504.38.
ASML Stock Performance
ASML stock opened at $1,597.87 on Thursday. The firm has a market cap of $628.41 billion, a price-to-earnings ratio of 57.31, a PEG ratio of 1.34 and a beta of 1.81. The firm has a 50-day simple moving average of $1,448.93 and a two-hundred day simple moving average of $1,311.69. ASML Holding N.V. has a one year low of $683.48 and a one year high of $1,653.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36.
ASML (NASDAQ:ASML – Get Free Report) last released its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The business had revenue of $10.15 billion during the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. On average, equities analysts forecast that ASML Holding N.V. will post 37.1 EPS for the current fiscal year.
ASML Company 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.
Further Reading
- Five stocks we like better than ASML
- Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
- TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
- Keysight: The AI and Defense Stock Seeing Big Price Target Boosts
Want to see what other hedge funds are holding ASML? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ASML Holding N.V. (NASDAQ:ASML – Free Report).
Receive News & Ratings for ASML Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASML and related companies with MarketBeat.com's FREE daily email newsletter.
