Clearbridge Investments LLC reduced its position in ASML Holding N.V. (NASDAQ:ASML – Free Report) by 0.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,157,608 shares of the semiconductor company’s stock after selling 2,558 shares during the period. ASML accounts for approximately 1.0% of Clearbridge Investments LLC’s investment portfolio, making the stock its 14th largest holding. Clearbridge Investments LLC’s holdings in ASML were worth $1,238,478,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Family Capital Management Inc. increased its stake in shares of ASML by 0.8% in the 4th quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock valued at $983,000 after buying an additional 7 shares during the period. 44 Wealth Management LLC increased its stake in shares of ASML by 1.1% in the 4th quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock valued at $703,000 after buying an additional 7 shares during the period. Sky Investment Group LLC increased its stake in shares of ASML by 2.1% in the 4th quarter. Sky Investment Group LLC now owns 384 shares of the semiconductor company’s stock valued at $411,000 after buying an additional 8 shares during the period. White Lighthouse Investment Management Inc. increased its stake in shares of ASML by 2.2% in the 4th quarter. White Lighthouse Investment Management Inc. now owns 365 shares of the semiconductor company’s stock valued at $390,000 after buying an additional 8 shares during the period. Finally, Main Management ETF Advisors LLC increased its stake in shares of ASML by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 783 shares of the semiconductor company’s stock valued at $838,000 after buying an additional 8 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.
ASML Stock Down 6.6%
NASDAQ:ASML opened at $1,641.74 on Friday. ASML Holding N.V. has a 12-month low of $683.48 and a 12-month high of $1,779.29. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $645.66 billion, a P/E ratio of 58.89, a P/E/G ratio of 1.35 and a beta of 1.82. The stock’s fifty day simple moving average is $1,490.67 and its 200-day simple moving average is $1,341.23.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. Zacks Research raised ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Morningstar cut ASML to a “sell” rating in a research note on Wednesday, May 27th. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research note on Monday, June 1st. Citigroup reissued a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Finally, Royal Bank Of Canada lifted their target price on ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,589.63.
Get Our Latest Research Report on ASML
About ASML
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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