Capital International Inc. CA lowered its stake in shares of ASML Holding N.V. (NASDAQ:ASML – Free Report) by 10.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 141,530 shares of the semiconductor company’s stock after selling 16,695 shares during the quarter. ASML accounts for approximately 1.2% of Capital International Inc. CA’s portfolio, making the stock its 17th biggest position. Capital International Inc. CA’s holdings in ASML were worth $151,417,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Fisher Asset Management LLC boosted its holdings in ASML by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company’s stock worth $4,798,268,000 after purchasing an additional 132,353 shares during the period. Capital International Investors boosted its holdings 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 period. Van ECK Associates Corp boosted its holdings in ASML by 16.6% in the third quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock worth $2,079,948,000 after purchasing an additional 305,435 shares during the period. Bank of America Corp DE boosted its holdings in ASML by 8.3% in the third quarter. Bank of America Corp DE now owns 1,865,254 shares of the semiconductor company’s stock worth $1,805,733,000 after purchasing an additional 142,763 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in ASML by 25.2% in the third quarter. Wellington Management Group LLP now owns 1,157,324 shares of the semiconductor company’s stock worth $1,120,394,000 after purchasing an additional 232,960 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.
Analysts Set New Price Targets
ASML has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research note on Thursday, April 16th. DZ Bank reiterated a “neutral” rating on shares of ASML in a research note on Wednesday, April 15th. Wells Fargo & Company reiterated an “overweight” rating and issued a $1,750.00 target price on shares of ASML in a research note on Thursday, April 16th. Barclays reiterated an “overweight” rating on shares of ASML in a research note on Thursday. Finally, Morgan Stanley reiterated an “overweight” rating on shares of ASML in a research note on Wednesday. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,589.63.
ASML Trading Down 6.6%
Shares of ASML opened at $1,641.74 on Friday. The business’s 50-day moving average price is $1,490.67 and its 200 day moving average price is $1,341.23. The stock 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. ASML Holding N.V. has a 1-year low of $683.48 and a 1-year high of $1,779.29. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13.
ASML (NASDAQ:ASML – Get Free Report) last released its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The company had revenue of $10.15 billion for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. Analysts expect that ASML Holding N.V. will post 36.93 earnings per share for the current 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.
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