Boomfish Wealth Group LLC reduced its position in ASML Holding N.V. (NASDAQ:ASML – Free Report) by 11.1% in the first quarter, Holdings Channel.com reports. The firm owned 2,930 shares of the semiconductor company’s stock after selling 364 shares during the quarter. ASML makes up 2.1% of Boomfish Wealth Group LLC’s holdings, making the stock its 10th biggest holding. Boomfish Wealth Group LLC’s holdings in ASML were worth $3,870,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Family Capital Management Inc. lifted its position in ASML by 0.8% in the fourth quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock valued at $983,000 after purchasing an additional 7 shares during the last quarter. 44 Wealth Management LLC increased its position in ASML by 1.1% during the 4th quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock valued at $703,000 after purchasing an additional 7 shares during the period. Sky Investment Group LLC raised its holdings in ASML by 2.1% in the 4th quarter. Sky Investment Group LLC now owns 384 shares of the semiconductor company’s stock worth $411,000 after purchasing an additional 8 shares in the last quarter. White Lighthouse Investment Management Inc. increased its position in shares of ASML by 2.2% during the fourth 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 lifted its holdings in ASML by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 783 shares of the semiconductor company’s stock worth $838,000 after buying an additional 8 shares during the period. 26.07% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on ASML. Morningstar downgraded ASML to a “sell” rating in a report on Wednesday, May 27th. Zacks Research upgraded ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Royal Bank Of Canada boosted their target price on shares of ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Wall Street Zen lowered shares of ASML from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, UBS Group reaffirmed a “buy” rating on shares of ASML in a research note on Wednesday, May 20th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,772.62.
ASML Trading Down 2.5%
Shares of NASDAQ:ASML opened at $1,794.62 on Friday. The company has a market cap of $705.79 billion, a P/E ratio of 64.37, a PEG ratio of 1.36 and a beta of 1.82. 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 Holding N.V. has a 1 year low of $683.48 and a 1 year high of $1,959.04. The stock’s fifty day moving average price is $1,628.47 and its 200-day moving average price is $1,424.18.
ASML (NASDAQ:ASML – Get Free Report) last released its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The company had revenue of $10.15 billion during the quarter. Sell-side analysts expect that ASML Holding N.V. will post 36.69 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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