Nvest Financial LLC Lowers Position in ASML Holding (NASDAQ:ASML)

Nvest Financial LLC reduced its position in shares of ASML Holding (NASDAQ:ASML) by 15.2% in the 4th quarter, HoldingsChannel reports. The firm owned 632 shares of the semiconductor company’s stock after selling 113 shares during the period. Nvest Financial LLC’s holdings in ASML were worth $438,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its stake in shares of ASML by 1.0% during the 3rd quarter. Fisher Asset Management LLC now owns 3,186,222 shares of the semiconductor company’s stock worth $2,654,921,000 after buying an additional 31,879 shares in the last quarter. Edgewood Management LLC grew its holdings in ASML by 3.3% during the third quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company’s stock worth $1,855,624,000 after acquiring an additional 70,776 shares during the period. Van ECK Associates Corp raised its position in ASML by 37.0% in the third quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock worth $1,464,061,000 after acquiring an additional 474,653 shares in the last quarter. Windacre Partnership LLC lifted its holdings in ASML by 4.0% in the third quarter. Windacre Partnership LLC now owns 664,100 shares of the semiconductor company’s stock valued at $553,361,000 after acquiring an additional 25,600 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of ASML by 94,079.7% during the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock worth $4,096,410,000 after purchasing an additional 491,096 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Performance

Shares of NASDAQ:ASML opened at $683.35 on Wednesday. The firm has a market capitalization of $268.84 billion, a PE ratio of 35.78, a P/E/G ratio of 2.39 and a beta of 1.47. ASML Holding has a 12 month low of $645.45 and a 12 month high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The business has a 50-day moving average of $715.62 and a two-hundred day moving average of $778.53.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 EPS for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a net margin of 26.40% and a return on equity of 47.61%. As a group, research analysts forecast that ASML Holding will post 20.54 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on ASML. BNP Paribas assumed coverage on shares of ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 target price for the company. Susquehanna reduced their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. JPMorgan Chase & Co. cut their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Sanford C. Bernstein decreased their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. Finally, Wells Fargo & Company increased their target price on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and an average price target of $946.60.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.