Elevation Point Wealth Partners LLC Sells 50 Shares of ASML Holding (NASDAQ:ASML)

Elevation Point Wealth Partners LLC lessened its stake in ASML Holding (NASDAQ:ASML) by 1.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,910 shares of the semiconductor company’s stock after selling 50 shares during the period. Elevation Point Wealth Partners LLC’s holdings in ASML were worth $2,591,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wellington Shields & Co. LLC grew its position in shares of ASML by 740.0% in the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 37 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in shares of ASML during the 4th quarter valued at about $31,000. Roxbury Financial LLC bought a new stake in shares of ASML during the 4th quarter valued at about $39,000. Tradewinds Capital Management LLC boosted its position in shares of ASML by 96.7% during the 4th quarter. Tradewinds Capital Management LLC now owns 59 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 29 shares in the last quarter. Finally, Investment Management Corp VA ADV bought a new stake in shares of ASML during the 4th quarter valued at about $46,000. Institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ASML. Barclays restated an “equal weight” rating on shares of ASML in a research report on Tuesday, June 3rd. Wells Fargo & Company cut their target price on ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Citigroup restated a “buy” rating on shares of ASML in a research report on Monday, May 19th. Finally, Susquehanna cut their target price on ASML from $1,100.00 to $965.00 and set a “positive” rating on the stock in a research report on Thursday, April 17th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and an average price target of $906.00.

ASML Stock Down 3.2%

ASML stock opened at $761.00 on Friday. The stock’s 50 day simple moving average is $710.27 and its 200 day simple moving average is $714.56. ASML Holding has a fifty-two week low of $578.51 and a fifty-two week high of $1,110.09. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53. The company has a market cap of $299.39 billion, a P/E ratio of 36.59, a price-to-earnings-growth ratio of 1.62 and a beta of 1.74.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, topping analysts’ consensus estimates of $6.12 by $0.19. ASML had a return on equity of 47.73% and a net margin of 26.78%. The business had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. On average, research analysts expect that ASML Holding will post 25.17 earnings per share for the current fiscal year.

About ASML

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.