Exchange Traded Concepts LLC Trims Stake in ASML Holding (NASDAQ:ASML)

Exchange Traded Concepts LLC lowered its position in ASML Holding (NASDAQ:ASML) by 11.1% during the 1st quarter, HoldingsChannel reports. The fund owned 10,335 shares of the semiconductor company’s stock after selling 1,290 shares during the period. Exchange Traded Concepts LLC’s holdings in ASML were worth $6,848,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Shields & Co. LLC raised its stake in shares of ASML by 740.0% in the fourth quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 37 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of ASML in the fourth quarter valued at $31,000. Roxbury Financial LLC purchased a new stake in shares of ASML in the fourth quarter valued at $39,000. Tradewinds Capital Management LLC raised its stake in shares of ASML by 96.7% in the fourth quarter. Tradewinds Capital Management LLC now owns 59 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 29 shares during the period. Finally, Investment Management Corp VA ADV purchased a new position in ASML in the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ASML has been the topic of several recent analyst reports. Susquehanna reduced their price target on shares of ASML from $1,100.00 to $965.00 and set a “positive” rating on the stock in a research note on Thursday, April 17th. Barclays reaffirmed an “equal weight” rating on shares of ASML in a research note on Tuesday, June 3rd. Citigroup reaffirmed a “buy” rating on shares of ASML in a research note on Monday, May 19th. Finally, Wells Fargo & Company reduced their price target on shares of ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $906.00.

ASML Stock Down 3.2%

Shares of ASML stock opened at $761.00 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99. ASML Holding has a 1 year low of $578.51 and a 1 year high of $1,110.09. The firm’s 50-day moving average is $710.27 and its two-hundred day moving average is $715.17. The stock has a market cap of $299.39 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 1.62 and a beta of 1.74.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.12 by $0.19. ASML had a net margin of 26.78% and a return on equity of 47.73%. The company had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $7.90 billion. As a group, 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.