CIBC Asset Management Inc Reduces Stock Holdings in ASML Holding N.V. $ASML

CIBC Asset Management Inc reduced its stake in ASML Holding N.V. (NASDAQ:ASML) by 6.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 35,744 shares of the semiconductor company’s stock after selling 2,669 shares during the period. CIBC Asset Management Inc’s holdings in ASML were worth $38,361,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Binnacle Investments Inc increased its stake in ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 15 shares during the last quarter. North Star Investment Management Corp. increased its stake in ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 11 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in ASML in the fourth quarter valued at approximately $32,000. JPL Wealth Management LLC purchased a new position in ASML in the third quarter valued at approximately $34,000. Finally, Wealth Watch Advisors INC purchased a new position in ASML in the third quarter valued at approximately $34,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Price Performance

ASML stock opened at $1,726.36 on Thursday. The company has a market capitalization of $678.94 billion, a P/E ratio of 61.92, a PEG ratio of 1.40 and a beta of 1.82. ASML Holding N.V. has a twelve month low of $683.48 and a twelve month high of $1,743.27. The business has a 50 day simple moving average of $1,478.55 and a 200-day simple moving average of $1,333.83. 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) last posted its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The business had revenue of $10.15 billion during the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. As a group, equities analysts anticipate that ASML Holding N.V. will post 37.1 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Freedom Capital upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research note on Monday. JPMorgan Chase & Co. increased their price target on shares of ASML from $1,813.00 to $2,200.00 and gave the company a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a report on Thursday, April 16th. Finally, Weiss Ratings downgraded ASML from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,589.63.

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.