Corient Private Wealth LLC Trims Stock Position in ASML Holding N.V. $ASML

Corient Private Wealth LLC cut its stake in ASML Holding N.V. (NASDAQ:ASML) by 1.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 226,105 shares of the semiconductor company’s stock after selling 3,979 shares during the quarter. Corient Private Wealth LLC’s holdings in ASML were worth $241,956,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ASML. Cornerstone Financial Management LLC purchased a new position in shares of ASML during the fourth quarter valued at about $26,000. Binnacle Investments Inc lifted its holdings in ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after buying an additional 15 shares during the period. Resources Management Corp CT ADV boosted its position in ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 23 shares in the last quarter. North Star Investment Management Corp. grew its holdings in shares of ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 11 shares during the period. Finally, Jessup Wealth Management Inc purchased a new position in shares of ASML during the 4th quarter worth approximately $30,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Performance

NASDAQ:ASML opened at $1,929.68 on Friday. The stock has a market cap of $758.90 billion, a price-to-earnings ratio of 69.21, a PEG ratio of 1.55 and a beta of 1.82. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average price is $1,594.98 and its 200-day moving average price is $1,399.33. ASML Holding N.V. has a 52 week low of $683.48 and a 52 week high of $1,942.87.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The company had revenue of $10.15 billion during the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. On average, equities research analysts forecast that ASML Holding N.V. will post 36.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Royal Bank Of Canada raised their target price on ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Citigroup reiterated a “buy” rating on shares of ASML in a report on Thursday, April 16th. Freedom Capital raised ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. The Goldman Sachs Group restated a “buy” rating on shares of ASML in a report on Thursday, June 11th. Finally, UBS Group reaffirmed a “buy” rating on shares of ASML in a research report on Wednesday, May 20th. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and an average price target of $1,589.62.

More ASML News

Here are the key news stories impacting ASML this week:

• Negative Sentiment: U.S. officials reportedly questioned whether an ASML EUV machine may have made its way to China, raising the risk of tighter export scrutiny and possible regulatory fallout. US tells ASML it’s concerned one of its chipmaking tools may be in China, Bloomberg News reports
• Negative Sentiment: ASML is facing fresh China export scrutiny after reports that the Trump administration is probing whether an advanced chipmaking tool was diverted to China, keeping geopolitical risk front and center for investors. ASML Faces Fresh China Export Scrutiny
• Neutral Sentiment: ASML has denied the allegations, saying its EUV systems are not in China; while that may limit immediate damage, the dispute still leaves uncertainty around U.S.-China export controls. US tells ASML it is concerned China may have top chip tool, Bloomberg News reports
• Neutral Sentiment: Longer-term optimism remains in place, with analysts still pointing to strong earnings growth and demand trends, and Barclays recently raising its price target on ASML. Here’s Why ASML Holding N.V. (ASML) Is Among the Stocks with Best Earnings Growth for the Next 3 Years

About ASML

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.