Martin Investment Management LLC Has $893,000 Position in ASML Holding N.V. $ASML

Martin Investment Management LLC lowered its stake in ASML Holding N.V. (NASDAQ:ASML) by 29.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 835 shares of the semiconductor company’s stock after selling 356 shares during the quarter. Martin Investment Management LLC’s holdings in ASML were worth $893,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Fisher Asset Management LLC grew its position in shares of ASML by 3.0% during the 4th quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company’s stock worth $4,798,268,000 after buying an additional 132,353 shares during the period. Capital International Investors lifted its stake in ASML by 17.3% during the 3rd quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock valued at $3,791,982,000 after acquiring an additional 577,448 shares in the last quarter. Van ECK Associates Corp lifted its stake in ASML by 16.6% during the 3rd quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock valued at $2,079,948,000 after acquiring an additional 305,435 shares in the last quarter. WCM Investment Management LLC lifted its stake in ASML by 24.9% during the 3rd quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock valued at $1,861,445,000 after acquiring an additional 385,502 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in ASML by 8.3% during the 3rd quarter. Bank of America Corp DE now owns 1,865,254 shares of the semiconductor company’s stock valued at $1,805,733,000 after acquiring an additional 142,763 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Trading Up 1.0%

Shares of ASML stock opened at $1,628.57 on Tuesday. ASML Holding N.V. has a 52-week low of $683.48 and a 52-week high of $1,654.20. The stock’s 50-day simple moving average is $1,463.66 and its 200 day simple moving average is $1,324.15. The stock has a market capitalization of $640.48 billion, a P/E ratio of 58.41, a P/E/G ratio of 1.32 and a beta of 1.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The business had revenue of $10.15 billion for the quarter. As a group, research analysts anticipate that ASML Holding N.V. will post 37.1 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on ASML. UBS Group restated a “buy” rating on shares of ASML in a research note on Wednesday, May 20th. Morningstar cut ASML to a “sell” rating in a research note on Wednesday, May 27th. Berenberg Bank restated a “buy” rating on shares of ASML in a research note on Friday, May 8th. Susquehanna restated a “positive” rating on shares of ASML in a research note on Thursday, April 9th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research note on Wednesday, May 13th. Three equities 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,504.38.

ASML 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.