ASML Holding N.V. $ASML Shares Sold by Deepwater Asset Management LLC

Deepwater Asset Management LLC cut its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 67.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,330 shares of the semiconductor company’s stock after selling 8,829 shares during the period. Deepwater Asset Management LLC’s holdings in ASML were worth $4,632,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fisher Asset Management LLC boosted its holdings in ASML by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company’s stock valued at $4,798,268,000 after purchasing an additional 132,353 shares in the last quarter. Capital International Investors boosted its holdings in ASML by 17.3% in the third quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock valued at $3,791,982,000 after purchasing an additional 577,448 shares in the last quarter. Van ECK Associates Corp boosted its holdings in ASML by 16.6% in the third quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock valued at $2,079,948,000 after purchasing an additional 305,435 shares in the last quarter. Bank of America Corp DE boosted its holdings in ASML by 8.3% in the third 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 purchasing an additional 142,763 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in ASML by 25.2% in the third quarter. Wellington Management Group LLP now owns 1,157,324 shares of the semiconductor company’s stock valued at $1,120,394,000 after purchasing an additional 232,960 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ASML has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of ASML in a report on Wednesday. Royal Bank Of Canada upped their price target on ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Zacks Research raised ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday. Citigroup reissued a “buy” rating on shares of ASML in a report on Thursday, April 16th. Finally, Wall Street Zen lowered shares of ASML from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, ASML has a consensus rating of “Moderate Buy” and a consensus target price of $1,589.63.

ASML Stock Performance

Shares of ASML stock opened at $1,641.74 on Monday. The firm’s fifty day simple moving average is $1,490.67 and its 200-day simple moving average is $1,343.49. The stock has a market capitalization of $645.66 billion, a price-to-earnings ratio of 58.89, a PEG ratio of 1.31 and a beta of 1.82. ASML Holding N.V. has a 12 month low of $683.48 and a 12 month high of $1,779.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 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 during the quarter. As a group, equities analysts forecast that ASML Holding N.V. will post 36.93 earnings per share for the current year.

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.