ASML Holding N.V. $ASML Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc lowered its stake in ASML Holding N.V. (NASDAQ:ASML) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,744 shares of the semiconductor company’s stock after selling 2,669 shares during the quarter. CIBC Asset Management Inc’s holdings in ASML were worth $38,361,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ASML. Fisher Asset Management LLC increased its stake in ASML by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company’s stock worth $4,798,268,000 after purchasing an additional 132,353 shares during the period. Capital International Investors increased its stake in ASML by 17.3% during the third quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock worth $3,791,982,000 after purchasing an additional 577,448 shares during the period. Van ECK Associates Corp increased its stake in ASML by 16.6% during the third quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock worth $2,079,948,000 after purchasing an additional 305,435 shares during the period. Bank of America Corp DE increased its stake in ASML by 8.3% during the third quarter. Bank of America Corp DE now owns 1,865,254 shares of the semiconductor company’s stock worth $1,805,733,000 after purchasing an additional 142,763 shares during the period. Finally, Wellington Management Group LLP increased its stake in ASML by 25.2% during the third quarter. Wellington Management Group LLP now owns 1,157,324 shares of the semiconductor company’s stock worth $1,120,394,000 after purchasing an additional 232,960 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Up 1.2%

ASML stock opened at $1,726.36 on Thursday. The company’s 50 day moving average price is $1,478.55 and its 200 day moving average price is $1,333.83. 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 Holding N.V. has a fifty-two week low of $683.48 and a fifty-two week high of $1,743.27. The firm has a market capitalization of $678.94 billion, a price-to-earnings ratio of 61.92, a PEG ratio of 1.40 and a beta of 1.82.

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

Analysts Set New Price Targets

ASML has been the topic of a number of recent research reports. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research note on Friday, May 8th. Morningstar lowered shares of ASML to a “sell” rating in a research note on Wednesday, May 27th. Barclays upgraded shares of ASML to a “buy” rating in a research note on Tuesday, May 19th. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research note on Monday. Finally, Citigroup reiterated a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.