Capital Group Investment Management PTE. LTD. Reduces Stake in ASML Holding N.V. $ASML

Capital Group Investment Management PTE. LTD. reduced its stake in ASML Holding N.V. (NASDAQ:ASML) by 16.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,035 shares of the semiconductor company’s stock after selling 972 shares during the period. Capital Group Investment Management PTE. LTD.’s holdings in ASML were worth $5,387,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ASML. Regents of The University of California acquired a new stake in ASML in the 3rd quarter valued at about $413,335,000. Dimensional Fund Advisors LP raised its position in ASML by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company’s stock valued at $959,180,000 after purchasing an additional 38,660 shares in the last quarter. Principal Financial Group Inc. raised its position in ASML by 34.5% in the 3rd quarter. Principal Financial Group Inc. now owns 15,583 shares of the semiconductor company’s stock valued at $15,086,000 after purchasing an additional 4,001 shares in the last quarter. Gradient Investments LLC raised its position in ASML by 424.3% in the 4th quarter. Gradient Investments LLC now owns 14,388 shares of the semiconductor company’s stock valued at $15,393,000 after purchasing an additional 11,644 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its position in ASML by 314.0% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 24,626 shares of the semiconductor company’s stock valued at $23,841,000 after purchasing an additional 18,677 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ASML. Freedom Capital raised ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $1,750.00 price target on shares of ASML in a research report on Thursday, April 16th. Barclays reiterated an “overweight” rating on shares of ASML in a report on Thursday. Zacks Research upgraded ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of ASML in a report on Monday, May 25th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,589.63.

ASML Trading Down 6.6%

ASML opened at $1,641.74 on Friday. ASML Holding N.V. has a one year low of $683.48 and a one year high of $1,779.29. The company has a market cap of $645.66 billion, a P/E ratio of 58.89, a PEG ratio of 1.35 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. The business’s 50-day simple moving average is $1,490.67 and its 200-day simple moving average is $1,341.23.

ASML (NASDAQ:ASML) last released its quarterly earnings data 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 for the quarter. As a group, equities research analysts expect that ASML Holding N.V. will post 36.93 EPS for the current fiscal year.

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.