Dearborn Partners LLC Reduces Holdings in ASML Holding N.V. $ASML

Dearborn Partners LLC decreased its holdings in ASML Holding N.V. (NASDAQ:ASML) by 34.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 678 shares of the semiconductor company’s stock after selling 363 shares during the quarter. Dearborn Partners LLC’s holdings in ASML were worth $725,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Regents of The University of California purchased a new position in shares of ASML in the third quarter worth $413,335,000. Dimensional Fund Advisors LP lifted its holdings in shares of ASML by 4.1% in the third quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company’s stock worth $959,180,000 after buying an additional 38,660 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of ASML by 34.5% in the third quarter. Principal Financial Group Inc. now owns 15,583 shares of the semiconductor company’s stock worth $15,086,000 after buying an additional 4,001 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of ASML by 314.0% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 24,626 shares of the semiconductor company’s stock worth $23,841,000 after buying an additional 18,677 shares in the last quarter. Finally, Gradient Investments LLC lifted its holdings in shares of ASML by 424.3% in the fourth quarter. Gradient Investments LLC now owns 14,388 shares of the semiconductor company’s stock worth $15,393,000 after buying an additional 11,644 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

ASML has been the topic of several research analyst reports. Sanford C. Bernstein reissued a “buy” rating on shares of ASML in a report on Monday, May 25th. UBS Group reissued a “buy” rating on shares of ASML in a report on Wednesday, May 20th. Zacks Research raised shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday. Morningstar downgraded shares of ASML to a “sell” rating in a report on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,589.63.

ASML Price Performance

ASML stock opened at $1,641.74 on Monday. The company has a market cap of $645.66 billion, a price-to-earnings ratio of 58.89, a PEG ratio of 1.31 and a beta of 1.82. The firm’s fifty day moving average is $1,490.67 and its 200 day moving average is $1,343.49. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. ASML Holding N.V. has a 52-week low of $683.48 and a 52-week high of $1,779.29.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. The company had revenue of $10.15 billion for the quarter. Sell-side analysts forecast that ASML Holding N.V. will post 36.93 EPS for the current fiscal 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.