Deepwater Asset Management LLC Reduces Stock Holdings in ASML Holding N.V. $ASML

Deepwater Asset Management LLC lowered its position in ASML Holding N.V. (NASDAQ:ASML) by 67.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,330 shares of the semiconductor company’s stock after selling 8,829 shares during the quarter. Deepwater Asset Management LLC’s holdings in ASML were worth $4,632,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ASML. Capital International Investors raised its holdings in ASML by 17.3% in 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 buying an additional 577,448 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in ASML in the 3rd quarter valued at about $505,510,000. Regents of The University of California purchased a new stake in ASML in the 3rd quarter valued at about $413,335,000. Alliancebernstein L.P. raised its holdings in ASML by 75.6% in the 3rd quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock valued at $765,632,000 after buying an additional 340,518 shares during the period. Finally, Van ECK Associates Corp raised its holdings in ASML by 16.6% in 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 buying an additional 305,435 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ASML has been the topic of several research analyst reports. Wall Street Zen lowered shares of ASML from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Weiss Ratings lowered shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Freedom Capital upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Sanford C. Bernstein restated a “buy” rating on shares of ASML in a report on Monday, May 25th. Finally, Morgan Stanley restated an “overweight” rating on shares of ASML in a report on Wednesday. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and an average target price of $1,589.63.

ASML Stock Performance

NASDAQ ASML opened at $1,641.74 on Monday. The company has a market cap of $645.66 billion, a P/E ratio of 58.89, a P/E/G ratio of 1.31 and a beta of 1.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The stock has a 50-day moving average of $1,490.67 and a two-hundred day moving average of $1,343.49. ASML Holding N.V. has a 1-year low of $683.48 and a 1-year high of $1,779.29.

ASML (NASDAQ:ASML) last announced 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 during the quarter. As a group, analysts anticipate that ASML Holding N.V. will post 36.93 EPS 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.