Cane Capital Partners LLC Has $4.45 Million Stock Position in ASML Holding N.V. $ASML

Cane Capital Partners LLC reduced its position in ASML Holding N.V. (NASDAQ:ASML) by 10.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,368 shares of the semiconductor company’s stock after selling 388 shares during the quarter. ASML makes up 1.9% of Cane Capital Partners LLC’s portfolio, making the stock its 16th largest holding. Cane Capital Partners LLC’s holdings in ASML were worth $4,449,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC acquired a new stake in shares of ASML in the 4th quarter valued at $26,000. Portus Wealth Advisors LLC acquired a new stake in shares of ASML in the first quarter valued at approximately $32,000. Resources Management Corp CT ADV increased its stake in shares of ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 23 shares during the period. North Star Investment Management Corp. raised its holdings in ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc acquired a new position in ASML in the fourth quarter valued at approximately $30,000. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

ASML has been the topic of several analyst reports. Zacks Research raised ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a report on Thursday, April 16th. Susquehanna restated a “positive” rating on shares of ASML in a report on Tuesday. Bank of America raised their price target on ASML from $2,268.00 to $2,345.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Finally, Weiss Ratings lowered shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Four 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,772.62.

ASML Stock Performance

Shares of NASDAQ:ASML opened at $1,843.04 on Thursday. The company’s 50 day moving average price is $1,655.84 and its two-hundred day moving average price is $1,442.96. ASML Holding N.V. has a 12-month low of $683.48 and a 12-month high of $1,999.96. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The firm has a market cap of $724.83 billion, a PE ratio of 66.11, a PEG ratio of 1.51 and a beta of 1.78.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The firm had revenue of $10.15 billion during the quarter. Equities research analysts predict that ASML Holding N.V. will post 36.62 earnings per share for the current year.

ASML 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.