HB Wealth Management LLC Sells 1,162 Shares of ASML Holding N.V. $ASML

HB Wealth Management LLC reduced its position in ASML Holding N.V. (NASDAQ:ASML) by 18.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,204 shares of the semiconductor company’s stock after selling 1,162 shares during the period. HB Wealth Management LLC’s holdings in ASML were worth $6,874,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its holdings in ASML by 195.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock valued at $1,652,618,000 after acquiring an additional 1,022,532 shares during the last quarter. Capital International Investors increased its position in ASML by 17.3% in 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. Alliancebernstein L.P. raised its holdings in ASML by 75.6% during the 3rd quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock worth $765,632,000 after purchasing an additional 340,518 shares during the last quarter. Van ECK Associates Corp raised its holdings in ASML by 16.6% during the 3rd 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 last quarter. Finally, BlueSpruce Investments LP lifted its position in ASML by 18,861.1% during the 3rd quarter. BlueSpruce Investments LP now owns 244,977 shares of the semiconductor company’s stock valued at $237,160,000 after purchasing an additional 243,685 shares during the period. Institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ASML shares. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research report on Monday, June 1st. DZ Bank restated a “neutral” rating on shares of ASML in a report on Wednesday, April 15th. UBS Group reaffirmed a “buy” rating on shares of ASML in a research note on Wednesday. Barclays reaffirmed a “buy” rating on shares of ASML in a report on Monday, June 29th. Finally, JPMorgan Chase & Co. upped their target price on shares of ASML from $1,813.00 to $2,200.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,772.62.

ASML Price Performance

ASML stock opened at $1,769.32 on Friday. The firm has a market capitalization of $695.84 billion, a P/E ratio of 63.46, a PEG ratio of 1.34 and a beta of 1.78. ASML Holding N.V. has a 1 year low of $683.48 and a 1 year high of $1,999.96. The business has a 50-day moving average of $1,668.56 and a 200-day moving average of $1,450.06. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The company had revenue of $10.15 billion during the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. On average, equities analysts anticipate that ASML Holding N.V. will post 36.62 EPS for the current 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.