Allen Investment Management LLC Sells 9,703 Shares of ASML Holding N.V. $ASML

Allen Investment Management LLC reduced its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 11.3% in the fourth quarter, Holdings Channel reports. The firm owned 76,321 shares of the semiconductor company’s stock after selling 9,703 shares during the period. ASML comprises approximately 0.9% of Allen Investment Management LLC’s holdings, making the stock its 29th biggest position. Allen Investment Management LLC’s holdings in ASML were worth $81,653,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Telos Capital Management Inc. lifted its stake in shares of ASML by 4.5% in the 3rd quarter. Telos Capital Management Inc. now owns 10,850 shares of the semiconductor company’s stock valued at $10,504,000 after acquiring an additional 463 shares during the last quarter. Regents of The University of California purchased a new position in ASML in the 3rd quarter worth approximately $413,335,000. Dimensional Fund Advisors LP increased its stake in ASML by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company’s stock worth $959,180,000 after purchasing an additional 38,660 shares during the period. Transcendent Capital Group LLC bought a new stake in ASML in the third quarter valued at approximately $680,000. Finally, Principal Financial Group Inc. lifted its position in ASML by 34.5% in the third 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 during the last quarter. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of ASML from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings cut shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Citigroup reiterated a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Royal Bank Of Canada increased their price objective on ASML from $1,625.00 to $1,700.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Finally, Berenberg Bank restated a “buy” rating on shares of ASML in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,504.38.

ASML Price Performance

ASML opened at $1,628.57 on Tuesday. The company’s 50-day simple moving average is $1,463.66 and its two-hundred day simple moving average is $1,324.15. 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 stock has a market capitalization of $640.48 billion, a P/E ratio of 58.41, a P/E/G ratio of 1.32 and a beta of 1.82. ASML Holding N.V. has a 52-week low of $683.48 and a 52-week high of $1,654.20.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. The firm had revenue of $10.15 billion during the quarter. As a group, analysts predict that ASML Holding N.V. will post 37.1 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.