Balboa Wealth Partners Sells 377 Shares of ASML Holding N.V. $ASML

Balboa Wealth Partners lessened its stake in ASML Holding N.V. (NASDAQ:ASML) by 9.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,479 shares of the semiconductor company’s stock after selling 377 shares during the quarter. ASML comprises approximately 0.8% of Balboa Wealth Partners’ investment portfolio, making the stock its 29th biggest holding. Balboa Wealth Partners’ holdings in ASML were worth $4,596,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Cornerstone Financial Management LLC acquired a new position in ASML during the 4th quarter worth $26,000. Binnacle Investments Inc lifted its stake in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 15 shares during the period. Resources Management Corp CT ADV boosted 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 purchasing an additional 23 shares during the last quarter. North Star Investment Management Corp. grew its position in shares of 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 buying an additional 11 shares during the period. Finally, Jessup Wealth Management Inc bought a new stake in shares of ASML during the fourth quarter worth approximately $30,000. 26.07% of the stock is owned by institutional investors.

ASML Price Performance

Shares of NASDAQ:ASML opened at $1,929.68 on Monday. The company has a 50 day moving average price of $1,594.98 and a two-hundred day moving average price of $1,401.52. 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 company has a market capitalization of $758.90 billion, a PE ratio of 69.21, a PEG ratio of 1.55 and a beta of 1.82. ASML Holding N.V. has a 52 week low of $683.48 and a 52 week high of $1,942.87.

ASML (NASDAQ:ASML) last announced its quarterly earnings results 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 company had revenue of $10.15 billion for the quarter. Analysts forecast that ASML Holding N.V. will post 36.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ASML shares. JPMorgan Chase & Co. raised their price objective on shares of ASML from $1,813.00 to $2,200.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Morgan Stanley reiterated an “overweight” rating on shares of ASML in a research report on Wednesday, June 3rd. Citigroup reissued a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Wall Street Zen lowered ASML from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research note on Monday, June 1st. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,589.62.

ASML News Summary

Here are the key news stories impacting ASML this week:

• Negative Sentiment: U.S. officials reportedly questioned whether an ASML EUV machine may have made its way to China, raising the risk of tighter export scrutiny and possible regulatory fallout. US tells ASML it’s concerned one of its chipmaking tools may be in China, Bloomberg News reports
• Negative Sentiment: ASML is facing fresh China export scrutiny after reports that the Trump administration is probing whether an advanced chipmaking tool was diverted to China, keeping geopolitical risk front and center for investors. ASML Faces Fresh China Export Scrutiny
• Neutral Sentiment: ASML has denied the allegations, saying its EUV systems are not in China; while that may limit immediate damage, the dispute still leaves uncertainty around U.S.-China export controls. US tells ASML it is concerned China may have top chip tool, Bloomberg News reports
• Neutral Sentiment: Longer-term optimism remains in place, with analysts still pointing to strong earnings growth and demand trends, and Barclays recently raising its price target on ASML. Here’s Why ASML Holding N.V. (ASML) Is Among the Stocks with Best Earnings Growth for the Next 3 Years

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.