Fisher Funds Management LTD Sells 23,787 Shares of ASML Holding N.V. $ASML

Fisher Funds Management LTD trimmed its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 66.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,118 shares of the semiconductor company’s stock after selling 23,787 shares during the quarter. Fisher Funds Management LTD’s holdings in ASML were worth $16,010,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cornerstone Financial Management LLC bought a new position in shares of ASML during the 4th quarter worth approximately $26,000. Binnacle Investments Inc lifted its position in 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 last quarter. Resources Management Corp CT ADV lifted its position in ASML by 1,150.0% during the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 23 shares during the last quarter. North Star Investment Management Corp. boosted its stake in ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc acquired a new stake in ASML in the fourth quarter valued at approximately $30,000. 26.07% of the stock is currently owned by institutional investors.

ASML Price Performance

Shares of ASML stock opened at $1,929.68 on Monday. ASML Holding N.V. has a fifty-two week low of $683.48 and a fifty-two week high of $1,942.87. The firm has a market capitalization of $758.90 billion, a PE ratio of 69.21, a P/E/G ratio of 1.55 and a beta of 1.82. 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’s 50-day simple moving average is $1,594.98 and its 200-day simple moving average is $1,401.52.

ASML (NASDAQ:ASML) last released its earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The firm 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%. Equities analysts expect that ASML Holding N.V. will post 36.76 earnings per share for the current year.

Key ASML News

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

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research report on Monday, June 1st. Wells Fargo & Company restated an “overweight” rating and set a $1,750.00 target price on shares of ASML in a research note on Thursday, April 16th. Weiss Ratings downgraded ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen lowered ASML from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Four equities research 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 stock. Based on data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and a consensus target price of $1,589.62.

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.