ASML Holding N.V. $ASML Position Lowered by Carmel Capital Management L.L.C.

Carmel Capital Management L.L.C. trimmed its position in ASML Holding N.V. (NASDAQ:ASML) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,963 shares of the semiconductor company’s stock after selling 255 shares during the quarter. ASML makes up 5.3% of Carmel Capital Management L.L.C.’s investment portfolio, making the stock its 5th largest position. Carmel Capital Management L.L.C.’s holdings in ASML were worth $18,443,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Cornerstone Financial Management LLC purchased a new position in shares of ASML in the 4th quarter valued at about $26,000. Portus Wealth Advisors LLC acquired a new stake in shares of ASML during the 1st quarter worth about $32,000. Resources Management Corp CT ADV lifted its stake 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 worth $27,000 after purchasing an additional 23 shares during the last quarter. North Star Investment Management Corp. boosted its holdings 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 purchasing an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc acquired a new position in ASML in the fourth quarter valued at approximately $30,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Trading Up 5.6%

ASML opened at $1,989.44 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. ASML Holding N.V. has a 52 week low of $683.48 and a 52 week high of $1,999.96. The business’s 50 day moving average is $1,648.51 and its two-hundred day moving average is $1,437.89. The firm has a market cap of $782.41 billion, a price-to-earnings ratio of 71.36, a price-to-earnings-growth ratio of 1.43 and a beta of 1.82.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The business 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, research analysts predict that ASML Holding N.V. will post 36.69 EPS for the current year.

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of research analyst reports. Barclays reissued a “buy” rating on shares of ASML in a report on Monday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a report on Thursday, April 16th. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research report on Friday, May 8th. Zacks Research upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Finally, Freedom Capital raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Four 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,772.62.

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.