Wakefield Asset Management LLLP Makes New $428,000 Investment in ASML Holding N.V. $ASML

Wakefield Asset Management LLLP bought a new position in ASML Holding N.V. (NASDAQ:ASML) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 400 shares of the semiconductor company’s stock, valued at approximately $428,000.

Other large investors have also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC acquired a new stake in ASML in the third quarter worth $25,000. Binnacle Investments Inc increased its position in ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after buying an additional 15 shares during the period. North Star Investment Management Corp. increased its position in ASML by 68.8% in the fourth 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. Kohmann Bosshard Financial Services LLC acquired a new stake in ASML in the fourth quarter worth $32,000. Finally, JPL Wealth Management LLC acquired a new stake in ASML in the third quarter worth $34,000. 26.07% of the stock is owned by institutional investors and hedge funds.

More ASML News

Here are the key news stories impacting ASML this week:

• Positive Sentiment: ASML and Tata Electronics signed a deal to support an advanced chip fab project in Gujarat, India, highlighting new growth opportunities for ASML in a major emerging semiconductor market. Dutch chip giant ASML signs deal with Tata to power India semiconductor plant
• Positive Sentiment: Multiple reports said the Tata-ASML agreement strengthens India’s semiconductor push, which could boost long-term demand for ASML’s lithography systems. Tata Electronics partners with ASML for its $11Bn chip manufacturing project
• Positive Sentiment: Goldman Sachs reiterated its “Buy” rating on ASML, adding to investor confidence in the stock’s outlook. ASML’s (ASML) “Buy” Rating Reiterated at The Goldman Sachs Group
• Positive Sentiment: JPMorgan also reaffirmed its “Buy” rating, while brokerage coverage continues to point to a consensus “Moderate Buy” for ASML. ASML – JP Morgan reiterates its buy rating

Analyst Ratings Changes

A number of research analysts have recently commented on ASML shares. Barclays reissued a “buy” rating on shares of ASML in a report on Wednesday, April 15th. Royal Bank Of Canada raised their price target on ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Freedom Capital raised ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. UBS Group reissued a “buy” rating on shares of ASML in a report on Thursday, April 23rd. Finally, Zacks Research lowered ASML from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,504.38.

ASML Price Performance

Shares of ASML opened at $1,501.81 on Friday. The firm has a market capitalization of $590.63 billion, a price-to-earnings ratio of 53.87, a price-to-earnings-growth ratio of 1.23 and a beta of 1.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. ASML Holding N.V. has a one year low of $683.48 and a one year high of $1,603.49. The stock’s fifty day moving average is $1,414.78 and its 200-day moving average is $1,280.97.

ASML (NASDAQ:ASML) last released its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The firm had revenue of $10.15 billion for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. Equities analysts anticipate that ASML Holding N.V. will post 37.09 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.