ASML Holding N.V. $ASML Position Reduced by Capital World Investors

Capital World Investors cut its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 7.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,881,791 shares of the semiconductor company’s stock after selling 305,215 shares during the quarter. Capital World Investors’ holdings in ASML were worth $4,153,091,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Binnacle Investments Inc lifted its stake 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 buying an additional 15 shares in the last quarter. North Star Investment Management Corp. lifted its stake in ASML by 68.8% during the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 11 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in ASML during the fourth quarter valued at about $32,000. Evolution Wealth Management Inc. purchased a new stake in ASML during the fourth quarter valued at about $33,000. Finally, JPL Wealth Management LLC purchased a new stake in ASML during the third quarter valued at about $34,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ASML has been the subject of a number of analyst reports. Royal Bank Of Canada upped their price objective on shares of ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a report on Thursday, April 16th. Freedom Capital upgraded ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Zacks Research upgraded ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. upped their target price on ASML from $1,813.00 to $2,200.00 and gave the company a “buy” rating in a report on Wednesday. Four research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,589.63.

ASML Price Performance

Shares of ASML opened at $1,641.74 on Friday. The company has a market capitalization of $645.66 billion, a price-to-earnings ratio of 58.89, a P/E/G ratio of 1.35 and a beta of 1.82. ASML Holding N.V. has a fifty-two week low of $683.48 and a fifty-two week high of $1,779.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The business’s 50-day moving average is $1,490.67 and its 200-day moving average is $1,341.23.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The firm had revenue of $10.15 billion for the quarter. Equities research analysts expect that ASML Holding N.V. will post 36.93 EPS for the current fiscal 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.