North Point Portfolio Managers Corp OH Reduces Stock Holdings in ASML Holding N.V. $ASML

North Point Portfolio Managers Corp OH cut its stake in ASML Holding N.V. (NASDAQ:ASML) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,428 shares of the semiconductor company’s stock after selling 405 shares during the quarter. ASML comprises about 4.6% of North Point Portfolio Managers Corp OH’s portfolio, making the stock its 2nd biggest position. North Point Portfolio Managers Corp OH’s holdings in ASML were worth $25,661,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Key Financial Inc grew its stake in ASML by 71.1% in the first quarter. Key Financial Inc now owns 65 shares of the semiconductor company’s stock valued at $86,000 after purchasing an additional 27 shares during the last quarter. Global Trust Asset Management LLC raised its holdings in ASML by 2.1% in the first quarter. Global Trust Asset Management LLC now owns 909 shares of the semiconductor company’s stock worth $1,201,000 after purchasing an additional 19 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in shares of ASML by 31.0% during the first quarter. Harbor Investment Advisory LLC now owns 1,179 shares of the semiconductor company’s stock valued at $1,557,000 after buying an additional 279 shares during the last quarter. MQS Management LLC purchased a new stake in shares of ASML during the first quarter valued at about $277,000. Finally, Mayflower Financial Advisors LLC boosted its holdings in shares of ASML by 5.5% in the 1st quarter. Mayflower Financial Advisors LLC now owns 479 shares of the semiconductor company’s stock valued at $633,000 after buying an additional 25 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Susquehanna reaffirmed a “positive” rating on shares of ASML in a research report on Tuesday. Royal Bank Of Canada increased their target price on shares of ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Sanford C. Bernstein restated a “buy” rating on shares of ASML in a research note on Monday, June 15th. JPMorgan Chase & Co. upped their price target on ASML from $1,813.00 to $2,200.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of ASML in a report on Wednesday, June 3rd. Four investment 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 given a Sell rating to the company. Based on data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and an average target price of $1,772.62.

ASML Stock Performance

Shares of ASML stock opened at $1,989.44 on Wednesday. The firm has a market capitalization of $782.41 billion, a P/E ratio of 71.36, a PEG ratio of 1.43 and a beta of 1.82. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average price of $1,648.51 and a 200 day moving average price of $1,437.89. ASML Holding N.V. has a 52 week low of $683.48 and a 52 week high of $1,999.96.

ASML (NASDAQ:ASML) last released its 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. Sell-side analysts expect that ASML Holding N.V. will post 36.69 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.