ASML Holding N.V. (NASDAQ:ASML) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. lessened its position in ASML Holding N.V. (NASDAQ:ASML) by 2.3% during the first quarter, Holdings Channel reports. The institutional investor owned 758 shares of the semiconductor company’s stock after selling 18 shares during the quarter. Institute for Wealth Management LLC.’s holdings in ASML were worth $502,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wellington Shields & Co. LLC raised its position in ASML by 740.0% in the fourth quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 37 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new position in shares of ASML in the 4th quarter worth approximately $31,000. Tradewinds Capital Management LLC raised its holdings in shares of ASML by 96.7% in the 4th quarter. Tradewinds Capital Management LLC now owns 59 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 29 shares in the last quarter. Investment Management Corp VA ADV acquired a new stake in ASML during the fourth quarter valued at approximately $46,000. Finally, Bradley & Co. Private Wealth Management LLC acquired a new position in ASML in the fourth quarter worth approximately $51,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

ASML has been the topic of several research reports. Sanford C. Bernstein began coverage on ASML in a report on Tuesday. They issued a “market perform” rating and a $806.00 price target on the stock. Barclays reaffirmed an “equal weight” rating on shares of ASML in a research report on Tuesday, June 3rd. Wells Fargo & Company decreased their price target on ASML from $860.00 to $840.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Susquehanna cut their price objective on ASML from $1,100.00 to $965.00 and set a “positive” rating on the stock in a report on Thursday, April 17th. Finally, Citigroup reiterated a “buy” rating on shares of ASML in a report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and a consensus price target of $913.80.

ASML Stock Performance

Shares of ASML stock opened at $761.64 on Friday. The company has a market capitalization of $299.64 billion, a price-to-earnings ratio of 32.10, a P/E/G ratio of 1.48 and a beta of 1.74. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $1,110.09. The company has a current ratio of 1.52, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The stock’s fifty day simple moving average is $719.05 and its 200-day simple moving average is $716.76.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, topping analysts’ consensus estimates of $6.12 by $0.19. The firm had revenue of $8.77 billion during the quarter, compared to analyst estimates of $7.90 billion. ASML had a return on equity of 51.82% and a net margin of 28.32%. On average, sell-side analysts predict that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.