Cane Capital Partners LLC Sells 388 Shares of ASML Holding N.V. $ASML

Cane Capital Partners LLC trimmed its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 10.3% during the first quarter, HoldingsChannel.com reports. The firm owned 3,368 shares of the semiconductor company’s stock after selling 388 shares during the period. ASML makes up approximately 1.9% of Cane Capital Partners LLC’s portfolio, making the stock its 16th biggest holding. Cane Capital Partners LLC’s holdings in ASML were worth $4,449,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Capstone Wealth Management Group LLC raised its stake in ASML by 5.2% during the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock worth $1,664,000 after buying an additional 124 shares during the last quarter. AQR Capital Management LLC boosted its holdings in ASML by 141.1% in the first quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock worth $4,553,000 after acquiring an additional 4,021 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of ASML by 153.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock worth $11,404,000 after purchasing an additional 10,411 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of ASML by 1.3% during the second quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock valued at $936,000 after buying an additional 15 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in ASML by 5.2% during the 2nd quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company’s stock worth $9,122,000 after purchasing an additional 559 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Stock Down 7.4%

ASML stock opened at $1,843.04 on Thursday. The company has a market capitalization of $724.83 billion, a price-to-earnings ratio of 66.11, a PEG ratio of 1.51 and a beta of 1.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. The stock has a fifty day moving average of $1,655.84 and a 200-day moving average of $1,442.96. ASML Holding N.V. has a fifty-two week low of $683.48 and a fifty-two week high of $1,999.96.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) 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. As a group, equities research analysts predict that ASML Holding N.V. will post 36.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ASML shares. UBS Group restated a “buy” rating on shares of ASML in a report on Wednesday. Royal Bank Of Canada increased their price target on ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of ASML in a report on Monday, June 15th. Finally, JPMorgan Chase & Co. upped their target price on shares of ASML from $1,813.00 to $2,200.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Four research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,772.62.

ASML Company 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.