Ritholtz Wealth Management lowered its stake in shares of ASML Holding (NASDAQ:ASML - Free Report) by 20.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,415 shares of the semiconductor company's stock after selling 1,866 shares during the period. Ritholtz Wealth Management's holdings in ASML were worth $5,139,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ASML. Resources Management Corp CT ADV purchased a new stake in shares of ASML during the second quarter worth about $26,000. Fairway Wealth LLC purchased a new stake in ASML in the 3rd quarter worth approximately $25,000. Milestone Investment Advisors LLC acquired a new position in ASML in the 3rd quarter valued at $28,000. Fortitude Family Office LLC lifted its stake in shares of ASML by 46.9% during the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 15 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of ASML during the third quarter worth $43,000. Hedge funds and other institutional investors own 26.07% of the company's stock.
ASML Stock Up 0.8 %
ASML stock traded up $6.05 during trading on Friday, reaching $756.33. 1,932,491 shares of the company's stock were exchanged, compared to its average volume of 1,607,383. The company's 50-day moving average is $704.98 and its two-hundred day moving average is $800.97. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The firm has a market cap of $297.56 billion, a price-to-earnings ratio of 39.60, a PEG ratio of 2.30 and a beta of 1.47.
ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.24 by $0.56. The firm had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. On average, analysts predict that ASML Holding will post 20.57 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts recently weighed in on the company. Susquehanna reduced their target price on ASML from $1,300.00 to $1,100.00 and set a "positive" rating on the stock in a research report on Friday, October 11th. Wells Fargo & Company increased their price objective on shares of ASML from $790.00 to $860.00 and gave the stock an "overweight" rating in a report on Monday. BNP Paribas assumed coverage on shares of ASML in a report on Tuesday, December 3rd. They issued an "outperform" rating and a $858.00 target price for the company. Sanford C. Bernstein cut their price target on shares of ASML from $815.00 to $767.00 and set an "outperform" rating on the stock in a research note on Friday, November 29th. Finally, Berenberg Bank raised shares of ASML to a "strong-buy" rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $955.50.
Read Our Latest Stock Report on ASML
About ASML
(
Free Report)
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.
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