Elevation Point Wealth Partners LLC Lowers Position in ASML Holding (NASDAQ:ASML)

Elevation Point Wealth Partners LLC cut its stake in ASML Holding (NASDAQ:ASML) by 1.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 3,910 shares of the semiconductor company’s stock after selling 50 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in ASML were worth $2,591,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ASML. Wellington Shields & Co. LLC raised its stake in shares of 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 purchasing an additional 37 shares during the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of ASML during the fourth quarter valued at approximately $31,000. Roxbury Financial LLC purchased a new stake in shares of ASML during the fourth quarter valued at approximately $39,000. Tradewinds Capital Management LLC increased its position in shares of ASML by 96.7% during the fourth quarter. Tradewinds Capital Management LLC now owns 59 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 29 shares during the last quarter. Finally, Investment Management Corp VA ADV purchased a new stake in shares of ASML during the fourth quarter valued at approximately $46,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ASML. 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. Citigroup reaffirmed a “buy” rating on shares of ASML in a research report on Monday, May 19th. Barclays reaffirmed an “equal weight” rating on shares of ASML in a research report on Tuesday, June 3rd. Finally, Susquehanna decreased their price target on ASML from $1,100.00 to $965.00 and set a “positive” rating for the company in a research report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and a consensus price target of $906.00.

ASML Price Performance

Shares of NASDAQ ASML opened at $761.00 on Friday. The stock has a fifty day simple moving average of $710.27 and a two-hundred day simple moving average of $714.56. ASML Holding has a 1-year low of $578.51 and a 1-year high of $1,110.09. The firm has a market cap of $299.39 billion, a price-to-earnings ratio of 36.59, a price-to-earnings-growth ratio of 1.62 and a beta of 1.74. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, beating the consensus estimate of $6.12 by $0.19. ASML had a return on equity of 47.73% and a net margin of 26.78%. The business had revenue of $8.77 billion during the quarter, compared to analyst estimates of $7.90 billion. Analysts anticipate that ASML Holding will post 25.17 earnings per share for the current year.

About ASML

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.