Envestnet Portfolio Solutions Inc. Trims Holdings in ASML Holding N.V. $ASML

Envestnet Portfolio Solutions Inc. reduced its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 10.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,524 shares of the semiconductor company’s stock after selling 507 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in ASML were worth $3,625,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in ASML by 6.0% during the first quarter. GAMMA Investing LLC now owns 2,114 shares of the semiconductor company’s stock worth $1,401,000 after purchasing an additional 119 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in ASML by 2.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,418 shares of the semiconductor company’s stock worth $22,806,000 after purchasing an additional 763 shares during the last quarter. Sowell Financial Services LLC bought a new position in ASML during the first quarter worth $633,000. Grove Bank & Trust lifted its stake in ASML by 25.5% during the first quarter. Grove Bank & Trust now owns 261 shares of the semiconductor company’s stock worth $173,000 after purchasing an additional 53 shares during the last quarter. Finally, Inscription Capital LLC bought a new position in ASML during the first quarter worth $144,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 22nd. Morningstar cut ASML to a “hold” rating in a research note on Thursday, September 18th. DZ Bank reiterated a “neutral” rating on shares of ASML in a research note on Wednesday. Hsbc Global Res upgraded ASML to a “strong-buy” rating in a research note on Monday, October 6th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $935.00 target price on shares of ASML in a research note on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,001.60.

ASML Price Performance

Shares of ASML opened at $1,009.81 on Thursday. The firm has a market capitalization of $397.14 billion, a price-to-earnings ratio of 42.15, a price-to-earnings-growth ratio of 1.66 and a beta of 1.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.81 and a current ratio of 1.43. ASML Holding N.V. has a one year low of $578.51 and a one year high of $1,059.00. The stock’s fifty day moving average is $852.01 and its 200-day moving average is $768.34.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 EPS for the quarter, missing analysts’ consensus estimates of $5.94 by ($1.39). The business had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.72 billion. ASML had a net margin of 26.95% and a return on equity of 49.47%. ASML’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period last year, the business posted $4.01 earnings per share. Equities analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current 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.