Martin Investment Management LLC Cuts Stake in ASML Holding N.V. $ASML

Martin Investment Management LLC lowered its position in ASML Holding N.V. (NASDAQ:ASML) by 29.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 835 shares of the semiconductor company’s stock after selling 356 shares during the period. Martin Investment Management LLC’s holdings in ASML were worth $893,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capstone Wealth Management Group LLC lifted its position in ASML by 5.2% in the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock valued at $1,664,000 after purchasing an additional 124 shares during the last quarter. AQR Capital Management LLC lifted its position in ASML by 141.1% in the first quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock valued at $4,553,000 after purchasing an additional 4,021 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in ASML by 153.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock valued at $11,404,000 after purchasing an additional 10,411 shares during the last quarter. Sivia Capital Partners LLC lifted its position in ASML by 1.3% in the second quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock valued at $936,000 after purchasing an additional 15 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in ASML by 5.2% in the second quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company’s stock valued at $9,122,000 after purchasing an additional 559 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on ASML. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Weiss Ratings downgraded ASML from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Barclays upgraded ASML to a “buy” rating in a report on Tuesday, May 19th. Citigroup restated a “buy” rating on shares of ASML in a report on Thursday, April 16th. Finally, Berenberg Bank restated a “buy” rating on shares of ASML in a report on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,504.38.

ASML Stock Performance

Shares of ASML stock opened at $1,628.57 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $640.48 billion, a P/E ratio of 58.41, a P/E/G ratio of 1.32 and a beta of 1.82. The business has a fifty day simple moving average of $1,463.66 and a two-hundred day simple moving average of $1,324.15. ASML Holding N.V. has a 12 month low of $683.48 and a 12 month high of $1,654.20.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The business had revenue of $10.15 billion during the quarter. On average, equities analysts forecast that ASML Holding N.V. will post 37.1 earnings per share for the current fiscal year.

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.