GM Advisory Group LLC Sells 401 Shares of ASML Holding N.V. $ASML

GM Advisory Group LLC decreased its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 14.7% in the first quarter, Holdings Channel reports. The institutional investor owned 2,332 shares of the semiconductor company’s stock after selling 401 shares during the quarter. GM Advisory Group LLC’s holdings in ASML were worth $3,081,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cornerstone Financial Management LLC purchased a new stake in ASML during the 4th quarter valued at about $26,000. Binnacle Investments Inc grew its holdings in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 15 shares during the last quarter. Resources Management Corp CT ADV grew its holdings in shares of ASML by 1,150.0% during the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 23 shares during the last quarter. North Star Investment Management Corp. increased its position in shares of ASML by 68.8% during the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc bought a new stake in shares of ASML during the fourth quarter valued at approximately $30,000. 26.07% of the stock is currently owned by institutional investors.

ASML Price Performance

Shares of NASDAQ:ASML opened at $1,769.32 on Friday. The firm’s 50 day moving average price is $1,668.56 and its 200-day moving average price is $1,450.06. ASML Holding N.V. has a twelve month low of $683.48 and a twelve month high of $1,999.96. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $695.84 billion, a PE ratio of 63.46, a price-to-earnings-growth ratio of 1.34 and a beta of 1.78.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The company had revenue of $10.15 billion for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. Equities research analysts expect that ASML Holding N.V. will post 36.62 EPS for the current year.

Wall Street Analysts Forecast Growth

ASML has been the topic of several analyst reports. Wells Fargo & Company upped their price objective on ASML from $1,750.00 to $2,200.00 and gave the company an “overweight” rating in a research report on Monday, June 22nd. Barclays reissued a “buy” rating on shares of ASML in a report on Monday, June 29th. Susquehanna reaffirmed a “positive” rating on shares of ASML in a report on Tuesday. Bank of America increased their price objective on ASML from $2,268.00 to $2,345.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a report on Monday, June 1st. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,772.62.

About ASML

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.