Perpetual Ltd Sells 1,053 Shares of ASML Holding (NASDAQ:ASML)

Perpetual Ltd cut its holdings in ASML Holding (NASDAQ:ASML) by 48.9% in the fourth quarter, HoldingsChannel reports. The firm owned 1,099 shares of the semiconductor company’s stock after selling 1,053 shares during the period. Perpetual Ltd’s holdings in ASML were worth $762,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ASML. Carnegie Investment Counsel boosted its holdings in shares of ASML by 68.9% during the 4th quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock worth $1,475,000 after buying an additional 868 shares during the period. Central Pacific Bank Trust Division bought a new stake in ASML during the 4th quarter valued at approximately $1,174,000. Taurus Asset Management LLC bought a new position in ASML in the 3rd quarter worth approximately $16,994,000. State Street Corp lifted its holdings in shares of ASML by 5.2% during the third quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock worth $117,323,000 after buying an additional 7,010 shares during the last quarter. Finally, Stockman Wealth Management Inc. grew its stake in shares of ASML by 7.2% in the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after acquiring an additional 1,032 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ASML has been the subject of several research analyst reports. BNP Paribas assumed coverage on shares of ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price for the company. Susquehanna dropped their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. cut their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Finally, Sanford C. Bernstein lowered their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Three equities research 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $955.50.

ASML Stock Performance

NASDAQ:ASML opened at $766.71 on Thursday. The firm has a 50 day moving average of $710.29 and a 200-day moving average of $790.96. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. ASML Holding has a 1 year low of $645.45 and a 1 year high of $1,110.09. The stock has a market capitalization of $301.64 billion, a P/E ratio of 40.14, a price-to-earnings-growth ratio of 2.35 and a beta of 1.47.

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.