BTC Capital Management Inc. Trims Holdings in ASML Holding (NASDAQ:ASML)

BTC Capital Management Inc. lessened its stake in ASML Holding (NASDAQ:ASML) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,088 shares of the semiconductor company’s stock after selling 71 shares during the period. BTC Capital Management Inc.’s holdings in ASML were worth $754,000 at the end of the most recent reporting period.

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

ASML Price Performance

Shares of NASDAQ:ASML opened at $736.99 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The company has a market capitalization of $289.95 billion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 2.25 and a beta of 1.47. The stock has a fifty day moving average of $718.04 and a 200-day moving average of $777.78. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 50.53%. As a group, equities analysts anticipate that ASML Holding will post 25.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ASML. BNP Paribas began coverage on ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective 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 on the stock in a report on Friday, October 11th. Sanford C. Bernstein reduced their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. JPMorgan Chase & Co. decreased their target price on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, DZ Bank raised ASML from a “hold” rating to a “buy” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $937.00.

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.