Jupiter Wealth Management LLC Reduces Stake in ASML Holding (NASDAQ:ASML)

Jupiter Wealth Management LLC reduced its stake in shares of ASML Holding (NASDAQ:ASML) by 17.2% in the fourth quarter, Holdings Channel reports. The fund owned 600 shares of the semiconductor company’s stock after selling 125 shares during the quarter. Jupiter Wealth Management LLC’s holdings in ASML were worth $416,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Foundations Investment Advisors LLC increased its position in ASML by 36.7% in the fourth quarter. Foundations Investment Advisors LLC now owns 26,322 shares of the semiconductor company’s stock worth $18,243,000 after buying an additional 7,073 shares during the last quarter. Fifth Third Bancorp increased its holdings in ASML by 12.2% in the 4th quarter. Fifth Third Bancorp now owns 9,759 shares of the semiconductor company’s stock worth $6,764,000 after acquiring an additional 1,062 shares during the last quarter. Vantage Investment Partners LLC raised its stake in ASML by 53.3% in the 4th quarter. Vantage Investment Partners LLC now owns 53,290 shares of the semiconductor company’s stock valued at $36,934,000 after acquiring an additional 18,523 shares during the period. Strategic Financial Concepts LLC bought a new stake in ASML in the 4th quarter valued at about $337,000. Finally, Clarendon Private LLC purchased a new stake in ASML during the fourth quarter valued at about $269,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ASML shares. DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Wells Fargo & Company lowered their target price on shares of ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. cut their price target on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Citigroup reiterated a “buy” rating on shares of ASML in a research report on Monday. Finally, Susquehanna decreased their price objective on ASML from $1,100.00 to $965.00 and set a “positive” rating on the stock in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and an average price target of $906.00.

ASML Stock Performance

NASDAQ ASML opened at $732.49 on Friday. The company’s 50 day simple moving average is $686.48 and its two-hundred day simple moving average is $705.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99. ASML Holding has a 1 year low of $578.51 and a 1 year high of $1,110.09. The stock has a market capitalization of $288.18 billion, a PE ratio of 35.22, a P/E/G ratio of 1.62 and a beta of 1.75.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.12 by $0.19. The company had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. ASML had a return on equity of 47.73% and a net margin of 26.78%. Analysts predict that ASML Holding will post 25.17 earnings per share for the current fiscal 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.