ASML Holding N.V. (NASDAQ:ASML) Shares Sold by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC reduced its holdings in ASML Holding N.V. (NASDAQ:ASML) by 5.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,324 shares of the semiconductor company’s stock after selling 70 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in ASML were worth $877,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of ASML by 70,115.5% during the first quarter. GAMMA Investing LLC now owns 1,400,800 shares of the semiconductor company’s stock valued at $9,282,120,000 after purchasing an additional 1,398,805 shares during the last quarter. Edgewood Management LLC boosted its position in ASML by 43.1% during the 4th quarter. Edgewood Management LLC now owns 3,186,667 shares of the semiconductor company’s stock valued at $2,208,615,000 after purchasing an additional 959,696 shares during the period. Amundi grew its stake in ASML by 4,880.5% during the 4th quarter. Amundi now owns 335,284 shares of the semiconductor company’s stock worth $247,019,000 after buying an additional 328,552 shares during the last quarter. Wellington Management Group LLP increased its position in ASML by 53.4% in the fourth quarter. Wellington Management Group LLP now owns 807,257 shares of the semiconductor company’s stock worth $559,494,000 after buying an additional 281,156 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in ASML in the fourth quarter valued at $175,257,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ASML shares. Susquehanna cut their price objective on shares of ASML from $1,100.00 to $965.00 and set a “positive” rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company cut their price target on ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Sanford C. Bernstein began coverage on ASML in a research report on Tuesday. They set a “market perform” rating and a $806.00 price objective for the company. Barclays restated an “equal weight” rating on shares of ASML in a research report on Tuesday, June 3rd. Finally, Citigroup reaffirmed a “buy” rating on shares of ASML in a research note on Monday, May 19th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $913.80.

ASML Stock Down 2.0%

ASML opened at $759.86 on Wednesday. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,110.09. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.52. The business has a 50 day moving average price of $715.32 and a 200 day moving average price of $716.10. The firm has a market cap of $298.94 billion, a P/E ratio of 32.02, a price-to-earnings-growth ratio of 1.51 and a beta of 1.74.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.12 by $0.19. ASML had a net margin of 28.32% and a return on equity of 51.82%. The business had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $7.90 billion. Research analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current 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.