WCM Investment Management LLC Sells 12,175 Shares of ASML Holding N.V. $ASML

WCM Investment Management LLC trimmed its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,548,246 shares of the semiconductor company’s stock after selling 12,175 shares during the quarter. ASML accounts for approximately 2.8% of WCM Investment Management LLC’s investment portfolio, making the stock its 13th largest holding. WCM Investment Management LLC owned approximately 0.39% of ASML worth $1,232,327,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Turtle Creek Wealth Advisors LLC bought a new stake in shares of ASML during the second quarter worth $1,503,000. Nvest Financial LLC lifted its position in shares of ASML by 32.0% during the second quarter. Nvest Financial LLC now owns 1,162 shares of the semiconductor company’s stock worth $931,000 after purchasing an additional 282 shares during the last quarter. Alta Capital Management LLC lifted its position in shares of ASML by 3.3% during the second quarter. Alta Capital Management LLC now owns 50,792 shares of the semiconductor company’s stock worth $40,704,000 after purchasing an additional 1,634 shares during the last quarter. Callahan Advisors LLC lifted its position in shares of ASML by 17.4% during the second quarter. Callahan Advisors LLC now owns 11,904 shares of the semiconductor company’s stock worth $9,540,000 after purchasing an additional 1,760 shares during the last quarter. Finally, Mutual Advisors LLC raised its holdings in shares of ASML by 0.8% in the second quarter. Mutual Advisors LLC now owns 2,165 shares of the semiconductor company’s stock valued at $1,735,000 after acquiring an additional 18 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ASML. Arete Research upgraded ASML to a “strong-buy” rating in a report on Friday, September 12th. Hsbc Global Res upgraded ASML to a “strong-buy” rating in a report on Monday, October 6th. Morgan Stanley upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Monday, September 22nd. Susquehanna lifted their price objective on ASML from $965.00 to $1,150.00 and gave the company a “positive” rating in a report on Friday, October 10th. Finally, Citigroup restated a “buy” rating on shares of ASML in a report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and a consensus price target of $1,001.60.

ASML Stock Performance

Shares of ASML stock opened at $1,009.81 on Thursday. The company has a market capitalization of $397.14 billion, a PE ratio of 42.15, a P/E/G ratio of 1.66 and a beta of 1.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.81 and a current ratio of 1.43. The company has a 50-day simple moving average of $852.01 and a two-hundred day simple moving average of $768.34. ASML Holding N.V. has a one year low of $578.51 and a one year high of $1,059.00.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 EPS for the quarter, missing analysts’ consensus estimates of $5.94 by ($1.39). The firm had revenue of $8.94 billion during the quarter, compared to the consensus estimate of $8.72 billion. ASML had a return on equity of 49.47% and a net margin of 26.95%.The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.01 earnings per share. Research analysts expect that ASML Holding N.V. will post 25.17 EPS 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.