HighPoint Advisor Group LLC Trims Stake in ASML Holding N.V. $ASML

HighPoint Advisor Group LLC reduced its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 27.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,364 shares of the semiconductor company’s stock after selling 1,276 shares during the period. HighPoint Advisor Group LLC’s holdings in ASML were worth $3,599,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ASML. Capital International Investors grew its position in shares of ASML by 17.3% during the 3rd quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock valued at $3,791,982,000 after purchasing an additional 577,448 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of ASML during the 3rd quarter valued at $505,510,000. Regents of The University of California purchased a new position in shares of ASML during the 3rd quarter valued at $413,335,000. WCM Investment Management LLC grew its position in shares of ASML by 24.9% during the 3rd quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock valued at $1,861,445,000 after purchasing an additional 385,502 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of ASML by 75.6% during the 3rd quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock valued at $765,632,000 after purchasing an additional 340,518 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Performance

NASDAQ:ASML opened at $1,565.81 on Tuesday. The business has a 50 day moving average of $1,403.69 and a 200 day moving average of $1,268.10. The company has a market capitalization of $615.80 billion, a price-to-earnings ratio of 56.16, a PEG ratio of 1.31 and a beta of 1.81. ASML Holding N.V. has a 1-year low of $683.48 and a 1-year high of $1,595.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78.

ASML (NASDAQ:ASML) last released its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The company had revenue of $10.15 billion during the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. On average, sell-side analysts predict that ASML Holding N.V. will post 37.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on ASML. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a research report on Wednesday, April 8th. TD Cowen restated a “buy” rating on shares of ASML in a research report on Wednesday, January 28th. Wall Street Zen lowered shares of ASML from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Citigroup reaffirmed a “buy” rating on shares of ASML in a report on Thursday, April 16th. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of ASML in a research note on Thursday, April 23rd. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and an average target price of $1,504.38.

About ASML

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.