ASML Holding N.V. $ASML Shares Sold by Alta Capital Management LLC

Alta Capital Management LLC trimmed its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 19.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 39,555 shares of the semiconductor company’s stock after selling 9,424 shares during the period. ASML accounts for approximately 2.8% of Alta Capital Management LLC’s holdings, making the stock its 11th largest holding. Alta Capital Management LLC’s holdings in ASML were worth $42,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Capital International Investors lifted 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 buying 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 approximately $505,510,000. Regents of The University of California purchased a new position in shares of ASML during the 3rd quarter valued at approximately $413,335,000. WCM Investment Management LLC lifted 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 buying an additional 385,502 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of ASML by 75.6% in the third 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 during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Trading Down 2.0%

Shares of ASML stock opened at $1,472.39 on Tuesday. The stock’s fifty day moving average is $1,416.86 and its two-hundred day moving average is $1,285.48. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. The firm has a market capitalization of $579.06 billion, a P/E ratio of 52.81, a PEG ratio of 1.23 and a beta of 1.81. ASML Holding N.V. has a fifty-two week low of $683.48 and a fifty-two week high of $1,603.49.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The company had revenue of $10.15 billion for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. Research analysts expect that ASML Holding N.V. will post 37.09 earnings per share for the current fiscal year.

More ASML News

Here are the key news stories impacting ASML this week:

• Positive Sentiment: ASML announced a partnership with Tata Electronics tied to India’s $11 billion Dholera 300mm fab, expanding ASML’s footprint in a major new semiconductor market and creating a potential pipeline for future DUV-to-EUV tool sales. ASML Expands Globally, Joins Tata for India Semiconductor Hub
• Positive Sentiment: ASML reported transactions under its current share buyback program, which signals continued capital return to shareholders and can help cushion the stock. ASML reports transactions under its current share buyback program
• Neutral Sentiment: A Zacks piece highlighted Wall Street’s generally bullish view on ASML, but it did not include a new rating change or fresh earnings update, so it is unlikely to be a major near-term stock driver. Is It Worth Investing in ASML Based on Wall Street’s Bullish Views?

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, April 16th. UBS Group reiterated a “buy” rating on shares of ASML in a research note on Thursday, April 23rd. JPMorgan Chase & Co. reissued a “buy” rating on shares of ASML in a report on Friday. Freedom Capital raised ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. Finally, Royal Bank Of Canada boosted their price target on ASML from $1,625.00 to $1,700.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,504.38.

ASML Company Profile

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.