Northwestern Mutual Wealth Management Co. Sells 42,328 Shares of ASML Holding N.V. $ASML

Northwestern Mutual Wealth Management Co. lessened its holdings in ASML Holding N.V. (NASDAQ:ASML) by 85.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,029 shares of the semiconductor company’s stock after selling 42,328 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in ASML were worth $7,520,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Family Capital Management Inc. increased its holdings in ASML by 0.8% in the 4th quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock valued at $983,000 after buying an additional 7 shares during the period. Sky Investment Group LLC grew its holdings in shares of ASML by 2.1% in the 4th quarter. Sky Investment Group LLC now owns 384 shares of the semiconductor company’s stock worth $411,000 after purchasing an additional 8 shares during the last quarter. BOS Asset Management LLC grew its holdings in shares of ASML by 2.4% in the 4th quarter. BOS Asset Management LLC now owns 377 shares of the semiconductor company’s stock worth $403,000 after purchasing an additional 9 shares during the last quarter. Foster Victor Wealth Advisors LLC grew its holdings in shares of ASML by 1.2% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 765 shares of the semiconductor company’s stock worth $818,000 after purchasing an additional 9 shares during the last quarter. Finally, Global Assets Advisory LLC grew its holdings in shares of ASML by 2.3% in the 3rd quarter. Global Assets Advisory LLC now owns 452 shares of the semiconductor company’s stock worth $438,000 after purchasing an additional 10 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ASML. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $1,750.00 target price on shares of ASML in a report on Thursday, April 16th. Freedom Capital raised shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Barclays raised shares of ASML to a “buy” rating in a report on Tuesday. Zacks Research lowered shares of ASML from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Susquehanna reaffirmed a “positive” rating on shares of ASML in a report on Thursday, April 9th. Three research 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 issued a Sell rating to the company. According to data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,504.38.

ASML Stock Up 2.6%

Shares of NASDAQ ASML opened at $1,632.90 on Friday. The firm’s 50-day simple moving average is $1,433.13 and its 200 day simple moving average is $1,297.67. The company has a market cap of $642.19 billion, a price-to-earnings ratio of 58.57, a price-to-earnings-growth ratio of 1.31 and a beta of 1.81. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. ASML Holding N.V. has a 12-month low of $683.48 and a 12-month high of $1,653.53.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The business had revenue of $10.15 billion for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. On average, research analysts expect that ASML Holding N.V. will post 37.1 earnings per share for the current fiscal year.

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.