Clearbridge Investments LLC Sells 2,558 Shares of ASML Holding N.V. $ASML

Clearbridge Investments LLC lowered its position in ASML Holding N.V. (NASDAQ:ASML) by 0.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,157,608 shares of the semiconductor company’s stock after selling 2,558 shares during the quarter. ASML accounts for about 1.0% of Clearbridge Investments LLC’s holdings, making the stock its 14th largest position. Clearbridge Investments LLC owned 0.29% of ASML worth $1,238,478,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Binnacle Investments Inc raised its holdings in shares of ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after buying an additional 15 shares in the last quarter. North Star Investment Management Corp. raised its holdings in shares of ASML by 68.8% in the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after buying an additional 11 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of ASML in the 4th quarter worth approximately $32,000. Evolution Wealth Management Inc. acquired a new position in shares of ASML in the 4th quarter worth approximately $33,000. Finally, JPL Wealth Management LLC acquired a new position in shares of ASML in the 3rd quarter worth approximately $34,000. Institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ASML shares. DZ Bank reissued a “neutral” rating on shares of ASML in a report on Wednesday, April 15th. Citigroup reissued a “buy” rating on shares of ASML in a report on Thursday, April 16th. Morningstar cut ASML to a “sell” rating in a report on Wednesday, May 27th. Berenberg Bank reissued a “buy” rating on shares of ASML in a report on Friday, May 8th. Finally, Barclays reissued an “overweight” rating on shares of ASML in a report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,589.63.

ASML Trading Down 6.6%

ASML stock opened at $1,641.74 on Friday. The business has a fifty day moving average price of $1,490.67 and a 200 day moving average price of $1,341.23. ASML Holding N.V. has a fifty-two week low of $683.48 and a fifty-two week high of $1,779.29. The stock has a market capitalization of $645.66 billion, a price-to-earnings ratio of 58.89, a P/E/G ratio of 1.35 and a beta of 1.82. 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 quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The firm had revenue of $10.15 billion during the quarter. Analysts expect that ASML Holding N.V. will post 36.93 EPS for the current fiscal year.

ASML 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.