HB Wealth Management LLC Sells 1,162 Shares of ASML Holding N.V. $ASML

HB Wealth Management LLC trimmed its holdings in ASML Holding N.V. (NASDAQ:ASML) by 18.3% in the first quarter, Holdings Channel reports. The fund owned 5,204 shares of the semiconductor company’s stock after selling 1,162 shares during the period. HB Wealth Management LLC’s holdings in ASML were worth $6,874,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ASML. Family Capital Management Inc. raised its position in shares of ASML by 0.8% during the fourth quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock worth $983,000 after purchasing an additional 7 shares during the period. 44 Wealth Management LLC grew its position in shares of ASML by 1.1% in the 4th quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock valued at $703,000 after purchasing an additional 7 shares during the period. Sky Investment Group LLC grew its position 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 valued at $411,000 after purchasing an additional 8 shares during the period. White Lighthouse Investment Management Inc. increased its stake in ASML by 2.2% during the 4th quarter. White Lighthouse Investment Management Inc. now owns 365 shares of the semiconductor company’s stock worth $390,000 after purchasing an additional 8 shares in the last quarter. Finally, Main Management ETF Advisors LLC increased its stake in ASML by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 783 shares of the semiconductor company’s stock worth $838,000 after purchasing an additional 8 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on ASML shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Royal Bank Of Canada increased their price objective on shares of ASML from $1,625.00 to $1,700.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Morgan Stanley restated an “overweight” rating on shares of ASML in a report on Wednesday, June 3rd. Susquehanna reaffirmed a “positive” rating on shares of ASML in a research report on Tuesday. Finally, Morningstar cut shares of ASML to a “sell” rating in a research report on Wednesday, May 27th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, ASML presently has an average rating of “Moderate Buy” and an average price target of $1,772.62.

ASML Price Performance

Shares of ASML stock opened at $1,769.32 on Friday. The firm has a market cap of $695.84 billion, a PE ratio of 63.46, a P/E/G ratio of 1.34 and a beta of 1.78. The business’s 50 day simple moving average is $1,668.56 and its 200 day simple moving average is $1,450.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. ASML Holding N.V. has a 52-week low of $683.48 and a 52-week high of $1,999.96.

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. The firm 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, analysts predict that ASML Holding N.V. will post 36.62 earnings per share 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.