World Asset Management Inc trimmed its position in shares of ASML Holding NV (NASDAQ:ASML) by 15.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,978 shares of the semiconductor company’s stock after selling 1,984 shares during the quarter. World Asset Management Inc’s holdings in ASML were worth $2,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ASML. Smithfield Trust Co. bought a new position in ASML in the 2nd quarter worth $104,000. Nomura Asset Management Co. Ltd. bought a new position in ASML in the 2nd quarter worth $201,000. Cubist Systematic Strategies LLC bought a new position in ASML in the 1st quarter worth $202,000. Cox Capital Co LLC bought a new position in ASML in the 2nd quarter worth $205,000. Finally, Brown Advisory Inc. bought a new position in ASML in the 1st quarter worth $222,000. 16.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ASML stock opened at $174.28 on Friday. ASML Holding NV has a 52-week low of $168.30 and a 52-week high of $221.66. The company has a quick ratio of 1.77, a current ratio of 2.73 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $80.20 billion, a price-to-earnings ratio of 31.29, a price-to-earnings-growth ratio of 1.44 and a beta of 1.03.
ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, July 18th. The semiconductor company reported $1.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.20. ASML had a return on equity of 22.51% and a net margin of 23.86%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the business posted $1.08 EPS. ASML’s revenue for the quarter was up 30.4% compared to the same quarter last year. Analysts expect that ASML Holding NV will post 6.98 EPS for the current year.
A number of equities analysts recently commented on ASML shares. Royal Bank of Canada reaffirmed a “buy” rating on shares of ASML in a report on Friday, June 15th. Sanford C. Bernstein started coverage on ASML in a report on Tuesday, June 19th. They issued a “market perform” rating on the stock. BidaskClub cut ASML from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 20th. DZ Bank reaffirmed a “sell” rating on shares of ASML in a report on Friday, June 22nd. Finally, Zacks Investment Research cut ASML from a “hold” rating to a “sell” rating in a report on Monday, June 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $217.25.
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells three categories of products, including DUV lithography, EUV lithography, and Holistic lithography solutions.
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