Main Street Research LLC Trims Holdings in ASML Holding N.V. $ASML

Main Street Research LLC lessened its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,118 shares of the semiconductor company’s stock after selling 316 shares during the period. ASML comprises approximately 2.4% of Main Street Research LLC’s holdings, making the stock its 18th largest holding. Main Street Research LLC’s holdings in ASML were worth $42,921,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ASML. Binnacle Investments Inc increased its holdings in ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 15 shares during the period. North Star Investment Management Corp. boosted its position in ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 11 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in ASML during the 4th quarter valued at approximately $32,000. JPL Wealth Management LLC bought a new stake in ASML during the 3rd quarter valued at approximately $34,000. Finally, Wealth Watch Advisors INC bought a new stake in ASML during the 3rd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

Shares of ASML opened at $1,632.90 on Monday. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average price is $1,433.13 and its 200-day moving average price is $1,299.30. ASML Holding N.V. has a 52 week low of $683.48 and a 52 week high of $1,653.53. The stock has a market cap of $642.19 billion, a P/E ratio of 58.57, a P/E/G ratio of 1.34 and a beta of 1.81.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS 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 for the quarter. Equities research analysts anticipate that ASML Holding N.V. will post 37.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on ASML shares. Sanford C. Bernstein reaffirmed a “buy” rating on shares of ASML in a research report on Thursday, April 23rd. TD Cowen reaffirmed a “buy” rating on shares of ASML in a research report on Wednesday, January 28th. Weiss Ratings raised ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research report on Wednesday, April 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,504.38.

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.