Easterly Investment Partners LLC Trims Stock Position in ASML Holding N.V. $ASML

Easterly Investment Partners LLC reduced its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 31.2% during the fourth quarter, Holdings Channel reports. The firm owned 1,752 shares of the semiconductor company’s stock after selling 793 shares during the quarter. Easterly Investment Partners LLC’s holdings in ASML were worth $1,874,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. North Star Investment Management Corp. increased 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 purchasing an additional 11 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of ASML in the 4th quarter worth about $32,000. Binnacle Investments Inc grew its position 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 during the period. JPL Wealth Management LLC purchased a new stake in shares of ASML in the 3rd quarter worth about $34,000. Finally, Wealth Watch Advisors INC purchased a new stake in shares of ASML in the 3rd quarter worth about $34,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Price Performance

Shares of NASDAQ:ASML opened at $1,628.57 on Tuesday. The firm’s 50 day moving average price is $1,463.66 and its 200-day moving average price is $1,324.15. ASML Holding N.V. has a twelve month low of $683.48 and a twelve month high of $1,654.20. 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 stock has a market capitalization of $640.48 billion, a PE ratio of 58.41, a price-to-earnings-growth ratio of 1.32 and a beta of 1.82.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Barclays raised shares of ASML to a “buy” rating in a research report on Tuesday, May 19th. UBS Group reaffirmed a “buy” rating on shares of ASML in a research report on Wednesday, May 20th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $1,750.00 target price on shares of ASML in a research report on Thursday, April 16th. Finally, Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,504.38.

About ASML

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.