ASML Holding N.V. $ASML is HughesLittle Investment Management Ltd.’s 7th Largest Position

HughesLittle Investment Management Ltd. reduced its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 9.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 38,295 shares of the semiconductor company’s stock after selling 4,130 shares during the quarter. ASML makes up approximately 7.4% of HughesLittle Investment Management Ltd.’s investment portfolio, making the stock its 7th largest position. HughesLittle Investment Management Ltd.’s holdings in ASML were worth $40,970,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Manning & Napier Advisors LLC bought a new stake in shares of ASML during the 3rd quarter worth $25,000. Binnacle Investments Inc grew its position in ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 15 shares during the period. North Star Investment Management Corp. increased its holdings in ASML by 68.8% during the fourth 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 during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in ASML in the fourth quarter worth about $32,000. Finally, JPL Wealth Management LLC purchased a new position in ASML in the third quarter valued at about $34,000. Institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

Shares of ASML stock opened at $1,501.81 on Friday. The firm’s 50 day moving average is $1,414.78 and its 200 day moving average is $1,280.97. The stock has a market capitalization of $590.63 billion, a P/E ratio of 53.87, a PEG ratio of 1.23 and a beta of 1.81. ASML Holding N.V. has a 12 month low of $683.48 and a 12 month high of $1,603.49. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13.

ASML (NASDAQ:ASML) last released 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 business had revenue of $10.15 billion during the quarter. On average, sell-side analysts anticipate that ASML Holding N.V. will post 37.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ASML. Weiss Ratings raised shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Susquehanna reiterated a “positive” rating on shares of ASML in a research note on Thursday, April 9th. DZ Bank reissued a “neutral” rating on shares of ASML in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Finally, Citigroup reaffirmed a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given 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 stock has a consensus rating of “Moderate Buy” and an average target price of $1,504.38.

Key Stories Impacting ASML

Here are the key news stories impacting ASML this week:

• Positive Sentiment: ASML and Tata Electronics signed a deal to support an advanced chip fab project in Gujarat, India, highlighting new growth opportunities for ASML in a major emerging semiconductor market. Dutch chip giant ASML signs deal with Tata to power India semiconductor plant
• Positive Sentiment: Multiple reports said the Tata-ASML agreement strengthens India’s semiconductor push, which could boost long-term demand for ASML’s lithography systems. Tata Electronics partners with ASML for its $11Bn chip manufacturing project
• Positive Sentiment: Goldman Sachs reiterated its “Buy” rating on ASML, adding to investor confidence in the stock’s outlook. ASML’s (ASML) “Buy” Rating Reiterated at The Goldman Sachs Group
• Positive Sentiment: JPMorgan also reaffirmed its “Buy” rating, while brokerage coverage continues to point to a consensus “Moderate Buy” for ASML. ASML – JP Morgan reiterates its buy rating

ASML Company 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.