Nixon Peabody Trust Co. Trims Holdings in ASML Holding N.V. $ASML

Nixon Peabody Trust Co. decreased its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 7.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,773 shares of the semiconductor company’s stock after selling 1,001 shares during the period. ASML accounts for about 1.2% of Nixon Peabody Trust Co.’s investment portfolio, making the stock its 21st largest position. Nixon Peabody Trust Co.’s holdings in ASML were worth $15,550,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Family Capital Management Inc. raised its position in shares of ASML by 0.8% during the 4th quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock valued at $983,000 after purchasing an additional 7 shares during the period. 44 Wealth Management LLC boosted its holdings in ASML by 1.1% in the 4th quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock worth $703,000 after buying an additional 7 shares during the period. Evolution Wealth Management Inc. increased its stake in ASML by 22.6% in the 1st quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company’s stock worth $50,000 after buying an additional 7 shares in the last quarter. Sky Investment Group LLC increased its stake in ASML by 2.1% in the 4th quarter. Sky Investment Group LLC now owns 384 shares of the semiconductor company’s stock worth $411,000 after buying an additional 8 shares in the last quarter. Finally, White Lighthouse Investment Management Inc. raised its holdings in ASML by 2.2% during the fourth quarter. White Lighthouse Investment Management Inc. now owns 365 shares of the semiconductor company’s stock valued at $390,000 after acquiring an additional 8 shares during the period. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ASML has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, April 16th. UBS Group reissued a “buy” rating on shares of ASML in a research note on Wednesday. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a report on Monday, June 1st. Morningstar downgraded ASML to a “sell” rating in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of ASML from $1,813.00 to $2,200.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,772.62.

ASML Price Performance

NASDAQ:ASML opened at $1,769.32 on Friday. The business’s 50-day moving average is $1,668.56 and its 200 day moving average is $1,450.06. ASML Holding N.V. has a 12 month low of $683.48 and a 12 month high of $1,999.96. The company has a market capitalization of $695.84 billion, a P/E ratio of 63.46, a P/E/G ratio of 1.34 and a beta of 1.78. 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 results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The business 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, equities research analysts forecast that ASML Holding N.V. will post 36.62 earnings per share for the current fiscal year.

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.