ASML Holding N.V. $ASML Stake Cut by Meritage Portfolio Management

Meritage Portfolio Management lessened its holdings in ASML Holding N.V. (NASDAQ:ASML) by 36.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,913 shares of the semiconductor company’s stock after selling 8,381 shares during the quarter. ASML makes up about 1.0% of Meritage Portfolio Management’s investment portfolio, making the stock its 17th largest holding. Meritage Portfolio Management’s holdings in ASML were worth $14,437,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. HBK Sorce Advisory LLC boosted its holdings in shares of ASML by 1.0% in the 3rd quarter. HBK Sorce Advisory LLC now owns 1,057 shares of the semiconductor company’s stock valued at $1,067,000 after buying an additional 10 shares during the period. Albion Financial Group UT lifted its holdings in ASML by 27.8% in the third quarter. Albion Financial Group UT now owns 46 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 10 shares during the last quarter. Western Pacific Wealth Management LP boosted its stake in ASML by 4.9% in the third quarter. Western Pacific Wealth Management LP now owns 235 shares of the semiconductor company’s stock valued at $228,000 after acquiring an additional 11 shares during the period. Wealth Quarterback LLC grew its holdings in shares of ASML by 0.8% during the third quarter. Wealth Quarterback LLC now owns 1,527 shares of the semiconductor company’s stock valued at $1,478,000 after purchasing an additional 12 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of ASML by 4.3% during the second quarter. UMB Bank n.a. now owns 317 shares of the semiconductor company’s stock valued at $254,000 after purchasing an additional 13 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Price Performance

Shares of NASDAQ ASML opened at $1,263.72 on Thursday. The stock has a market cap of $497.00 billion, a P/E ratio of 51.43, a P/E/G ratio of 1.88 and a beta of 1.86. The firm’s 50-day simple moving average is $1,088.57 and its 200 day simple moving average is $935.13. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,291.48. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.27 by $0.14. The firm had revenue of $8.80 billion during the quarter, compared to analyst estimates of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. ASML’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.28 EPS. Equities analysts expect that ASML Holding N.V. will post 25.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Rothschild Redb upgraded ASML from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Barclays reissued a “neutral” rating on shares of ASML in a report on Wednesday, December 17th. Hsbc Global Res raised shares of ASML to a “strong-buy” rating in a report on Monday, October 6th. Morningstar downgraded shares of ASML to a “hold” rating in a research report on Thursday, September 18th. Finally, UBS Group restated a “buy” rating on shares of ASML in a research report on Thursday, December 11th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and an average target price of $1,345.29.

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.