Northwestern Mutual Wealth Management Co. Sells 16,905 Shares of ASML Holding N.V. $ASML

Northwestern Mutual Wealth Management Co. reduced its stake in ASML Holding N.V. (NASDAQ:ASMLFree Report) by 34.3% during the fourth quarter, HoldingsChannel reports. The fund owned 32,452 shares of the semiconductor company’s stock after selling 16,905 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in ASML were worth $34,719,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Fisher Asset Management LLC grew its stake in shares of ASML by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company’s stock worth $4,798,268,000 after acquiring an additional 132,353 shares during the last quarter. Capital International Investors grew its stake in shares of ASML by 17.3% in the third quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock worth $3,791,982,000 after acquiring an additional 577,448 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of ASML by 16.6% in the third quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock worth $2,079,948,000 after acquiring an additional 305,435 shares during the last quarter. WCM Investment Management LLC grew its stake in shares of ASML by 24.9% in the third quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock worth $1,861,445,000 after acquiring an additional 385,502 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in ASML by 8.3% in the third quarter. Bank of America Corp DE now owns 1,865,254 shares of the semiconductor company’s stock worth $1,805,733,000 after buying an additional 142,763 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ASML shares. Wall Street Zen cut shares of ASML from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Sanford C. Bernstein reiterated a “buy” rating on shares of ASML in a research note on Monday, May 25th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML in a research note on Friday, May 15th. The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a report on Wednesday, May 13th. Finally, UBS Group reaffirmed a “buy” rating on shares of ASML in a report on Wednesday, May 20th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,504.38.

Get Our Latest Research Report on ASML

ASML Trading Up 0.4%

Shares of NASDAQ:ASML opened at $1,612.76 on Friday. The company has a market cap of $634.27 billion, a P/E ratio of 57.85, a PEG ratio of 1.32 and a beta of 1.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. ASML Holding N.V. has a 1 year low of $683.48 and a 1 year high of $1,654.20. The stock’s fifty day moving average price is $1,458.41 and its 200-day moving average price is $1,317.91.

ASML (NASDAQ:ASMLGet Free Report) last posted its earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The business had revenue of $10.15 billion during the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. Sell-side analysts expect that ASML Holding N.V. will post 37.1 earnings per share for the current year.

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ASML Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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