Tower View Wealth Management LLC Lowers Stake in ASML Holding N.V. (NASDAQ:ASML)

Tower View Wealth Management LLC lowered its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,858 shares of the semiconductor company’s stock after selling 134 shares during the quarter. ASML accounts for 2.3% of Tower View Wealth Management LLC’s investment portfolio, making the stock its 18th biggest position. Tower View Wealth Management LLC’s holdings in ASML were worth $3,882,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Putney Financial Group LLC raised its position in ASML by 322.2% in the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 29 shares during the period. Wellington Shields & Co. LLC boosted its stake in shares of ASML by 740.0% during the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 37 shares in the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in shares of ASML during the 4th quarter valued at about $31,000. Tradewinds Capital Management LLC boosted its stake in shares of ASML by 96.7% during the 4th quarter. Tradewinds Capital Management LLC now owns 59 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 29 shares in the last quarter. Finally, Investment Management Corp VA ADV bought a new stake in ASML during the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Trading Down 0.7%

ASML stock opened at $756.53 on Friday. The company has a market capitalization of $297.63 billion, a PE ratio of 31.88, a P/E/G ratio of 1.48 and a beta of 1.74. ASML Holding N.V. has a 12 month low of $578.51 and a 12 month high of $1,110.09. The firm’s 50-day moving average is $720.80 and its 200 day moving average is $717.02. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.52 and a quick ratio of 0.91.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, beating analysts’ consensus estimates of $6.12 by $0.19. The business had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. ASML had a net margin of 28.32% and a return on equity of 51.82%. On average, research analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ASML shares. Sanford C. Bernstein started coverage on shares of ASML in a research note on Tuesday. They set a “market perform” rating and a $806.00 price objective on the stock. Wells Fargo & Company reduced their target price on shares of ASML from $860.00 to $840.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Susquehanna dropped their price target on shares of ASML from $1,100.00 to $965.00 and set a “positive” rating for the company in a research report on Thursday, April 17th. Barclays reiterated an “equal weight” rating on shares of ASML in a research report on Tuesday, June 3rd. Finally, Citigroup restated a “buy” rating on shares of ASML in a research report on Monday, May 19th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and an average target price of $913.80.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.