First Trust Advisors LP cut its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 22.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,086 shares of the semiconductor company’s stock after selling 14,574 shares during the quarter. First Trust Advisors LP’s holdings in ASML Holding N.V. were worth $8,404,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Sit Investment Associates Inc. boosted its holdings in ASML Holding N.V. by 53.4% during the 2nd quarter. Sit Investment Associates Inc. now owns 1,726 shares of the semiconductor company’s stock valued at $225,000 after acquiring an additional 601 shares during the period. American Trust Investment Advisors LLC purchased a new stake in ASML Holding N.V. in the 2nd quarter worth approximately $229,000. Adviser Investments LLC purchased a new stake in ASML Holding N.V. in the 3rd quarter worth approximately $229,000. Mckinley Capital Management LLC Delaware purchased a new stake in ASML Holding N.V. in the 2nd quarter worth approximately $265,000. Finally, Seven Bridges Advisors LLC lifted its holdings in ASML Holding N.V. by 10.1% in the 2nd quarter. Seven Bridges Advisors LLC now owns 2,201 shares of the semiconductor company’s stock worth $287,000 after buying an additional 201 shares during the period. Hedge funds and other institutional investors own 16.13% of the company’s stock.
Shares of ASML Holding N.V. (NASDAQ:ASML) opened at $179.60 on Monday. ASML Holding N.V. has a twelve month low of $98.71 and a twelve month high of $185.39. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.57 and a quick ratio of 1.57. The stock has a market capitalization of $77,217.41, a PE ratio of 35.56, a PEG ratio of 1.65 and a beta of 1.16.
ASML Holding N.V. (NASDAQ:ASML) last issued its earnings results on Wednesday, October 18th. The semiconductor company reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.24. ASML Holding N.V. had a return on equity of 19.82% and a net margin of 23.81%. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The business’s revenue was up 34.8% compared to the same quarter last year. research analysts anticipate that ASML Holding N.V. will post 5.17 EPS for the current fiscal year.
ASML Holding N.V. announced that its Board of Directors has authorized a stock buyback program on Wednesday, July 19th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the semiconductor company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
A number of research analysts have recently commented on the company. Zacks Investment Research cut ASML Holding N.V. from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. B. Riley raised their price objective on ASML Holding N.V. from $162.00 to $166.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. Credit Suisse Group raised their price objective on ASML Holding N.V. from $140.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. BNP Paribas raised ASML Holding N.V. from a “neutral” rating to an “outperform” rating in a research report on Thursday, October 12th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $210.00 target price on shares of ASML Holding N.V. in a report on Tuesday, October 3rd. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. ASML Holding N.V. presently has a consensus rating of “Buy” and a consensus target price of $178.29.
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About ASML Holding N.V.
ASML Holding N.V. is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling and servicing of semiconductor equipment systems, consisting of lithography systems. The Company’s products include systems, and installed base products and services.
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