Ritholtz Wealth Management Sells 1,866 Shares of ASML Holding (NASDAQ:ASML)

Ritholtz Wealth Management lessened its holdings in ASML Holding (NASDAQ:ASML) by 20.1% during the 4th quarter, HoldingsChannel reports. The firm owned 7,415 shares of the semiconductor company’s stock after selling 1,866 shares during the period. Ritholtz Wealth Management’s holdings in ASML were worth $5,139,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Central Pacific Bank Trust Division bought a new stake in ASML in the fourth quarter worth $1,174,000. Taurus Asset Management LLC bought a new position in ASML during the third quarter valued at $16,994,000. State Street Corp increased its position in ASML by 5.2% during the third quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock valued at $117,323,000 after acquiring an additional 7,010 shares during the last quarter. Stockman Wealth Management Inc. increased its position in ASML by 7.2% during the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock valued at $12,800,000 after acquiring an additional 1,032 shares during the last quarter. Finally, US Bancorp DE increased its position in ASML by 7.5% during the third quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock valued at $39,664,000 after acquiring an additional 3,321 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Stock Up 3.3 %

NASDAQ:ASML opened at $750.28 on Friday. ASML Holding has a 1-year low of $645.45 and a 1-year high of $1,110.09. The company has a 50-day moving average of $703.52 and a 200 day moving average of $801.32. The firm has a market cap of $295.18 billion, a PE ratio of 39.28, a price-to-earnings-growth ratio of 2.30 and a beta of 1.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating the consensus estimate of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The business had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. As a group, research analysts anticipate that ASML Holding will post 20.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ASML has been the topic of a number of analyst reports. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. BNP Paribas assumed coverage on shares of ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective on the stock. Sanford C. Bernstein lowered their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. Susquehanna lowered their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. Finally, Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $955.50.

ASML Profile

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.