ASML Holding (NASDAQ:ASML) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV trimmed its holdings in ASML Holding (NASDAQ:ASML - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,162 shares of the semiconductor company's stock after selling 488 shares during the period. Mercer Global Advisors Inc. ADV's holdings in ASML were worth $15,360,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Carnegie Investment Counsel raised its position in ASML by 68.9% in the fourth quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company's stock valued at $1,475,000 after purchasing an additional 868 shares during the period. Central Pacific Bank Trust Division acquired a new position in ASML during the 4th quarter worth approximately $1,174,000. Foundations Investment Advisors LLC boosted its holdings in ASML by 36.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 26,322 shares of the semiconductor company's stock worth $18,243,000 after acquiring an additional 7,073 shares during the period. Fifth Third Bancorp grew its position in ASML by 12.2% in the fourth quarter. Fifth Third Bancorp now owns 9,759 shares of the semiconductor company's stock valued at $6,764,000 after acquiring an additional 1,062 shares in the last quarter. Finally, Alpha Cubed Investments LLC raised its stake in shares of ASML by 33.9% during the fourth quarter. Alpha Cubed Investments LLC now owns 81,564 shares of the semiconductor company's stock valued at $56,530,000 after purchasing an additional 20,651 shares during the period. Institutional investors and hedge funds own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

ASML has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on ASML from $1,148.00 to $1,100.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Wells Fargo & Company cut their target price on ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Susquehanna decreased 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. Finally, DZ Bank raised shares of ASML from a "hold" rating to a "buy" rating in a report on Thursday, January 30th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, ASML has a consensus rating of "Moderate Buy" and a consensus price target of $906.00.

ASML Stock Performance

ASML traded down $6.97 on Monday, hitting $683.36. 903,690 shares of the company's stock were exchanged, compared to its average volume of 1,639,590. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average of $680.84 and a two-hundred day moving average of $702.41. ASML Holding has a twelve month low of $578.51 and a twelve month high of $1,110.09. The firm has a market cap of $268.85 billion, a PE ratio of 32.85, a P/E/G ratio of 1.62 and a beta of 1.75.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 47.73% and a net margin of 26.78%. On average, research analysts anticipate that ASML Holding will post 25.17 earnings per share for the current fiscal year.

ASML Company 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.