AlTi Global Inc. Grows Position in ASML Holding (NASDAQ:ASML)

AlTi Global Inc. grew its holdings in ASML Holding (NASDAQ:ASML - Free Report) by 431.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,424 shares of the semiconductor company's stock after purchasing an additional 1,156 shares during the period. AlTi Global Inc.'s holdings in ASML were worth $987,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ASML. Carnegie Investment Counsel increased its position in shares of ASML by 68.9% during the fourth quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company's stock worth $1,475,000 after acquiring an additional 868 shares during the period. Central Pacific Bank Trust Division bought a new position in ASML during the 4th quarter worth about $1,174,000. Foundations Investment Advisors LLC increased its position in ASML by 36.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 26,322 shares of the semiconductor company's stock valued at $18,243,000 after purchasing an additional 7,073 shares during the period. Fifth Third Bancorp raised its holdings in shares of ASML by 12.2% in the 4th quarter. Fifth Third Bancorp now owns 9,759 shares of the semiconductor company's stock valued at $6,764,000 after purchasing an additional 1,062 shares in the last quarter. Finally, Alpha Cubed Investments LLC lifted its position in shares of ASML by 33.9% in the 4th quarter. Alpha Cubed Investments LLC now owns 81,564 shares of the semiconductor company's stock worth $56,530,000 after purchasing an additional 20,651 shares during the period. 26.07% of the stock is currently owned by institutional investors.

ASML Stock Performance

ASML stock traded down $2.14 during midday trading on Tuesday, hitting $681.22. 762,889 shares of the company were exchanged, compared to its average volume of 1,636,103. ASML Holding has a fifty-two week low of $578.51 and a fifty-two week high of $1,110.09. The firm has a market capitalization of $268.01 billion, a PE ratio of 32.75, a price-to-earnings-growth ratio of 1.62 and a beta of 1.75. The business has a fifty day simple moving average of $679.56 and a two-hundred day simple moving average of $702.13. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53.

ASML (NASDAQ:ASML - Get Free Report) last posted its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, beating the consensus estimate of $6.12 by $0.19. The firm had revenue of $8.77 billion during the quarter, compared to analyst estimates of $7.90 billion. ASML had a net margin of 26.78% and a return on equity of 47.73%. On average, sell-side analysts forecast that ASML Holding will post 25.17 earnings per share for the current year.

Wall Street Analyst Weigh In

ASML has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Susquehanna decreased their price objective on ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. DZ Bank upgraded ASML from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. decreased their price target on shares of ASML from $1,148.00 to $1,100.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $906.00.

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.