ASML Holding (NASDAQ:ASML) Position Lowered by Bank of America Corp DE

Bank of America Corp DE trimmed its holdings in ASML Holding (NASDAQ:ASML - Free Report) by 11.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,757,542 shares of the semiconductor company's stock after selling 223,720 shares during the period. Bank of America Corp DE owned 0.45% of ASML worth $1,218,117,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kennebec Savings Bank raised its position in ASML by 227.3% in the fourth quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 25 shares during the period. Wellington Shields & Co. LLC grew its holdings in ASML by 740.0% during the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 37 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new stake in ASML in the fourth quarter valued at $31,000. Albion Financial Group UT boosted its holdings in shares of ASML by 133.3% in the 4th quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company's stock valued at $39,000 after buying an additional 32 shares in the last quarter. Finally, Roxbury Financial LLC purchased a new position in shares of ASML during the fourth quarter worth approximately $39,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ASML. DZ Bank raised ASML from a "hold" rating to a "buy" rating in a report on Thursday, January 30th. Wells Fargo & Company cut their price objective on shares of ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. lowered their target price on shares of ASML from $1,148.00 to $1,100.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Finally, Susquehanna cut their price target on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, ASML presently has an average rating of "Moderate Buy" and a consensus target price of $906.00.

ASML Price Performance

Shares of NASDAQ:ASML traded up $20.40 during trading on Wednesday, hitting $700.39. 1,041,025 shares of the stock were exchanged, compared to its average volume of 1,641,633. The company has a market cap of $275.55 billion, a PE ratio of 33.67, a P/E/G ratio of 1.62 and a beta of 1.75. 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 company has a fifty day moving average price of $679.24 and a two-hundred day moving average price of $701.99. ASML Holding has a 12-month low of $578.51 and a 12-month high of $1,110.09.

ASML (NASDAQ:ASML - Get Free Report) last announced 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 firm had revenue of $8.77 billion for the quarter, compared to analysts' expectations of $7.90 billion. ASML had a return on equity of 47.73% and a net margin of 26.78%. On average, analysts forecast that ASML Holding will post 25.17 EPS for the current year.

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.