Cresset Asset Management LLC Cuts Position in ASML Holding (NASDAQ:ASML)

Cresset Asset Management LLC decreased its position in shares of ASML Holding (NASDAQ:ASML - Free Report) by 68.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,775 shares of the semiconductor company's stock after selling 16,513 shares during the period. Cresset Asset Management LLC's holdings in ASML were worth $5,389,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

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

ASML Trading Up 1.1 %

ASML opened at $708.03 on Friday. The stock has a market cap of $278.55 billion, a PE ratio of 34.04, a PEG ratio of 1.62 and a beta of 1.75. The business has a 50 day moving average of $679.23 and a 200-day moving average of $701.94. ASML Holding has a 52 week low of $578.51 and a 52 week high of $1,110.09. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20.

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 net margin of 26.78% and a return on equity of 47.73%. Equities research analysts predict that ASML Holding will post 25.17 earnings per share for the current fiscal 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.

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