Horizon Investments LLC Sells 1,255 Shares of ASML Holding N.V. $ASML

Key Points

• Horizon Investments LLC reduced its stake in ASML by 27.7% in Q4, selling 1,255 shares and retaining 3,268 shares worth $3.496 million, according to its SEC filing.
• Several large institutions—including Fisher Asset Management, Capital International, VanEck, WCM and Bank of America—reported significant additions to their ASML positions in Q3, and institutional investors now own about 26.07% of the stock.
• ASML trades near $1,386 with a market cap of $545.17 billion and a P/E of 49.72; analysts have a consensus rating of Moderate Buy and an average target price of $1,504.38.

Horizon Investments LLC reduced its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 27.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,268 shares of the semiconductor company's stock after selling 1,255 shares during the quarter. Horizon Investments LLC's holdings in ASML were worth $3,496,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its holdings in ASML by 2.6% during the 3rd quarter. Fisher Asset Management LLC now owns 4,352,596 shares of the semiconductor company's stock worth $4,213,705,000 after purchasing an additional 108,342 shares during the last quarter. Capital International Investors raised its holdings in ASML by 17.3% during the 3rd quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company's stock worth $3,791,982,000 after purchasing an additional 577,448 shares during the last quarter. Van ECK Associates Corp raised its holdings in ASML by 16.6% during the 3rd quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company's stock worth $2,079,948,000 after purchasing an additional 305,435 shares during the last quarter. WCM Investment Management LLC raised its holdings in ASML by 24.9% during the 3rd quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company's stock worth $1,861,445,000 after purchasing an additional 385,502 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of ASML by 8.3% in the 3rd quarter. Bank of America Corp DE now owns 1,865,254 shares of the semiconductor company's stock valued at $1,805,733,000 after acquiring an additional 142,763 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

ASML Price Performance

NASDAQ ASML opened at $1,386.21 on Tuesday. The business has a 50 day simple moving average of $1,399.33 and a 200 day simple moving average of $1,250.24. ASML Holding N.V. has a 52-week low of $675.50 and a 52-week high of $1,547.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. The stock has a market cap of $545.17 billion, a price-to-earnings ratio of 49.72, a PEG ratio of 1.43 and a beta of 1.81.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Grupo Santander cut ASML to an "underperform" rating in a research note on Thursday, January 22nd. Jefferies Financial Group reaffirmed a "neutral" rating on shares of ASML in a research note on Wednesday, April 8th. Morgan Stanley reaffirmed an "overweight" rating on shares of ASML in a research note on Friday, January 16th. Zacks Research cut ASML from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 3rd. Finally, Susquehanna reaffirmed a "positive" rating on shares of ASML in a research note on Thursday, April 9th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, ASML has a consensus rating of "Moderate Buy" and an average target price of $1,504.38.

About ASML

ASML Holding N.V. NASDAQ: ASML is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML's product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

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