Ritholtz Wealth Management Cuts Stake in ASML Holding N.V. (NASDAQ:ASML)

Ritholtz Wealth Management lowered its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 15.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,281 shares of the semiconductor company's stock after selling 1,134 shares during the quarter. Ritholtz Wealth Management's holdings in ASML were worth $4,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Shields & Co. LLC grew its position 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 during the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of ASML during the fourth quarter valued at approximately $31,000. Roxbury Financial LLC bought a new position in shares of ASML in the fourth quarter worth approximately $39,000. Tradewinds Capital Management LLC increased its stake in shares of ASML by 96.7% in the fourth quarter. Tradewinds Capital Management LLC now owns 59 shares of the semiconductor company's stock worth $41,000 after buying an additional 29 shares during the period. Finally, Investment Management Corp VA ADV bought a new stake in ASML during the 4th quarter valued at $46,000. 26.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ASML. Susquehanna cut their price target on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company reduced their price target on ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Barclays reiterated an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Sanford C. Bernstein assumed coverage on ASML in a report on Tuesday. They set a "market perform" rating and a $806.00 target price for the company. Finally, Citigroup reiterated a "buy" rating on shares of ASML in a report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $913.80.

ASML Stock Down 2.0%

Shares of ASML traded down $15.37 on Tuesday, reaching $759.86. The stock had a trading volume of 1,419,922 shares, compared to its average volume of 1,685,911. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.52. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,110.09. The firm has a market capitalization of $298.94 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 1.51 and a beta of 1.74. The company has a 50-day simple moving average of $713.86 and a 200-day simple moving average of $715.79.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, beating the consensus estimate of $6.12 by $0.19. The business had revenue of $8.77 billion during the quarter, compared to analyst estimates of $7.90 billion. ASML had a return on equity of 51.82% and a net margin of 28.32%. Sell-side analysts predict that ASML Holding N.V. 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.