SeaCrest Wealth Management LLC Cuts Stock Holdings in ASML Holding (NASDAQ:ASML)

SeaCrest Wealth Management LLC trimmed its position in shares of ASML Holding (NASDAQ:ASML - Free Report) by 19.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,597 shares of the semiconductor company's stock after selling 636 shares during the quarter. SeaCrest Wealth Management LLC's holdings in ASML were worth $1,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of ASML. Trust Point Inc. increased its position in ASML by 2.4% during the fourth quarter. Trust Point Inc. now owns 606 shares of the semiconductor company's stock worth $420,000 after acquiring an additional 14 shares during the period. Sunpointe LLC grew its position in ASML by 1.3% during the 4th quarter. Sunpointe LLC now owns 1,114 shares of the semiconductor company's stock worth $772,000 after acquiring an additional 14 shares during the last quarter. Wealth Quarterback LLC increased its stake in shares of ASML by 1.1% in the fourth quarter. Wealth Quarterback LLC now owns 1,331 shares of the semiconductor company's stock valued at $923,000 after buying an additional 15 shares in the last quarter. Sfmg LLC raised its stake in shares of ASML by 3.0% in the fourth quarter. Sfmg LLC now owns 511 shares of the semiconductor company's stock worth $354,000 after acquiring an additional 15 shares during the last quarter. Finally, Norinchukin Bank The grew its stake in shares of ASML by 1.8% during the fourth quarter. Norinchukin Bank The now owns 857 shares of the semiconductor company's stock valued at $594,000 after purchasing an additional 15 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

ASML Price Performance

Shares of ASML traded up $5.26 during midday trading on Friday, hitting $753.02. The company's stock had a trading volume of 1,345,054 shares, compared to its average volume of 1,670,995. 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 Holding has a one year low of $578.51 and a one year high of $1,110.09. The stock has a market capitalization of $296.25 billion, a price-to-earnings ratio of 36.20, a price-to-earnings-growth ratio of 1.62 and a beta of 1.74. The company's fifty day simple moving average is $694.72 and its two-hundred day simple moving average is $710.91.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, topping analysts' consensus estimates of $6.12 by $0.19. The business had revenue of $8.77 billion for the quarter, compared to analyst estimates of $7.90 billion. ASML had a return on equity of 47.73% and a net margin of 26.78%. As a group, equities analysts expect that ASML Holding will post 25.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ASML. Barclays reiterated an "equal weight" rating on shares of ASML in a research report on Tuesday. Wells Fargo & Company dropped their price target 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. Citigroup restated a "buy" rating on shares of ASML in a report on Monday, May 19th. Finally, Susquehanna lowered their target price 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. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, ASML currently has a consensus rating of "Moderate Buy" and a consensus target price of $906.00.

ASML Company 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.