Wealth Enhancement Advisory Services LLC Lowers Holdings in ASML Holding (NASDAQ:ASML)

Wealth Enhancement Advisory Services LLC cut its holdings in shares of ASML Holding (NASDAQ:ASML - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,655 shares of the semiconductor company's stock after selling 443 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in ASML were worth $23,326,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Trust Point Inc. raised its holdings in ASML by 2.4% during the fourth quarter. Trust Point Inc. now owns 606 shares of the semiconductor company's stock valued at $420,000 after acquiring an additional 14 shares during the period. Sunpointe LLC increased its holdings in shares of ASML by 1.3% in the fourth quarter. Sunpointe LLC now owns 1,114 shares of the semiconductor company's stock worth $772,000 after purchasing an additional 14 shares during the last quarter. Wealth Quarterback LLC increased its holdings 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 worth $923,000 after purchasing an additional 15 shares during the last quarter. Sfmg LLC increased its holdings 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 purchasing an additional 15 shares during the last quarter. Finally, Norinchukin Bank The increased its holdings in shares of ASML by 1.8% in the fourth quarter. Norinchukin Bank The now owns 857 shares of the semiconductor company's stock worth $594,000 after purchasing an additional 15 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ASML shares. JPMorgan Chase & Co. reduced their target price on ASML from $1,148.00 to $1,100.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Citigroup reaffirmed a "buy" rating on shares of ASML in a report on Monday, May 19th. Wells Fargo & Company reduced their target price on ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Susquehanna reduced their price objective 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 raised ASML from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $906.00.

ASML Trading Down 1.9%

Shares of NASDAQ:ASML traded down $14.55 during trading hours on Friday, hitting $732.52. 1,785,398 shares of the company's stock traded hands, compared to its average volume of 1,673,415. ASML Holding has a 1 year low of $578.51 and a 1 year high of $1,110.09. The business has a fifty day moving average price of $687.99 and a 200-day moving average price of $708.25. The firm has a market capitalization of $288.19 billion, a P/E ratio of 35.22, a price-to-earnings-growth ratio of 1.62 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99.

ASML (NASDAQ:ASML - Get Free Report) last announced its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.12 by $0.19. ASML had a return on equity of 47.73% and a net margin of 26.78%. The business had revenue of $8.77 billion during the quarter, compared to analyst estimates of $7.90 billion. Equities analysts expect that ASML Holding will post 25.17 earnings per share for the current year.

About ASML

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.