Logan Capital Management Inc. Sells 1,007 Shares of ASML Holding (NASDAQ:ASML)

Logan Capital Management Inc. cut its stake in ASML Holding (NASDAQ:ASML - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,899 shares of the semiconductor company's stock after selling 1,007 shares during the period. Logan Capital Management Inc.'s holdings in ASML were worth $4,088,000 at the end of the most recent reporting period.

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

ASML Trading Down 1.4%

ASML stock traded down $10.55 during midday trading on Thursday, reaching $758.36. The company's stock had a trading volume of 1,509,706 shares, compared to its average volume of 1,657,062. The business's 50-day simple moving average is $681.12 and its 200-day simple moving average is $702.88. 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 52 week low of $578.51 and a 52 week high of $1,110.09. The stock has a market cap of $298.36 billion, a PE ratio of 36.46, a price-to-earnings-growth ratio of 1.62 and a beta of 1.75.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts expect that ASML Holding will post 25.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ASML. DZ Bank raised shares of ASML from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. dropped their price objective on shares of 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. Wells Fargo & Company decreased their price objective on ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, Susquehanna dropped their target price on ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. Two investment 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $906.00.

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.