ASML Holding (NASDAQ:ASML) Shares Sold by First Pacific Financial

First Pacific Financial cut its position in ASML Holding (NASDAQ:ASML) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,077 shares of the semiconductor company’s stock after selling 18 shares during the quarter. First Pacific Financial’s holdings in ASML were worth $746,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in ASML in the third quarter valued at approximately $25,000. Resources Management Corp CT ADV acquired a new stake in ASML during the 2nd quarter worth $26,000. Milestone Investment Advisors LLC purchased a new position in ASML during the 3rd quarter worth $28,000. Fortitude Family Office LLC increased its stake in ASML by 46.9% in the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 15 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of ASML in the third quarter valued at about $43,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ASML. Susquehanna dropped their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. lowered their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Sanford C. Bernstein cut their target price on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. Finally, BNP Paribas started coverage on ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price objective for the company. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and an average price target of $955.50.

ASML Trading Up 3.3 %

Shares of ASML stock opened at $750.28 on Friday. ASML Holding has a twelve month low of $645.45 and a twelve month high of $1,110.09. The company has a market capitalization of $295.18 billion, a price-to-earnings ratio of 39.28, a PEG ratio of 2.30 and a beta of 1.47. The firm has a 50-day moving average price of $703.52 and a 200 day moving average price of $801.32. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.24 by $0.56. The business had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. Research analysts forecast that ASML Holding will post 20.57 earnings per share for the current fiscal 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.