Sunpointe LLC Has $917,000 Stock Position in ASML Holding (NASDAQ:ASML)

Sunpointe LLC trimmed its holdings in shares of ASML Holding (NASDAQ:ASML) by 2.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,100 shares of the semiconductor company’s stock after selling 23 shares during the quarter. ASML comprises about 0.8% of Sunpointe LLC’s investment portfolio, making the stock its 29th largest holding. Sunpointe LLC’s holdings in ASML were worth $917,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ASML. KP Management LLC raised its position in shares of ASML by 66.7% in the second quarter. KP Management LLC now owns 5,000 shares of the semiconductor company’s stock valued at $5,114,000 after buying an additional 2,000 shares in the last quarter. Harvard Management Co. Inc. increased its position in shares of ASML by 239.8% in the second quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock worth $95,645,000 after purchasing an additional 66,000 shares during the period. Salem Investment Counselors Inc. increased its holdings in ASML by 41.1% in the 1st quarter. Salem Investment Counselors Inc. now owns 3,457 shares of the semiconductor company’s stock valued at $3,355,000 after buying an additional 1,007 shares during the period. Point72 DIFC Ltd boosted its position in shares of ASML by 122.1% during the 2nd quarter. Point72 DIFC Ltd now owns 6,415 shares of the semiconductor company’s stock worth $6,560,000 after acquiring an additional 3,527 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in ASML by 169.4% during the first quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock valued at $22,661,000 after purchasing an additional 14,682 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Down 5.0 %

Shares of ASML stock traded down $36.30 during trading on Wednesday, reaching $694.13. 2,170,983 shares of the company traded hands, compared to its average volume of 1,294,907. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. The firm has a market capitalization of $273.90 billion, a PE ratio of 37.30, a P/E/G ratio of 2.08 and a beta of 1.48. The company has a 50 day moving average price of $843.76 and a 200-day moving average price of $921.53. ASML Holding has a 1-year low of $573.86 and a 1-year high of $1,110.09.

ASML (NASDAQ:ASML) last issued its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The business had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. As a group, equities research analysts expect that ASML Holding will post 20.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on ASML. Wells Fargo & Company reduced their price target on shares of ASML from $1,185.00 to $1,000.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. JPMorgan Chase & Co. boosted their target price on shares of ASML from $1,202.00 to $1,207.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Susquehanna lowered their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Finally, UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,071.80.

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.