Magnolia Capital Management Ltd. Lowers Stock Position in ASML Holding (NASDAQ:ASML)

Magnolia Capital Management Ltd. decreased its holdings in shares of ASML Holding (NASDAQ:ASML) by 25.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 480 shares of the semiconductor company’s stock after selling 160 shares during the period. Magnolia Capital Management Ltd.’s holdings in ASML were worth $333,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Armstrong Advisory Group Inc. boosted its holdings in ASML by 24.5% during the third quarter. Armstrong Advisory Group Inc. now owns 61 shares of the semiconductor company’s stock worth $51,000 after buying an additional 12 shares in the last quarter. Matrix Private Capital Group LLC boosted its stake in shares of ASML by 5.5% during the 2nd quarter. Matrix Private Capital Group LLC now owns 248 shares of the semiconductor company’s stock worth $254,000 after acquiring an additional 13 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake in shares of ASML by 21.2% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 80 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 14 shares in the last quarter. Fortitude Family Office LLC grew its holdings in shares of ASML by 46.9% in the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 15 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in ASML by 1.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 922 shares of the semiconductor company’s stock valued at $768,000 after purchasing an additional 15 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Price Performance

Shares of NASDAQ:ASML opened at $726.30 on Thursday. The business has a fifty day simple moving average of $702.22 and a 200-day simple moving average of $801.85. ASML Holding has a 52 week low of $645.45 and a 52 week high of $1,110.09. The company has a market cap of $285.74 billion, a P/E ratio of 38.03, a P/E/G ratio of 2.07 and a beta of 1.47. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The company had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. Equities research analysts forecast that ASML Holding will post 20.68 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on ASML shares. Morgan Stanley lowered ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Susquehanna cut their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. JPMorgan Chase & Co. lowered their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Finally, Sanford C. Bernstein cut their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, ASML has an average rating of “Moderate Buy” and an average target price of $955.50.

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.