Independent Advisor Alliance Has $8.31 Million Stock Holdings in ASML Holding N.V. $ASML

Independent Advisor Alliance increased its stake in ASML Holding N.V. (NASDAQ:ASML) by 16.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,764 shares of the semiconductor company’s stock after buying an additional 1,072 shares during the period. Independent Advisor Alliance’s holdings in ASML were worth $8,307,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fisher Asset Management LLC lifted its stake in shares of ASML by 2.6% in the third quarter. Fisher Asset Management LLC now owns 4,352,596 shares of the semiconductor company’s stock worth $4,213,705,000 after acquiring an additional 108,342 shares during the period. Capital International Investors lifted its stake in shares of ASML by 17.3% in the third quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock worth $3,791,982,000 after acquiring an additional 577,448 shares during the period. Van ECK Associates Corp lifted its stake in shares of ASML by 16.6% in the third quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock worth $2,079,948,000 after acquiring an additional 305,435 shares during the period. WCM Investment Management LLC lifted its stake in shares of ASML by 24.9% in the third quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock worth $1,861,445,000 after acquiring an additional 385,502 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of ASML by 8.3% in the third quarter. Bank of America Corp DE now owns 1,865,254 shares of the semiconductor company’s stock worth $1,805,733,000 after acquiring an additional 142,763 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ASML has been the topic of several recent analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a research note on Wednesday, April 15th. Morgan Stanley reissued an “overweight” rating on shares of ASML in a research note on Friday, January 16th. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research note on Wednesday, April 8th. Wall Street Zen lowered ASML from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Weiss Ratings raised ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,504.38.

ASML Trading Down 2.9%

Shares of ASML stock opened at $1,520.94 on Wednesday. The stock has a fifty day simple moving average of $1,405.10 and a 200 day simple moving average of $1,271.69. ASML Holding N.V. has a 12-month low of $683.48 and a 12-month high of $1,595.31. The company has a market capitalization of $598.16 billion, a P/E ratio of 54.55, a price-to-earnings-growth ratio of 1.28 and a beta of 1.81. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The firm had revenue of $10.15 billion during the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. On average, sell-side analysts anticipate that ASML Holding N.V. will post 37.08 earnings per share for the current fiscal year.

About ASML

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.