SeaCrest Wealth Management LLC Cuts Stake in ASML Holding (NASDAQ:ASML)

SeaCrest Wealth Management LLC lessened its holdings in ASML Holding (NASDAQ:ASML) by 18.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,326 shares of the semiconductor company’s stock after selling 522 shares during the period. SeaCrest Wealth Management LLC’s holdings in ASML were worth $1,938,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Integrated Advisors Network LLC increased its stake in shares of ASML by 16.7% during the fourth quarter. Integrated Advisors Network LLC now owns 753 shares of the semiconductor company’s stock worth $570,000 after buying an additional 108 shares during the period. American International Group Inc. raised its holdings in shares of ASML by 3.2% in the 4th quarter. American International Group Inc. now owns 6,100 shares of the semiconductor company’s stock valued at $4,617,000 after purchasing an additional 192 shares in the last quarter. Leo Wealth LLC purchased a new stake in shares of ASML during the 4th quarter worth $215,000. NBC Securities Inc. grew its stake in shares of ASML by 63.1% during the first quarter. NBC Securities Inc. now owns 106 shares of the semiconductor company’s stock worth $112,000 after purchasing an additional 41 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in ASML by 21.3% in the first quarter. GAMMA Investing LLC now owns 872 shares of the semiconductor company’s stock valued at $846,000 after buying an additional 153 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wells Fargo & Company decreased their price target on ASML from $1,185.00 to $1,000.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their price objective on shares of ASML from $1,202.00 to $1,207.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,071.80.

ASML Stock Performance

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

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

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.