Brookstone Capital Management Cuts Stock Position in ASML Holding (NASDAQ:ASML)

Brookstone Capital Management trimmed its position in shares of ASML Holding (NASDAQ:ASML) by 11.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 909 shares of the semiconductor company’s stock after selling 116 shares during the quarter. Brookstone Capital Management’s holdings in ASML were worth $630,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Central Pacific Bank Trust Division acquired a new position in shares of ASML during the fourth quarter worth $1,174,000. Taurus Asset Management LLC purchased a new position in ASML during the 3rd quarter worth $16,994,000. State Street Corp increased its position in ASML by 5.2% during the 3rd quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock valued at $117,323,000 after buying an additional 7,010 shares in the last quarter. Stockman Wealth Management Inc. raised its stake in ASML by 7.2% in the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock valued at $12,800,000 after buying an additional 1,032 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in ASML by 7.5% in the third quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock worth $39,664,000 after acquiring an additional 3,321 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

ASML Stock Up 0.8 %

ASML opened at $756.33 on Friday. The company has a market cap of $297.56 billion, a PE ratio of 39.60, a price-to-earnings-growth ratio of 2.30 and a beta of 1.47. ASML Holding has a twelve month low of $645.45 and a twelve month high of $1,110.09. The company has a 50-day moving average price of $704.98 and a 200 day moving average price of $800.97. 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 announced its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The company had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. Sell-side analysts expect that ASML Holding will post 20.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ASML. JPMorgan Chase & Co. cut their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Susquehanna decreased 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 downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Wells Fargo & Company upped their target price on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. 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 company’s stock. According to MarketBeat, ASML has a consensus rating of “Moderate Buy” and a consensus target price of $955.50.

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.