Essex Savings Bank Boosts Stake in ASML Holding (NASDAQ:ASML)

Essex Savings Bank raised its holdings in shares of ASML Holding (NASDAQ:ASML) by 21.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,078 shares of the semiconductor company’s stock after purchasing an additional 194 shares during the quarter. Essex Savings Bank’s holdings in ASML were worth $747,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ASML. Central Pacific Bank Trust Division bought a new position in ASML in the 4th quarter valued at $1,174,000. Taurus Asset Management LLC purchased a new position in shares of ASML during the third quarter valued at $16,994,000. State Street Corp raised its holdings in shares of ASML by 5.2% in the third quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock valued at $117,323,000 after acquiring an additional 7,010 shares in the last quarter. Stockman Wealth Management Inc. lifted 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 worth $12,800,000 after acquiring an additional 1,032 shares during the period. Finally, US Bancorp DE lifted its stake 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 during the period. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on ASML. Wells Fargo & Company raised their target price on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research report on Monday. Sanford C. Bernstein reduced their price objective on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. Susquehanna lowered their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. BNP Paribas initiated coverage on ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $955.50.

ASML Trading Down 1.4 %

NASDAQ ASML opened at $726.30 on Thursday. The stock 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 current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09. The company has a fifty day simple moving average of $702.22 and a two-hundred day simple moving average of $801.85.

ASML (NASDAQ:ASML) last issued its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. The company had revenue of $8.21 billion during 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%. On average, analysts forecast that ASML Holding will post 20.68 earnings per share for the current year.

ASML Company 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.