Trust Point Inc. Grows Stock Holdings in ASML Holding (NASDAQ:ASML)

Trust Point Inc. raised its position in shares of ASML Holding (NASDAQ:ASML) by 3.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 627 shares of the semiconductor company’s stock after buying an additional 21 shares during the period. Trust Point Inc.’s holdings in ASML were worth $415,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ASML. Wellington Shields & Co. LLC boosted its holdings in ASML by 740.0% in the fourth quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 37 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of ASML in the 4th quarter valued at about $31,000. Tradewinds Capital Management LLC raised its stake in ASML by 96.7% during the 4th quarter. Tradewinds Capital Management LLC now owns 59 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 29 shares during the last quarter. Investment Management Corp VA ADV purchased a new position in shares of ASML during the 4th quarter worth approximately $46,000. Finally, Bradley & Co. Private Wealth Management LLC purchased a new position in ASML in the 4th quarter valued at approximately $51,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Citigroup reiterated a “buy” rating on shares of ASML in a report on Monday, May 19th. Wells Fargo & Company cut their target price on ASML from $860.00 to $840.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Barclays reiterated an “equal weight” rating on shares of ASML in a research report on Tuesday, June 3rd. Finally, Susquehanna reduced their target price on ASML from $1,100.00 to $965.00 and set a “positive” rating for the company in a report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, ASML has an average rating of “Moderate Buy” and a consensus target price of $906.00.

ASML Stock Up 1.9%

NASDAQ ASML opened at $775.23 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53. The firm has a 50-day simple moving average of $713.86 and a 200 day simple moving average of $715.79. ASML Holding has a twelve month low of $578.51 and a twelve month high of $1,110.09. The stock has a market cap of $304.99 billion, a PE ratio of 37.27, a PEG ratio of 1.62 and a beta of 1.74.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.12 by $0.19. ASML had a net margin of 26.78% and a return on equity of 47.73%. The company had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $7.90 billion. On average, research analysts forecast that ASML Holding will post 25.17 EPS 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.