Essex Savings Bank Raises Stake in ASML Holding N.V. (NASDAQ:ASML)

Essex Savings Bank raised its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 6.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,147 shares of the semiconductor company’s stock after acquiring an additional 69 shares during the period. Essex Savings Bank’s holdings in ASML were worth $760,000 at the end of the most recent reporting period.

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

ASML Trading Down 2.0%

NASDAQ ASML opened at $759.86 on Wednesday. The firm has a market capitalization of $298.94 billion, a PE ratio of 32.02, a P/E/G ratio of 1.51 and a beta of 1.74. The stock’s 50 day moving average is $715.32 and its 200 day moving average is $716.10. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,110.09. The company has a quick ratio of 0.91, a current ratio of 1.52 and a debt-to-equity ratio of 0.21.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, beating the consensus estimate of $6.12 by $0.19. The business had revenue of $8.77 billion during the quarter, compared to analyst estimates of $7.90 billion. ASML had a return on equity of 51.82% and a net margin of 28.32%. Research analysts forecast that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ASML shares. Barclays reissued an “equal weight” rating on shares of ASML in a research report on Tuesday, June 3rd. Susquehanna reduced their target price on ASML from $1,100.00 to $965.00 and set a “positive” rating on the stock in a research note on Thursday, April 17th. Sanford C. Bernstein assumed coverage on ASML in a research note on Tuesday. They issued a “market perform” rating and a $806.00 price target for the company. Wells Fargo & Company reduced their price objective on shares of ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Finally, Citigroup restated a “buy” rating on shares of ASML in a report on Monday, May 19th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $913.80.

About ASML

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.