Moran Wealth Management LLC Purchases 45 Shares of ASML Holding N.V. (NASDAQ:ASML)

Moran Wealth Management LLC increased its holdings in ASML Holding N.V. (NASDAQ:ASML) by 0.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,617 shares of the semiconductor company’s stock after acquiring an additional 45 shares during the period. Moran Wealth Management LLC’s holdings in ASML were worth $3,722,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Putney Financial Group LLC boosted its position in ASML by 322.2% in the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 29 shares during the last quarter. Wellington Shields & Co. LLC raised its stake in shares of ASML by 740.0% during the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 37 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new position in shares of ASML in the 4th quarter worth about $31,000. Investment Management Corp VA ADV purchased a new position in shares of ASML in the 4th quarter worth about $46,000. Finally, Bradley & Co. Private Wealth Management LLC purchased a new stake in ASML during the fourth quarter worth about $51,000. 26.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Sanford C. Bernstein initiated coverage on shares of ASML in a research note on Tuesday, June 17th. They issued a “market perform” rating and a $806.00 target price on the stock. Citigroup reiterated a “buy” rating on shares of ASML in a research note on Monday, May 19th. Barclays reissued an “equal weight” rating on shares of ASML in a research report on Tuesday, June 3rd. Susquehanna lowered 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. Finally, Wells Fargo & Company dropped their price target on ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $913.80.

ASML Trading Up 0.2%

Shares of ASML stock opened at $815.24 on Thursday. The stock has a market capitalization of $320.73 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 1.58 and a beta of 1.74. The company’s fifty day simple moving average is $729.15 and its two-hundred day simple moving average is $718.87. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $1,110.09. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.52 and a quick ratio of 0.91.

ASML (NASDAQ:ASML) last released its quarterly earnings data 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. The company had revenue of $8.77 billion for 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%. As a group, analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current year.

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.