Essex Savings Bank Buys 69 Shares of ASML Holding N.V. (NASDAQ:ASML)

Essex Savings Bank raised its stake in ASML Holding N.V. (NASDAQ:ASML) by 6.4% during the first quarter, HoldingsChannel reports. The fund owned 1,147 shares of the semiconductor company’s stock after buying an additional 69 shares during the period. Essex Savings Bank’s holdings in ASML were worth $760,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of ASML by 70,115.5% in the 1st quarter. GAMMA Investing LLC now owns 1,400,800 shares of the semiconductor company’s stock worth $9,282,120,000 after purchasing an additional 1,398,805 shares in the last quarter. Edgewood Management LLC lifted its holdings in shares of ASML by 43.1% during the fourth quarter. Edgewood Management LLC now owns 3,186,667 shares of the semiconductor company’s stock valued at $2,208,615,000 after purchasing an additional 959,696 shares in the last quarter. Amundi boosted its position in shares of ASML by 4,880.5% during the fourth quarter. Amundi now owns 335,284 shares of the semiconductor company’s stock valued at $247,019,000 after buying an additional 328,552 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of ASML by 53.4% during the fourth quarter. Wellington Management Group LLP now owns 807,257 shares of the semiconductor company’s stock valued at $559,494,000 after buying an additional 281,156 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in ASML in the 4th quarter worth about $175,257,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

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

ASML Price Performance

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

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, topping the consensus estimate of $6.12 by $0.19. The business had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. ASML had a net margin of 28.32% and a return on equity of 51.82%. Equities research analysts expect that ASML Holding N.V. will post 25.17 EPS 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.