Turtle Creek Wealth Advisors LLC Buys New Shares in ASML Holding N.V. $ASML

Turtle Creek Wealth Advisors LLC purchased a new stake in shares of ASML Holding N.V. (NASDAQ:ASML) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,876 shares of the semiconductor company’s stock, valued at approximately $1,503,000.

Other institutional investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. purchased a new stake in shares of ASML in the first quarter worth about $360,262,000. Invesco Ltd. boosted its position in shares of ASML by 101.0% in the first quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock worth $484,562,000 after buying an additional 367,505 shares during the period. Amundi boosted its position in shares of ASML by 91.6% in the first quarter. Amundi now owns 642,498 shares of the semiconductor company’s stock worth $403,215,000 after buying an additional 307,214 shares during the period. First Manhattan CO. LLC. boosted its position in shares of ASML by 61.0% in the first quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company’s stock worth $469,183,000 after buying an additional 268,172 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of ASML by 26.5% in the first quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock worth $631,079,000 after buying an additional 199,740 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ASML shares. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research report on Monday. Mizuho upgraded ASML from a “neutral” rating to an “outperform” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML in a research note on Wednesday. DZ Bank reiterated a “neutral” rating on shares of ASML in a research note on Wednesday. Finally, Citigroup reiterated a “buy” rating on shares of ASML in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,001.60.

ASML Stock Performance

Shares of ASML stock opened at $1,009.81 on Thursday. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,059.00. The firm has a market capitalization of $397.14 billion, a price-to-earnings ratio of 42.15, a price-to-earnings-growth ratio of 1.66 and a beta of 1.87. The business has a 50 day simple moving average of $852.01 and a 200 day simple moving average of $768.34. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 0.81.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.94 by ($1.39). The firm had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.72 billion. ASML had a net margin of 26.95% and a return on equity of 49.47%. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the previous year, the business posted $4.01 earnings per share. On average, equities research analysts anticipate that ASML Holding N.V. will post 25.17 EPS 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.