Nan Shan Life Insurance Co. Ltd. Raises Position in ASML Holding (NASDAQ:ASML)

Nan Shan Life Insurance Co. Ltd. raised its holdings in shares of ASML Holding (NASDAQ:ASML) by 3,694.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,892 shares of the semiconductor company’s stock after buying an additional 70,971 shares during the period. ASML comprises approximately 1.2% of Nan Shan Life Insurance Co. Ltd.’s portfolio, making the stock its 22nd largest position. Nan Shan Life Insurance Co. Ltd.’s holdings in ASML were worth $50,520,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kennebec Savings Bank boosted its holdings in shares of ASML by 227.3% during the fourth quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 25 shares during the period. Wellington Shields & Co. LLC lifted its holdings in ASML by 740.0% in the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company’s stock worth $29,000 after buying an additional 37 shares during the period. Halbert Hargrove Global Advisors LLC bought a new stake in shares of ASML in the 4th quarter worth approximately $31,000. Albion Financial Group UT increased its stake in shares of ASML by 133.3% during the fourth quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 32 shares during the period. Finally, Roxbury Financial LLC bought a new position in shares of ASML during the fourth quarter valued at approximately $39,000. 26.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Susquehanna reduced their target price on ASML from $1,100.00 to $965.00 and set a “positive” rating on the stock in a report on Thursday, April 17th. DZ Bank upgraded ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. lowered their price objective on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and a consensus price target of $906.00.

ASML Trading Up 1.8%

NASDAQ:ASML opened at $763.90 on Wednesday. The stock has a market cap of $300.54 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 1.62 and a beta of 1.75. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average price is $680.38 and its 200-day moving average price is $702.42. ASML Holding has a 52 week low of $578.51 and a 52 week high of $1,110.09.

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