Great Lakes Retirement Inc. Buys 298 Shares of ASML Holding (NASDAQ:ASML)

Great Lakes Retirement Inc. raised its position in shares of ASML Holding (NASDAQ:ASML) by 18.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,887 shares of the semiconductor company’s stock after acquiring an additional 298 shares during the quarter. Great Lakes Retirement Inc.’s holdings in ASML were worth $1,250,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ASML. Sunpointe LLC boosted its position in shares of ASML by 1.3% during the fourth quarter. Sunpointe LLC now owns 1,114 shares of the semiconductor company’s stock valued at $772,000 after purchasing an additional 14 shares in the last quarter. Wealth Quarterback LLC lifted its position in ASML by 1.1% during the fourth quarter. Wealth Quarterback LLC now owns 1,331 shares of the semiconductor company’s stock valued at $923,000 after buying an additional 15 shares during the period. Sfmg LLC grew its position in shares of ASML by 3.0% in the 4th quarter. Sfmg LLC now owns 511 shares of the semiconductor company’s stock worth $354,000 after buying an additional 15 shares during the period. Norinchukin Bank The grew its position in shares of ASML by 1.8% in the 4th quarter. Norinchukin Bank The now owns 857 shares of the semiconductor company’s stock worth $594,000 after buying an additional 15 shares during the period. Finally, Coppell Advisory Solutions LLC increased its stake in shares of ASML by 18.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 96 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ASML shares. Susquehanna cut their price objective on shares of ASML from $1,100.00 to $965.00 and set a “positive” rating on the stock in a report on Thursday, April 17th. Citigroup reissued a “buy” rating on shares of ASML in a research report on Monday, May 19th. Wells Fargo & Company reduced their price objective on ASML from $860.00 to $840.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Finally, Barclays reissued an “equal weight” rating on shares of ASML in a report on Tuesday, June 3rd. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $906.00.

ASML Stock Performance

ASML stock opened at $775.23 on Tuesday. The stock has a market capitalization of $304.99 billion, a PE ratio of 37.27, a price-to-earnings-growth ratio of 1.62 and a beta of 1.74. The stock’s 50 day simple moving average is $713.86 and its 200 day simple moving average is $715.79. ASML Holding has a 12-month low of $578.51 and a 12-month high of $1,110.09. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20.

ASML (NASDAQ:ASML) last announced its quarterly earnings results 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. ASML had a return on equity of 47.73% and a net margin of 26.78%. The firm had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. As a group, 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.