Infinitum Asset Management LLC Makes New $6.93 Million Investment in ASML Holding (NASDAQ:ASML)

Infinitum Asset Management LLC bought a new stake in ASML Holding (NASDAQ:ASML - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,000 shares of the semiconductor company's stock, valued at approximately $6,931,000. ASML makes up about 3.7% of Infinitum Asset Management LLC's investment portfolio, making the stock its 8th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kennebec Savings Bank lifted its stake in ASML by 227.3% in the fourth quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company's stock valued at $26,000 after buying an additional 25 shares during the last quarter. Wellington Shields & Co. LLC lifted its holdings 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 valued at $29,000 after buying an additional 37 shares during the last quarter. Halbert Hargrove Global Advisors LLC acquired a new stake in ASML in the 4th quarter worth approximately $31,000. Roxbury Financial LLC bought a new position in ASML in the 4th quarter worth approximately $39,000. Finally, Caitlin John LLC increased its position in ASML by 78.1% in the 4th quarter. Caitlin John LLC now owns 57 shares of the semiconductor company's stock worth $40,000 after buying an additional 25 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ASML shares. Susquehanna lowered their price target on ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Citigroup reaffirmed a "buy" rating on shares of ASML in a research report on Monday, May 19th. JPMorgan Chase & Co. dropped their price target on ASML from $1,148.00 to $1,100.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. DZ Bank upgraded ASML from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Finally, Wells Fargo & Company reduced their target price on shares of ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $906.00.

ASML Trading Up 3.3%

ASML stock traded up $24.30 during midday trading on Tuesday, reaching $756.79. The stock had a trading volume of 1,383,549 shares, compared to its average volume of 1,668,329. 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 firm has a market cap of $297.74 billion, a price-to-earnings ratio of 36.38, a price-to-earnings-growth ratio of 1.62 and a beta of 1.75. The company has a fifty day moving average of $686.43 and a 200 day moving average of $706.67. ASML Holding has a 52-week low of $578.51 and a 52-week high of $1,110.09.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.12 by $0.19. ASML had a net margin of 26.78% and a return on equity of 47.73%. The company had revenue of $8.77 billion during the quarter, compared to analyst estimates of $7.90 billion. On average, analysts anticipate 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.