Cypress Asset Management Inc. TX Purchases Shares of 2,163 ASML Holding (NASDAQ:ASML)

Cypress Asset Management Inc. TX bought a new stake in ASML Holding (NASDAQ:ASML - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,163 shares of the semiconductor company's stock, valued at approximately $1,555,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ASML. Foundations Investment Advisors LLC grew its holdings in ASML by 36.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 26,322 shares of the semiconductor company's stock worth $18,243,000 after acquiring an additional 7,073 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of ASML by 12.2% during the 4th quarter. Fifth Third Bancorp now owns 9,759 shares of the semiconductor company's stock valued at $6,764,000 after acquiring an additional 1,062 shares during the period. Vantage Investment Partners LLC lifted its position in shares of ASML by 53.3% during the 4th quarter. Vantage Investment Partners LLC now owns 53,290 shares of the semiconductor company's stock valued at $36,934,000 after acquiring an additional 18,523 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of ASML in the fourth quarter valued at $337,000. Finally, Clarendon Private LLC acquired a new stake in shares of ASML in the 4th quarter worth about $269,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ASML has been the subject of several analyst reports. Citigroup reiterated a "buy" rating on shares of ASML in a report on Monday, May 19th. Susquehanna cut their target price on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company lowered 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. JPMorgan Chase & Co. lowered their price target on shares of ASML from $1,148.00 to $1,100.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Finally, DZ Bank raised shares of ASML from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $906.00.

ASML Stock Performance

ASML traded up $24.30 during trading on Tuesday, hitting $756.79. The company's 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. ASML Holding has a one year low of $578.51 and a one year high of $1,110.09. The firm has a market cap of $297.74 billion, a PE ratio of 36.38, a P/E/G ratio of 1.62 and a beta of 1.75. The business's 50 day simple moving average is $686.43 and its 200-day simple moving average is $706.67.

ASML (NASDAQ:ASML - Get Free Report) 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. The company had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. ASML had a net margin of 26.78% and a return on equity of 47.73%. As a group, sell-side analysts predict that ASML Holding will post 25.17 EPS for the current fiscal 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.