Portside Wealth Group LLC Acquires 996 Shares of ASML Holding (NASDAQ:ASML)

Portside Wealth Group LLC grew its holdings in shares of ASML Holding (NASDAQ:ASML - Free Report) by 75.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,322 shares of the semiconductor company's stock after purchasing an additional 996 shares during the quarter. Portside Wealth Group LLC's holdings in ASML were worth $1,609,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ASML. Strategic Financial Concepts LLC bought a new position in ASML during the fourth quarter valued at $337,000. Mather Group LLC. grew its stake in shares of ASML by 13.8% during the 4th quarter. Mather Group LLC. now owns 412 shares of the semiconductor company's stock worth $286,000 after acquiring an additional 50 shares during the period. Figure 8 Investment Strategies LLC purchased a new stake in ASML in the 4th quarter worth about $1,239,000. Telos Capital Management Inc. raised its stake in ASML by 8.2% in the 4th quarter. Telos Capital Management Inc. now owns 10,144 shares of the semiconductor company's stock valued at $7,031,000 after acquiring an additional 771 shares during the period. Finally, Savant Capital LLC boosted its position in ASML by 22.4% during the fourth quarter. Savant Capital LLC now owns 907 shares of the semiconductor company's stock worth $629,000 after purchasing an additional 166 shares during the period. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company lowered their target price 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 dropped their price objective on ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Citigroup restated a "buy" rating on shares of ASML in a research note on Monday, May 19th. Finally, Barclays reiterated an "equal weight" rating on shares of ASML in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $906.00.

ASML Price Performance

Shares of NASDAQ ASML traded up $5.03 during mid-day trading on Thursday, reaching $747.81. 1,506,317 shares of the company were exchanged, compared to its average volume of 1,674,739. The stock has a market capitalization of $294.20 billion, a PE ratio of 35.95, a PEG ratio of 1.62 and a beta of 1.74. 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 52 week low of $578.51 and a 52 week high of $1,110.09. The company's 50 day moving average price is $691.30 and its 200 day moving average price is $709.71.

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