Red Spruce Capital LLC Purchases 355 Shares of ASML Holding (NASDAQ:ASML)

Red Spruce Capital LLC grew its stake in ASML Holding (NASDAQ:ASML - Free Report) by 5.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,677 shares of the semiconductor company's stock after acquiring an additional 355 shares during the quarter. ASML accounts for 2.1% of Red Spruce Capital LLC's holdings, making the stock its 12th biggest position. Red Spruce Capital LLC's holdings in ASML were worth $4,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Parallel Advisors LLC grew its position in shares of ASML by 12.1% in the 1st quarter. Parallel Advisors LLC now owns 2,859 shares of the semiconductor company's stock valued at $1,895,000 after purchasing an additional 309 shares during the period. GAMMA Investing LLC grew its position in shares of ASML by 70,115.5% in the 1st quarter. GAMMA Investing LLC now owns 1,400,800 shares of the semiconductor company's stock valued at $9,282,120,000 after purchasing an additional 1,398,805 shares during the period. Webster Bank N. A. grew its position in shares of ASML by 10.1% in the 1st quarter. Webster Bank N. A. now owns 370 shares of the semiconductor company's stock valued at $245,000 after purchasing an additional 34 shares during the period. General Partner Inc. grew its position in shares of ASML by 138.9% in the 1st quarter. General Partner Inc. now owns 258 shares of the semiconductor company's stock valued at $171,000 after purchasing an additional 150 shares during the period. Finally, Capital Market Strategies LLC grew its position in shares of ASML by 32.2% in the 1st quarter. Capital Market Strategies LLC now owns 1,519 shares of the semiconductor company's stock valued at $1,007,000 after purchasing an additional 370 shares during the period. 26.07% of the stock is owned by institutional investors.

ASML Stock Performance

ASML traded down $14.55 during trading hours on Friday, reaching $732.52. The company's stock had a trading volume of 1,785,398 shares, compared to its average volume of 1,673,415. 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 is $687.99 and its 200-day moving average is $708.25. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53. The firm has a market cap of $288.19 billion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 1.62 and a beta of 1.75.

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 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 business had revenue of $8.77 billion for the quarter, compared to analysts' expectations of $7.90 billion. On average, equities analysts forecast that ASML Holding will post 25.17 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ASML. Susquehanna decreased their price target on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company cut their price objective on ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. DZ Bank raised ASML from a "hold" rating to a "buy" rating in a report on Thursday, January 30th. Citigroup reissued a "buy" rating on shares of ASML in a report on Monday, May 19th. Finally, JPMorgan Chase & Co. cut their price objective on ASML from $1,148.00 to $1,100.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $906.00.

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.