ASML Holding N.V. (NASDAQ:ASML) Shares Purchased by Heirloom Wealth Management

Heirloom Wealth Management boosted its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 19.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,042 shares of the semiconductor company's stock after purchasing an additional 3,727 shares during the period. ASML accounts for approximately 4.4% of Heirloom Wealth Management's portfolio, making the stock its 9th biggest position. Heirloom Wealth Management's holdings in ASML were worth $15,268,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Putney Financial Group LLC lifted its position in shares of ASML by 322.2% in the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after buying an additional 29 shares during the last quarter. Wellington Shields & Co. LLC lifted its position in shares of ASML by 740.0% in the fourth quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock worth $29,000 after buying an additional 37 shares during the last quarter. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of ASML in the fourth quarter worth about $31,000. Pinnacle Bancorp Inc. acquired a new stake in shares of ASML in the first quarter worth about $42,000. Finally, Alpine Bank Wealth Management acquired a new stake in shares of ASML in the first quarter worth about $43,000. Institutional investors and hedge funds own 26.07% of the company's stock.

ASML Trading Down 0.3%

Shares of ASML opened at $795.95 on Friday. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,110.09. The company has a quick ratio of 0.91, a current ratio of 1.52 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $313.14 billion, a price-to-earnings ratio of 33.54, a P/E/G ratio of 1.55 and a beta of 1.74. The stock's 50-day moving average price is $735.42 and its 200 day moving average price is $720.13.

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, beating the consensus estimate of $6.12 by $0.19. ASML had a return on equity of 51.82% and a net margin of 28.32%. The firm had revenue of $8.77 billion for the quarter, compared to analyst estimates of $7.90 billion. As a group, research analysts predict that ASML Holding N.V. will post 25.17 earnings per share for the current year.

Wall Street Analyst Weigh In

ASML has been the subject of a number of analyst reports. Sanford C. Bernstein initiated coverage on ASML in a research report on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 price target for the company. Susquehanna reduced their price target on ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. Barclays reiterated an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. Jefferies Financial Group lowered ASML from a "buy" rating to a "hold" rating in a research note on Thursday. Finally, Citigroup reiterated a "buy" rating on shares of ASML in a research note on Monday, May 19th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, ASML currently has a consensus rating of "Moderate Buy" and an average price target of $913.80.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.