ASML Holding N.V. (NASDAQ:ASML) Shares Purchased by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc grew its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 700.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,582 shares of the semiconductor company's stock after buying an additional 7,510 shares during the period. Pinnacle Financial Partners Inc's holdings in ASML were worth $5,687,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Putney Financial Group LLC boosted its holdings in 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 purchasing an additional 29 shares during the period. Wellington Shields & Co. LLC lifted its position in shares of ASML by 740.0% in the 4th 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. Pinnacle Bancorp Inc. acquired a new position in shares of ASML in the 1st quarter valued at about $42,000. Alpine Bank Wealth Management acquired a new position in shares of ASML in the 1st quarter valued at about $43,000. Finally, Investment Management Corp VA ADV acquired a new stake in ASML during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Sanford C. Bernstein began coverage on ASML in a research note on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 target price for the company. Jefferies Financial Group lowered ASML from a "buy" rating to a "hold" rating in a research report on Thursday, June 26th. Wells Fargo & Company dropped their target price on ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Susquehanna cut their price target on ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Finally, Citigroup reaffirmed a "buy" rating on shares of ASML in a report on Monday, May 19th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $913.80.

ASML Stock Up 1.2%

NASDAQ:ASML opened at $799.59 on Thursday. The business's fifty day moving average price is $744.82 and its 200 day moving average price is $721.82. The firm has a market capitalization of $314.57 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 1.52 and a beta of 1.73. The company has a current ratio of 1.52, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $1,110.09.

ASML (NASDAQ:ASML - Get Free Report) last released its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, beating the consensus estimate of $6.12 by $0.19. The company had revenue of $8.77 billion for the quarter, compared to analysts' expectations of $7.90 billion. ASML had a return on equity of 51.82% and a net margin of 28.32%. On average, sell-side analysts forecast that ASML Holding N.V. 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.

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