Bestgate Wealth Advisors LLC Invests $231,000 in ASML Holding N.V. (NASDAQ:ASML)

Bestgate Wealth Advisors LLC purchased a new stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 348 shares of the semiconductor company's stock, valued at approximately $231,000.

Several other institutional investors have also recently bought and sold shares of ASML. Putney Financial Group LLC increased its position 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 raised its position in shares of ASML by 740.0% during the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 37 shares during the last quarter. Pinnacle Bancorp Inc. bought a new stake in shares of ASML during the 1st quarter valued at $42,000. Alpine Bank Wealth Management acquired a new position in shares of ASML in the 1st quarter valued at $43,000. Finally, Investment Management Corp VA ADV acquired a new stake in shares of ASML during the fourth quarter worth $46,000. Institutional investors own 26.07% of the company's stock.

Wall Street Analyst Weigh In

ASML has been the subject of several analyst reports. Sanford C. Bernstein began coverage on ASML in a research report on Tuesday, June 17th. They set a "market perform" rating and a $806.00 target price for the company. Citigroup reaffirmed a "buy" rating on shares of ASML in a research note on Monday, May 19th. Wells Fargo & Company lowered their target price on shares of ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Jefferies Financial Group downgraded ASML from a "buy" rating to a "hold" rating in a research note on Thursday, June 26th. Finally, Susquehanna decreased their price objective 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. 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 a consensus target price of $913.80.

ASML Stock Down 0.7%

Shares of ASML traded down $5.40 during midday trading on Friday, hitting $794.20. The stock had a trading volume of 910,715 shares, compared to its average volume of 1,710,906. The company has a 50 day simple moving average of $749.55 and a two-hundred day simple moving average of $722.72. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,110.09. The firm has a market cap of $312.45 billion, a price-to-earnings ratio of 33.47, a price-to-earnings-growth ratio of 1.66 and a beta of 1.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.52 and a quick ratio of 0.91.

ASML (NASDAQ:ASML - Get Free Report) last released its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, beating the consensus estimate of $6.12 by $0.19. The firm 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, analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML 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.