Challenger Wealth Management Makes New Investment in ASML Holding (NASDAQ:ASML)

Challenger Wealth Management purchased a new stake in ASML Holding (NASDAQ:ASML - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,156 shares of the semiconductor company's stock, valued at approximately $801,000.

A number of other institutional investors have also recently modified their holdings of the stock. Kennebec Savings Bank increased its holdings in ASML by 227.3% in the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 25 shares in the last quarter. Wellington Shields & Co. LLC increased its holdings in 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 purchasing an additional 37 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new position in ASML in the 4th quarter worth about $31,000. Roxbury Financial LLC acquired a new stake in shares of ASML in the fourth quarter valued at about $39,000. Finally, Caitlin John LLC increased its stake in shares of ASML by 78.1% in the fourth quarter. Caitlin John LLC now owns 57 shares of the semiconductor company's stock valued at $40,000 after buying an additional 25 shares during the period. 26.07% of the stock is currently owned by institutional investors.

ASML Stock Up 3.3%

NASDAQ:ASML traded up $24.30 on Tuesday, hitting $756.79. The stock had a trading volume of 1,383,549 shares, compared to its average volume of 1,668,329. The business's fifty day moving average is $686.43 and its 200 day moving average is $706.67. The company has a market cap of $297.74 billion, a PE ratio of 36.38, a P/E/G ratio of 1.62 and a beta of 1.75. 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.

ASML (NASDAQ:ASML - Get Free Report) last announced 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 business had revenue of $8.77 billion for 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%. On average, equities research analysts expect that ASML Holding will post 25.17 EPS for the current fiscal year.

Analysts Set New Price Targets

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