Cidel Asset Management Inc. Takes Position in ASML Holding N.V. (NASDAQ:ASML)

Cidel Asset Management Inc. purchased a new position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 373 shares of the semiconductor company's stock, valued at approximately $247,000.

A number of other large investors have also bought and sold shares of the business. Putney Financial Group LLC boosted its position in ASML by 322.2% in the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock valued at $25,000 after buying an additional 29 shares during the last quarter. Wellington Shields & Co. LLC boosted its position in ASML by 740.0% in the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock valued at $29,000 after buying an additional 37 shares during the last quarter. Pinnacle Bancorp Inc. bought a new position in ASML in the 1st quarter valued at $42,000. Alpine Bank Wealth Management bought a new position in ASML in the 1st quarter valued at $43,000. Finally, Investment Management Corp VA ADV bought a new position in ASML in the 4th quarter valued at $46,000. 26.07% of the stock is currently owned by institutional investors.

ASML Trading Down 0.7%

ASML stock traded down $5.40 during mid-day trading on Friday, hitting $794.20. 910,715 shares of the company's stock were exchanged, compared to its average volume of 1,707,147. The firm has a market capitalization of $312.45 billion, a P/E ratio of 33.47, a PEG ratio of 1.66 and a beta of 1.73. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week 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 company's 50 day simple moving average is $749.55 and its 200-day simple moving average is $722.72.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, topping 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 business had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. On average, equities analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ASML shares. Susquehanna decreased their price objective on ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company cut their price target on ASML from $860.00 to $840.00 and set an "overweight" rating on the stock 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. Citigroup reissued a "buy" rating on shares of ASML in a research note on Monday, May 19th. Finally, 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 price target on the stock. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.