1,178 Shares in ASML Holding (NASDAQ:ASML) Bought by Confluence Investment Management LLC

Confluence Investment Management LLC acquired a new stake in shares of ASML Holding (NASDAQ:ASML - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,178 shares of the semiconductor company's stock, valued at approximately $781,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Trust Point Inc. raised its position in shares of ASML by 2.4% during the 4th quarter. Trust Point Inc. now owns 606 shares of the semiconductor company's stock valued at $420,000 after purchasing an additional 14 shares during the period. Sunpointe LLC raised its position in shares of ASML by 1.3% during the 4th quarter. Sunpointe LLC now owns 1,114 shares of the semiconductor company's stock valued at $772,000 after purchasing an additional 14 shares during the period. Wealth Quarterback LLC raised its position in shares of ASML by 1.1% during the 4th quarter. Wealth Quarterback LLC now owns 1,331 shares of the semiconductor company's stock valued at $923,000 after purchasing an additional 15 shares during the period. Sfmg LLC increased its holdings in ASML by 3.0% in the 4th quarter. Sfmg LLC now owns 511 shares of the semiconductor company's stock valued at $354,000 after acquiring an additional 15 shares during the last quarter. Finally, Norinchukin Bank The increased its holdings in ASML by 1.8% in the 4th quarter. Norinchukin Bank The now owns 857 shares of the semiconductor company's stock valued at $594,000 after acquiring an additional 15 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ASML shares. Citigroup reiterated a "buy" rating on shares of ASML in a report on Monday, May 19th. Wells Fargo & Company reduced their price target on shares of ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. reduced their price target on shares of ASML from $1,148.00 to $1,100.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Susquehanna reduced their price target on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Finally, DZ Bank upgraded shares of ASML from a "hold" rating to a "buy" rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $906.00.

ASML Price Performance

Shares of NASDAQ:ASML traded down $14.55 on Friday, reaching $732.52. The company's stock had a trading volume of 1,785,398 shares, compared to its average volume of 1,673,415. ASML Holding has a 52-week low of $578.51 and a 52-week high of $1,110.09. The company has a market cap of $288.19 billion, a P/E ratio of 35.22, a PEG ratio of 1.62 and a beta of 1.75. The company has a 50-day simple moving average of $687.99 and a 200 day simple moving average of $708.25. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53.

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 analysts' consensus estimates of $6.12 by $0.19. ASML had a net margin of 26.78% and a return on equity of 47.73%. The business had revenue of $8.77 billion during the quarter, compared to analysts' expectations of $7.90 billion. As a group, equities research analysts anticipate that ASML Holding will post 25.17 EPS for the current fiscal year.

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.