Formidable Asset Management LLC Invests $672,000 in ASML Holding (NASDAQ:ASML)

Formidable Asset Management LLC purchased a new position in shares of ASML Holding (NASDAQ:ASML - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 969 shares of the semiconductor company's stock, valued at approximately $672,000.

Several other large investors have also modified their holdings of the stock. North Star Asset Management Inc. lifted its position in shares of ASML by 12.7% during the fourth quarter. North Star Asset Management Inc. now owns 32,762 shares of the semiconductor company's stock worth $22,707,000 after purchasing an additional 3,692 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in shares of ASML during the fourth quarter worth about $23,766,000. Public Employees Retirement System of Ohio bought a new position in shares of ASML during the fourth quarter worth about $2,888,000. Hudson Value Partners LLC lifted its position in shares of ASML by 994.6% during the fourth quarter. Hudson Value Partners LLC now owns 5,112 shares of the semiconductor company's stock worth $3,543,000 after purchasing an additional 4,645 shares during the last quarter. Finally, Investment Management Corp VA ADV acquired a new stake in ASML during the fourth quarter worth about $46,000. Institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

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

ASML Price Performance

Shares of NASDAQ:ASML opened at $732.49 on Friday. The firm's 50 day moving average is $686.48 and its two-hundred day moving average is $706.03. ASML Holding has a 52 week low of $578.51 and a 52 week high of $1,110.09. The firm has a market capitalization of $288.18 billion, a P/E ratio of 35.22, a PEG ratio of 1.62 and a beta of 1.75. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly 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. ASML had a net margin of 26.78% and a return on equity of 47.73%. The company had revenue of $8.77 billion for the quarter, compared to analyst estimates of $7.90 billion. Analysts anticipate that ASML Holding will post 25.17 earnings per share 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.

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