Forum Financial Management LP Purchases 607 Shares of ASML Holding (NASDAQ:ASML)

Forum Financial Management LP boosted its position in ASML Holding (NASDAQ:ASML - Free Report) by 27.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,789 shares of the semiconductor company's stock after purchasing an additional 607 shares during the period. Forum Financial Management LP's holdings in ASML were worth $1,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Cyndeo Wealth Partners LLC lifted its position in ASML by 0.4% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 3,208 shares of the semiconductor company's stock valued at $2,223,000 after purchasing an additional 14 shares during the period. Trust Point Inc. increased its stake in shares of ASML by 2.4% during the fourth quarter. Trust Point Inc. now owns 606 shares of the semiconductor company's stock worth $420,000 after purchasing an additional 14 shares in the last quarter. Sunpointe LLC increased its stake in shares of ASML by 1.3% during the fourth quarter. Sunpointe LLC now owns 1,114 shares of the semiconductor company's stock worth $772,000 after purchasing an additional 14 shares in the last quarter. Wealth Quarterback LLC increased its stake in shares of ASML by 1.1% during the fourth quarter. Wealth Quarterback LLC now owns 1,331 shares of the semiconductor company's stock worth $923,000 after purchasing an additional 15 shares in the last quarter. Finally, Sfmg LLC increased its stake in shares of ASML by 3.0% during the fourth quarter. Sfmg LLC now owns 511 shares of the semiconductor company's stock worth $354,000 after purchasing an additional 15 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ASML shares. JPMorgan Chase & Co. cut their target price on shares of ASML from $1,148.00 to $1,100.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. DZ Bank raised shares of ASML from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Citigroup reissued a "buy" rating on shares of ASML in a research note on Monday. Susquehanna cut their target price on shares of 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, Wells Fargo & Company cut 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. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, ASML has a consensus rating of "Moderate Buy" and a consensus target price of $906.00.

ASML Stock Performance

ASML stock opened at $732.49 on Friday. The firm has a 50 day simple moving average of $686.48 and a 200-day simple moving average of $705.72. ASML Holding has a 1-year low of $578.51 and a 1-year high of $1,110.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99. The stock has a market cap of $288.18 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 1.62 and a beta of 1.75.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share 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 firm had revenue of $8.77 billion during the quarter, compared to analysts' expectations of $7.90 billion. On average, analysts expect that ASML Holding will post 25.17 EPS for the current 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.

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