HM Payson & Co. Has $70.22 Million Position in ASML Holding N.V. (NASDAQ:ASML)

HM Payson & Co. raised its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 7.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,966 shares of the semiconductor company's stock after acquiring an additional 7,067 shares during the quarter. ASML makes up about 1.2% of HM Payson & Co.'s investment portfolio, making the stock its 26th largest holding. HM Payson & Co.'s holdings in ASML were worth $70,216,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in shares of ASML by 2.6% during the 1st quarter. Bank of New York Mellon Corp now owns 245,801 shares of the semiconductor company's stock worth $162,875,000 after buying an additional 6,310 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in shares of ASML during the 1st quarter worth about $35,000. Olde Wealth Management LLC acquired a new stake in shares of ASML during the 1st quarter worth about $42,000. Truist Financial Corp lifted its stake in shares of ASML by 29.6% during the 1st quarter. Truist Financial Corp now owns 59,901 shares of the semiconductor company's stock worth $39,692,000 after buying an additional 13,690 shares during the last quarter. Finally, Capital Investment Advisory Services LLC lifted its stake in shares of ASML by 124.5% during the 1st quarter. Capital Investment Advisory Services LLC now owns 752 shares of the semiconductor company's stock worth $498,000 after buying an additional 417 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ASML. Sanford C. Bernstein began coverage on shares of ASML in a research note on Tuesday, June 17th. They set a "market perform" rating and a $806.00 target price for the company. Citigroup reaffirmed a "buy" rating on shares of ASML in a research report on Monday, May 19th. Susquehanna lowered their price target on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Barclays reaffirmed an "equal weight" rating on shares of ASML in a research report on Tuesday, June 3rd. Finally, Jefferies Financial Group lowered shares of ASML from a "buy" rating to a "hold" rating in a research report on Thursday, June 26th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, ASML currently has an average rating of "Moderate Buy" and a consensus price target of $913.80.

ASML Stock Down 0.7%

NASDAQ:ASML opened at $794.20 on Friday. The company has a market cap of $312.45 billion, a PE ratio of 33.47, a P/E/G ratio of 1.66 and a beta of 1.73. ASML Holding N.V. has a one year low of $578.51 and a one year high of $1,110.09. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.52 and a quick ratio of 0.91. The firm'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 results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.12 by $0.19. The firm had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. ASML had a net margin of 28.32% and a return on equity of 51.82%. On average, research analysts anticipate that ASML Holding N.V. 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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