Hohimer Wealth Management LLC Purchases New Stake in ASML Holding N.V. (NASDAQ:ASML)

Hohimer Wealth Management LLC purchased a new position in ASML Holding N.V. (NASDAQ:ASML - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,553 shares of the semiconductor company's stock, valued at approximately $4,342,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ASML. Putney Financial Group LLC boosted its stake in ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after buying an additional 29 shares in the last quarter. Wellington Shields & Co. LLC lifted its holdings in shares of ASML by 740.0% during the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 37 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of ASML during the 1st quarter valued at about $35,000. Pinnacle Bancorp Inc. bought a new stake in ASML in the first quarter valued at about $42,000. Finally, Olde Wealth Management LLC acquired a new position in ASML in the first quarter worth about $42,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Price Performance

Shares of NASDAQ:ASML traded up $4.80 during midday trading on Monday, reaching $806.73. The company's stock had a trading volume of 1,454,600 shares, compared to its average volume of 1,626,958. The business's fifty day simple moving average is $761.93 and its 200-day simple moving average is $725.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.52 and a quick ratio of 0.91. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,098.73. The company has a market capitalization of $317.38 billion, a P/E ratio of 34.00, a P/E/G ratio of 1.68 and a beta of 1.73.

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, beating the consensus estimate of $6.12 by $0.19. ASML had a net margin of 28.32% and a return on equity of 51.82%. The firm had revenue of $8.77 billion during the quarter, compared to analysts' expectations of $7.90 billion. As a group, equities research analysts expect that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on ASML. Citigroup reaffirmed a "buy" rating on shares of ASML in a report on Monday, May 19th. Barclays reiterated an "equal weight" rating on shares of ASML in a research report on Tuesday, June 3rd. Sanford C. Bernstein started coverage on ASML in a report on Tuesday, June 17th. They set a "market perform" rating and a $806.00 price objective for the company. Susquehanna reduced their target price 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, Wells Fargo & Company increased their target price on shares of ASML from $840.00 to $890.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $923.80.

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.