Insight Inv LLC Takes $6.70 Million Position in ASML Holding N.V. (NASDAQ:ASML)

Insight Inv LLC purchased a new position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 10,107 shares of the semiconductor company's stock, valued at approximately $6,697,000. ASML comprises 2.5% of Insight Inv LLC's investment portfolio, making the stock its 7th largest holding.

Several other institutional investors have also bought and sold shares of ASML. Principal Financial Group Inc. grew its position in ASML by 43.0% during the fourth quarter. Principal Financial Group Inc. now owns 10,025 shares of the semiconductor company's stock worth $6,948,000 after buying an additional 3,016 shares in the last quarter. Verus Capital Partners LLC purchased a new position in shares of ASML during the fourth quarter worth about $245,000. SVB Wealth LLC bought a new position in shares of ASML in the fourth quarter worth approximately $877,000. Jacobi Capital Management LLC raised its stake in ASML by 57.3% in the fourth quarter. Jacobi Capital Management LLC now owns 1,711 shares of the semiconductor company's stock valued at $1,186,000 after purchasing an additional 623 shares in the last quarter. Finally, Tower View Wealth Management LLC lifted its position in ASML by 18.0% during the fourth quarter. Tower View Wealth Management LLC now owns 5,992 shares of the semiconductor company's stock valued at $4,153,000 after purchasing an additional 916 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays reissued an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Sanford C. Bernstein assumed coverage on ASML in a research note on Tuesday, June 17th. They set a "market perform" rating and a $806.00 price target for the company. Wells Fargo & Company decreased their price objective on ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Citigroup reaffirmed a "buy" rating on shares of ASML in a research note on Monday, May 19th. Finally, Susquehanna decreased 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 note on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $913.80.

ASML Trading Down 1.6%

Shares of NASDAQ:ASML traded down $13.05 during midday trading on Tuesday, hitting $788.34. 504,098 shares of the stock traded hands, compared to its average volume of 1,698,351. The company has a quick ratio of 0.91, a current ratio of 1.52 and a debt-to-equity ratio of 0.21. The business's 50 day moving average is $738.96 and its two-hundred day moving average is $720.80. The stock has a market capitalization of $310.15 billion, a PE ratio of 33.26, a P/E/G ratio of 1.54 and a beta of 1.74. ASML Holding N.V. has a one year low of $578.51 and a one year high of $1,110.09.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.12 by $0.19. ASML had a return on equity of 51.82% and a net margin of 28.32%. The company had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. As a group, research analysts forecast that ASML Holding N.V. will post 25.17 earnings per share 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.