Perennial Advisors LLC Makes New Investment in ASML Holding (NASDAQ:ASML)

Perennial Advisors LLC purchased a new position in ASML Holding (NASDAQ:ASML - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,592 shares of the semiconductor company's stock, valued at approximately $1,055,000.

A number of other hedge funds also recently bought and sold shares of the company. Wellington Shields & Co. LLC lifted its stake in ASML by 740.0% during the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 37 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new stake in ASML during the 4th quarter valued at approximately $31,000. Roxbury Financial LLC purchased a new stake in ASML during the 4th quarter valued at approximately $39,000. Tradewinds Capital Management LLC grew its holdings in ASML by 96.7% during the 4th quarter. Tradewinds Capital Management LLC now owns 59 shares of the semiconductor company's stock valued at $41,000 after buying an additional 29 shares in the last quarter. Finally, Investment Management Corp VA ADV purchased a new stake in ASML during the 4th quarter valued at approximately $46,000. Institutional investors own 26.07% of the company's stock.

ASML Trading Up 0.7%

ASML traded up $5.26 during trading on Friday, reaching $753.02. The company had a trading volume of 1,345,054 shares, compared to its average volume of 1,673,946. The stock has a market cap of $296.25 billion, a P/E ratio of 36.20, a PEG ratio of 1.62 and a beta of 1.74. The business has a 50 day simple moving average of $694.72 and a 200-day simple moving average of $711.27. ASML Holding has a 52 week low of $578.51 and a 52 week high of $1,110.09. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20.

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 company had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $7.90 billion. ASML had a return on equity of 47.73% and a net margin of 26.78%. On average, equities analysts anticipate that ASML Holding will post 25.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ASML has been the subject of a number of research reports. Citigroup reiterated a "buy" rating on shares of ASML in a research report on Monday, May 19th. Wells Fargo & Company lowered their target price on ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Susquehanna lowered their target price on ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. Finally, Barclays reiterated an "equal weight" rating on shares of ASML in a research report on Tuesday, June 3rd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ASML presently has an average rating of "Moderate Buy" and an average price target of $906.00.

About ASML

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.