Pinnacle Investment Management Ltd Purchases Shares of 1,000 ASML Holding (NASDAQ:ASML)

Pinnacle Investment Management Ltd bought a new position in ASML Holding (NASDAQ:ASML - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,000 shares of the semiconductor company's stock, valued at approximately $693,000. ASML makes up 0.5% of Pinnacle Investment Management Ltd's portfolio, making the stock its 16th biggest holding.

Several other institutional investors have also recently made changes to their positions in ASML. Cyndeo Wealth Partners LLC grew 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 buying an additional 14 shares during the period. Trust Point Inc. grew its position in ASML by 2.4% during the fourth quarter. Trust Point Inc. now owns 606 shares of the semiconductor company's stock valued at $420,000 after buying an additional 14 shares during the period. Sunpointe LLC grew its position in ASML by 1.3% during the fourth quarter. Sunpointe LLC now owns 1,114 shares of the semiconductor company's stock valued at $772,000 after buying an additional 14 shares during the period. Wealth Quarterback LLC lifted its holdings in ASML by 1.1% during the fourth quarter. Wealth Quarterback LLC now owns 1,331 shares of the semiconductor company's stock valued at $923,000 after purchasing an additional 15 shares during the last quarter. Finally, Sfmg LLC lifted its holdings in ASML by 3.0% during the fourth quarter. Sfmg LLC now owns 511 shares of the semiconductor company's stock valued at $354,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 26.07% of the company's stock.

ASML Price Performance

Shares of ASML stock traded down $8.21 on Friday, reaching $732.49. The stock had a trading volume of 1,524,100 shares, compared to its average volume of 1,669,467. ASML Holding has a 1 year low of $578.51 and a 1 year high of $1,110.09. The company has a market cap of $288.18 billion, a P/E ratio of 35.22, a price-to-earnings-growth ratio of 1.62 and a beta of 1.75. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The business's 50 day moving average is $686.48 and its two-hundred day moving average is $706.03.

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 the consensus estimate of $6.12 by $0.19. The company had revenue of $8.77 billion for the quarter, compared to analysts' expectations of $7.90 billion. ASML had a net margin of 26.78% and a return on equity of 47.73%. As a group, research analysts anticipate that ASML Holding will post 25.17 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on ASML. Citigroup reaffirmed a "buy" rating on shares of ASML in a report on Monday, May 19th. DZ Bank raised shares of ASML from a "hold" rating to a "buy" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. dropped their price objective on shares of ASML from $1,148.00 to $1,100.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Susquehanna dropped their price objective on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Finally, Wells Fargo & Company dropped their price objective on shares of ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $906.00.

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.