Pinnacle Investment Management Ltd purchased a new stake in shares of ASML Holding (NASDAQ:ASML - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,000 shares of the semiconductor company's stock, valued at approximately $693,000. ASML comprises about 0.5% of Pinnacle Investment Management Ltd's investment portfolio, making the stock its 16th biggest position.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Edgewood Management LLC lifted its position in ASML by 43.1% during the fourth quarter. Edgewood Management LLC now owns 3,186,667 shares of the semiconductor company's stock worth $2,208,615,000 after acquiring an additional 959,696 shares during the last quarter. Amundi increased its stake in shares of ASML by 4,880.5% during the fourth quarter. Amundi now owns 335,284 shares of the semiconductor company's stock worth $247,019,000 after purchasing an additional 328,552 shares during the period. Wellington Management Group LLP boosted its stake in ASML by 53.4% in the 4th quarter. Wellington Management Group LLP now owns 807,257 shares of the semiconductor company's stock valued at $559,494,000 after purchasing an additional 281,156 shares during the period. Raymond James Financial Inc. acquired a new position in ASML in the 4th quarter valued at $175,257,000. Finally, Fisher Funds Management LTD bought a new position in ASML during the 4th quarter worth $137,386,000. 26.07% of the stock is owned by institutional investors.
ASML Stock Down 0.0%
NASDAQ ASML opened at $748.76 on Wednesday. The business has a fifty day moving average price of $685.78 and a two-hundred day moving average price of $704.63. The stock has a market capitalization of $294.58 billion, a PE ratio of 36.00, a PEG ratio of 1.62 and a beta of 1.75. ASML Holding has a fifty-two week low of $578.51 and a fifty-two week high of $1,110.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99.
ASML (NASDAQ:ASML - Get Free Report) last announced 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 business 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%. Equities analysts expect that ASML Holding will post 25.17 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. 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. Wells Fargo & Company lowered their target price 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. JPMorgan Chase & Co. cut their price target on ASML from $1,148.00 to $1,100.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Finally, DZ Bank upgraded ASML from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, ASML currently has an average rating of "Moderate Buy" and a consensus price target of $906.00.
View Our Latest Report on ASML
ASML Company Profile
(
Free Report)
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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