Sagespring Wealth Partners LLC Grows Stock Position in ASML Holding N.V. $ASML

Key Points

• Sagespring Wealth Partners LLC increased its stake in ASML Holding N.V. by 20.4% during the second quarter, bringing its total holdings to 1,594 shares valued at approximately $1,277,000.
• ASML's stock has a current price of $983.18, with a 1-year range between $578.51 and $1,059.00, as well as a market cap of $386.67 billion.
• Analysts upgraded ASML's rating to "outperform" and "buy," with a consensus target price of $1,001.60, indicating positive sentiment towards the stock's future performance.

Sagespring Wealth Partners LLC boosted its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 20.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,594 shares of the semiconductor company's stock after acquiring an additional 270 shares during the period. Sagespring Wealth Partners LLC's holdings in ASML were worth $1,277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ASML. GAMMA Investing LLC increased its stake in shares of ASML by 6.0% during the 1st quarter. GAMMA Investing LLC now owns 2,114 shares of the semiconductor company's stock worth $1,401,000 after purchasing an additional 119 shares in the last quarter. CX Institutional acquired a new stake in ASML during the 1st quarter valued at $68,000. Wealth Enhancement Advisory Services LLC increased its position in ASML by 2.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,418 shares of the semiconductor company's stock worth $22,806,000 after buying an additional 763 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new position in shares of ASML in the first quarter worth $252,000. Finally, Cyndeo Wealth Partners LLC lifted its position in shares of ASML by 24.3% in the first quarter. Cyndeo Wealth Partners LLC now owns 3,986 shares of the semiconductor company's stock valued at $2,641,000 after acquiring an additional 778 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

ASML Price Performance

ASML stock opened at $983.18 on Wednesday. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $1,059.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.81 and a current ratio of 1.43. The firm has a 50 day moving average price of $845.63 and a 200 day moving average price of $766.66. The company has a market cap of $386.67 billion, a price-to-earnings ratio of 41.03, a PEG ratio of 1.66 and a beta of 1.87.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share for the quarter, missing analysts' consensus estimates of $5.94 by ($1.39). ASML had a net margin of 26.95% and a return on equity of 49.47%. The company had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.72 billion. During the same quarter last year, the business earned $4.01 EPS. The firm's revenue for the quarter was up 23.2% compared to the same quarter last year. Sell-side analysts predict that ASML Holding N.V. will post 25.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ASML shares. Mizuho raised shares of ASML from a "neutral" rating to an "outperform" rating in a research note on Monday, September 29th. Barclays reissued an "overweight" rating on shares of ASML in a research report on Tuesday, September 30th. Citigroup reissued a "buy" rating on shares of ASML in a research note on Tuesday, October 7th. DZ Bank reaffirmed a "neutral" rating on shares of ASML in a research note on Thursday, September 25th. Finally, Susquehanna boosted their price target on ASML from $965.00 to $1,150.00 and gave the company a "positive" rating in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,001.60.

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.

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