Salem Investment Counselors Inc. Purchases 1,717 Shares of ASML Holding (NASDAQ:ASML)

Salem Investment Counselors Inc. grew its stake in shares of ASML Holding (NASDAQ:ASML - Free Report) by 34.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,752 shares of the semiconductor company's stock after purchasing an additional 1,717 shares during the quarter. Salem Investment Counselors Inc.'s holdings in ASML were worth $4,474,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ASML. Sunpointe LLC lifted its holdings in shares of ASML by 1.3% in the fourth quarter. Sunpointe LLC now owns 1,114 shares of the semiconductor company's stock valued at $772,000 after purchasing an additional 14 shares in the last quarter. Wealth Quarterback LLC raised its stake in shares of ASML by 1.1% in the fourth quarter. Wealth Quarterback LLC now owns 1,331 shares of the semiconductor company's stock valued at $923,000 after buying an additional 15 shares during the period. Sfmg LLC raised its stake in shares of ASML by 3.0% in the fourth quarter. Sfmg LLC now owns 511 shares of the semiconductor company's stock valued at $354,000 after buying an additional 15 shares during the period. Norinchukin Bank The raised its stake in shares of ASML by 1.8% in the fourth quarter. Norinchukin Bank The now owns 857 shares of the semiconductor company's stock valued at $594,000 after buying an additional 15 shares during the period. Finally, Coppell Advisory Solutions LLC raised its stake in shares of ASML by 18.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 96 shares of the semiconductor company's stock valued at $67,000 after buying an additional 15 shares during the period. Institutional investors and hedge funds own 26.07% of the company's stock.

ASML Price Performance

ASML stock traded down $25.21 during midday trading on Friday, hitting $761.00. 1,742,119 shares of the company's stock were exchanged, compared to its average volume of 1,681,964. ASML Holding has a 52-week low of $578.51 and a 52-week high of $1,110.09. The stock has a 50-day moving average price of $706.95 and a two-hundred day moving average price of $713.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53. The company has a market cap of $299.39 billion, a P/E ratio of 36.59, a PEG ratio of 1.62 and a beta of 1.74.

ASML (NASDAQ:ASML - Get Free Report) last posted its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, topping the consensus estimate of $6.12 by $0.19. ASML had a return on equity of 47.73% and a net margin of 26.78%. The business had revenue of $8.77 billion during the quarter, compared to analysts' expectations of $7.90 billion. On average, equities research analysts forecast that ASML Holding will post 25.17 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on ASML. Barclays restated an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. Wells Fargo & Company lowered their target price on ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Susquehanna lowered their target price on ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research note on Thursday, April 17th. Finally, Citigroup restated a "buy" rating on shares of ASML in a research note on Monday, May 19th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.