Simmons Bank Makes New Investment in ASML Holding N.V. (NASDAQ:ASML)

Simmons Bank bought a new position in ASML Holding N.V. (NASDAQ:ASML - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,990 shares of the semiconductor company's stock, valued at approximately $1,981,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ASML. Putney Financial Group LLC lifted its holdings in shares of ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after buying an additional 29 shares during the last quarter. Wellington Shields & Co. LLC lifted its position in shares of ASML by 740.0% during the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock worth $29,000 after buying an additional 37 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of ASML in the 1st quarter valued at $35,000. Pinnacle Bancorp Inc. acquired a new stake in shares of ASML during the first quarter worth approximately $42,000. Finally, Olde Wealth Management LLC bought a new position in ASML in the 1st quarter valued at $42,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Performance

Shares of ASML traded down $9.41 during midday trading on Monday, reaching $785.09. The stock had a trading volume of 1,362,477 shares, compared to its average volume of 1,709,516. The firm has a market cap of $308.87 billion, a PE ratio of 33.08, a P/E/G ratio of 1.66 and a beta of 1.73. The firm has a 50 day simple moving average of $749.55 and a 200-day simple moving average of $722.83. ASML Holding N.V. has a one year low of $578.51 and a one year high of $1,110.09. The company has a current ratio of 1.52, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, topping analysts' consensus estimates of $6.12 by $0.19. ASML had a return on equity of 51.82% and a net margin of 28.32%. The firm had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. As a group, sell-side analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ASML shares. Wells Fargo & Company lowered their price target on shares of ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Jefferies Financial Group cut shares of ASML from a "buy" rating to a "hold" rating in a report on Thursday, June 26th. Sanford C. Bernstein initiated coverage on ASML in a report on Tuesday, June 17th. They set a "market perform" rating and a $806.00 price objective on the stock. Barclays reissued an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. Finally, Citigroup reiterated a "buy" rating on shares of ASML in a report on Monday, May 19th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, ASML currently has a consensus rating of "Moderate Buy" and an average price target of $913.80.

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.