Sweeney & Michel LLC Makes New Investment in ASML Holding (NASDAQ:ASML)

Sweeney & Michel LLC purchased a new position in ASML Holding (NASDAQ:ASML - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 737 shares of the semiconductor company's stock, valued at approximately $488,000.

Other institutional investors have also recently bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new position in ASML in the 4th quarter worth about $337,000. Prudent Investors Network Inc. purchased a new position in ASML in the 4th quarter worth about $284,000. Mather Group LLC. increased its stake in ASML by 13.8% in the 4th quarter. Mather Group LLC. now owns 412 shares of the semiconductor company's stock worth $286,000 after purchasing an additional 50 shares in the last quarter. Capital Insight Partners LLC increased its stake in ASML by 9.4% in the 4th quarter. Capital Insight Partners LLC now owns 4,691 shares of the semiconductor company's stock worth $3,251,000 after purchasing an additional 404 shares in the last quarter. Finally, Figure 8 Investment Strategies LLC purchased a new position in ASML in the 4th quarter worth about $1,239,000. Hedge funds and other institutional investors own 26.07% of the company's stock.

ASML Trading Up 1.6%

ASML stock traded up $12.09 during mid-day trading on Thursday, hitting $754.87. The stock had a trading volume of 867,187 shares, compared to its average volume of 1,672,273. The stock has a 50-day simple moving average of $691.30 and a two-hundred day simple moving average of $709.71. The stock has a market capitalization of $296.98 billion, a PE ratio of 36.29, a P/E/G ratio of 1.62 and a beta of 1.74. ASML Holding has a 12 month low of $578.51 and a 12 month high of $1,110.09. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ASML shares. Barclays reaffirmed an "equal weight" rating on shares of ASML in a research note on Tuesday. Susquehanna lowered their price target on ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company reduced their target price on ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, Citigroup reiterated a "buy" rating on shares of ASML in a report on Monday, May 19th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, ASML presently has a consensus rating of "Moderate Buy" and an average price target of $906.00.

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.