Westside Investment Management Inc. Purchases 701 Shares of ASML Holding N.V. (NASDAQ:ASML)

Westside Investment Management Inc. grew its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 3,505.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 721 shares of the semiconductor company's stock after acquiring an additional 701 shares during the quarter. Westside Investment Management Inc.'s holdings in ASML were worth $478,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ASML. Sfmg LLC boosted its holdings in ASML by 3.0% during the fourth quarter. Sfmg LLC now owns 511 shares of the semiconductor company's stock worth $354,000 after purchasing an additional 15 shares during the last quarter. Norinchukin Bank The lifted its position in ASML by 1.8% during the 4th quarter. Norinchukin Bank The now owns 857 shares of the semiconductor company's stock worth $594,000 after buying an additional 15 shares in the last quarter. Coppell Advisory Solutions LLC boosted its stake in shares of ASML by 18.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 96 shares of the semiconductor company's stock worth $67,000 after buying an additional 15 shares during the last quarter. Ethos Financial Group LLC grew its holdings in shares of ASML by 5.6% in the 4th quarter. Ethos Financial Group LLC now owns 302 shares of the semiconductor company's stock valued at $209,000 after acquiring an additional 16 shares in the last quarter. Finally, Nilsine Partners LLC increased its position in shares of ASML by 2.6% in the first quarter. Nilsine Partners LLC now owns 631 shares of the semiconductor company's stock valued at $418,000 after acquiring an additional 16 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ASML has been the topic of several analyst reports. Susquehanna dropped their target price on ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Citigroup reiterated a "buy" rating on shares of ASML in a research note on Monday, May 19th. Wells Fargo & Company cut their price objective on ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Barclays restated an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Finally, Sanford C. Bernstein initiated coverage on shares of ASML in a research note on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 price target for the company. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $913.80.

ASML Stock Down 0.3%

ASML opened at $795.95 on Monday. The stock's fifty day simple moving average is $735.42 and its 200 day simple moving average is $720.22. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $1,110.09. The stock has a market cap of $313.14 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 1.54 and a beta of 1.74. 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 released its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, beating the consensus estimate of $6.12 by $0.19. The firm had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. ASML had a net margin of 28.32% and a return on equity of 51.82%. As a group, research analysts expect that ASML Holding N.V. will post 25.17 earnings per share for the current year.

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.

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