Renaissance Technologies LLC Makes New $270,000 Investment in ASML Holding (NASDAQ:ASML)

Renaissance Technologies LLC purchased a new position in ASML Holding (NASDAQ:ASML - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 386 shares of the semiconductor company's stock, valued at approximately $270,000.

Other hedge funds also recently bought and sold shares of the company. Bank of Nova Scotia grew its position in shares of ASML by 269.1% in the fourth quarter. Bank of Nova Scotia now owns 7,119 shares of the semiconductor company's stock valued at $4,934,000 after purchasing an additional 5,190 shares during the period. Shelton Capital Management increased its stake in ASML by 1.4% during the 4th quarter. Shelton Capital Management now owns 12,402 shares of the semiconductor company's stock worth $8,596,000 after buying an additional 177 shares in the last quarter. Canopy Partners LLC lifted its position in shares of ASML by 10.0% in the fourth quarter. Canopy Partners LLC now owns 638 shares of the semiconductor company's stock valued at $442,000 after acquiring an additional 58 shares in the last quarter. Legal & General Group Plc lifted its holdings in ASML by 28.0% in the 4th quarter. Legal & General Group Plc now owns 24,554 shares of the semiconductor company's stock valued at $17,018,000 after purchasing an additional 5,377 shares in the last quarter. Finally, Aristides Capital LLC acquired a new position in ASML during the fourth quarter worth about $1,663,000. Hedge funds and other institutional investors own 26.07% of the company's stock.

ASML Stock Up 3.0 %

Shares of NASDAQ ASML traded up $20.40 during mid-day trading on Wednesday, hitting $700.39. The company had a trading volume of 1,041,025 shares, compared to its average volume of 1,637,699. The company has a market capitalization of $275.55 billion, a PE ratio of 33.67, a price-to-earnings-growth ratio of 1.62 and a beta of 1.75. The business's 50-day simple moving average is $679.24 and its 200 day simple moving average is $701.99. ASML Holding has a 1-year low of $578.51 and a 1-year high of $1,110.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, beating 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 company had revenue of $8.77 billion for the quarter, compared to analyst estimates of $7.90 billion. On average, analysts predict that ASML Holding will post 25.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wells Fargo & Company reduced their price objective on ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. DZ Bank raised shares of ASML from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. cut their price objective on shares of ASML from $1,148.00 to $1,100.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Finally, Susquehanna reduced their target price on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, ASML currently has a consensus rating of "Moderate Buy" and a consensus 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.