Essex Savings Bank Buys 194 Shares of ASML Holding (NASDAQ:ASML)

Essex Savings Bank grew its stake in ASML Holding (NASDAQ:ASML) by 21.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,078 shares of the semiconductor company’s stock after acquiring an additional 194 shares during the quarter. Essex Savings Bank’s holdings in ASML were worth $747,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ASML. Armstrong Advisory Group Inc. lifted its position in ASML by 24.5% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 61 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 12 shares in the last quarter. Matrix Private Capital Group LLC lifted its holdings in shares of ASML by 5.5% during the second quarter. Matrix Private Capital Group LLC now owns 248 shares of the semiconductor company’s stock valued at $254,000 after purchasing an additional 13 shares in the last quarter. Bruce G. Allen Investments LLC lifted its holdings in shares of ASML by 21.2% during the third quarter. Bruce G. Allen Investments LLC now owns 80 shares of the semiconductor company’s stock valued at $67,000 after purchasing an additional 14 shares in the last quarter. Fortitude Family Office LLC increased its holdings in ASML by 46.9% in the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after buying an additional 15 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in ASML by 1.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 922 shares of the semiconductor company’s stock worth $768,000 after buying an additional 15 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ASML. Susquehanna dropped their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. BNP Paribas initiated coverage on ASML in a research note on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Wells Fargo & Company increased their target price on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a report on Monday. Finally, Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $955.50.

ASML Trading Down 1.4 %

ASML stock opened at $726.30 on Thursday. The company has a market capitalization of $285.74 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 2.07 and a beta of 1.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. ASML Holding has a 1-year low of $645.45 and a 1-year high of $1,110.09. The business has a 50 day simple moving average of $702.22 and a two-hundred day simple moving average of $801.85.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The business had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. Research analysts anticipate that ASML Holding will post 20.68 EPS for the current fiscal year.

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.