Norris Perne & French LLP MI Grows Stock Holdings in ASML Holding (NASDAQ:ASML)

Norris Perne & French LLP MI grew its position in ASML Holding (NASDAQ:ASML) by 22.9% during the 4th quarter, HoldingsChannel reports. The fund owned 311 shares of the semiconductor company’s stock after purchasing an additional 58 shares during the period. Norris Perne & French LLP MI’s holdings in ASML were worth $216,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Fairway Wealth LLC bought a new stake in shares of ASML in the third quarter valued at about $25,000. Milestone Investment Advisors LLC bought a new position in shares of ASML during the third quarter valued at approximately $28,000. Fortitude Family Office LLC increased its holdings in ASML by 46.9% during the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 15 shares during the period. Albion Financial Group UT raised its stake in ASML by 133.3% in the fourth quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock worth $39,000 after buying an additional 32 shares in the last quarter. Finally, Sugar Maple Asset Management LLC purchased a new stake in ASML during the fourth quarter worth $42,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Up 3.4 %

ASML stock opened at $736.99 on Friday. The firm’s fifty day simple moving average is $716.70 and its 200-day simple moving average is $778.07. The company has a market capitalization of $289.95 billion, a P/E ratio of 38.59, a price-to-earnings-growth ratio of 2.39 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 12 month low of $645.45 and a 12 month high of $1,110.09.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a net margin of 26.40% and a return on equity of 47.61%. As a group, equities research analysts forecast that ASML Holding will post 20.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company upped their price objective on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Sanford C. Bernstein lowered their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. Susquehanna decreased their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. BNP Paribas began coverage on ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price on the stock. Finally, DZ Bank upgraded ASML from a “hold” rating to a “buy” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and an average target price of $937.00.

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.