Farmers & Merchants Investments Inc. Has $8.93 Million Stock Holdings in ASML Holding (NASDAQ:ASML)

Farmers & Merchants Investments Inc. raised its holdings in shares of ASML Holding (NASDAQ:ASML) by 168.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,482 shares of the semiconductor company’s stock after purchasing an additional 8,452 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in ASML were worth $8,934,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Figure 8 Investment Strategies LLC bought a new position in ASML during the 4th quarter worth $1,239,000. Savant Capital LLC increased its position in ASML by 22.4% during the 4th quarter. Savant Capital LLC now owns 907 shares of the semiconductor company’s stock worth $629,000 after buying an additional 166 shares during the period. Rhumbline Advisers increased its position in ASML by 12.7% during the 1st quarter. Rhumbline Advisers now owns 8,407 shares of the semiconductor company’s stock worth $5,571,000 after buying an additional 947 shares during the period. Focus Financial Network Inc. increased its position in ASML by 154.5% during the 4th quarter. Focus Financial Network Inc. now owns 644 shares of the semiconductor company’s stock worth $446,000 after buying an additional 391 shares during the period. Finally, V Square Quantitative Management LLC increased its position in ASML by 30.0% during the 4th quarter. V Square Quantitative Management LLC now owns 1,492 shares of the semiconductor company’s stock worth $1,051,000 after buying an additional 344 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Citigroup reiterated a “buy” rating on shares of ASML in a research report on Monday, May 19th. Wells Fargo & Company reduced their price objective on shares of ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Barclays reiterated an “equal weight” rating on shares of ASML in a research note on Tuesday, June 3rd. Finally, Susquehanna reduced their price objective 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. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and an average target price of $906.00.

ASML Trading Down 3.2%

Shares of ASML stock opened at $761.00 on Friday. The company has a market capitalization of $299.39 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 1.62 and a beta of 1.74. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. ASML Holding has a 12-month low of $578.51 and a 12-month high of $1,110.09. The firm’s 50-day moving average price is $710.27 and its two-hundred day moving average price is $714.56.

ASML (NASDAQ:ASML) last issued its quarterly earnings data 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. The business had revenue of $8.77 billion during the quarter, compared to analyst estimates of $7.90 billion. ASML had a net margin of 26.78% and a return on equity of 47.73%. On average, analysts forecast that ASML Holding will post 25.17 earnings per share 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.