HM Payson & Co. Buys 7,067 Shares of ASML Holding N.V. (NASDAQ:ASML)

HM Payson & Co. increased its stake in ASML Holding N.V. (NASDAQ:ASML) by 7.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,966 shares of the semiconductor company’s stock after acquiring an additional 7,067 shares during the quarter. ASML accounts for approximately 1.2% of HM Payson & Co.’s portfolio, making the stock its 26th largest position. HM Payson & Co.’s holdings in ASML were worth $70,216,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Putney Financial Group LLC increased its stake in shares of ASML by 322.2% in the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 29 shares in the last quarter. Wellington Shields & Co. LLC raised its holdings in ASML by 740.0% during the fourth quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company’s stock worth $29,000 after buying an additional 37 shares during the last quarter. Wayfinding Financial LLC acquired a new position in ASML during the first quarter worth $35,000. Pinnacle Bancorp Inc. acquired a new position in ASML during the first quarter worth $42,000. Finally, Olde Wealth Management LLC acquired a new position in ASML during the first quarter worth $42,000. Institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Susquehanna lowered their price objective on shares of ASML from $1,100.00 to $965.00 and set a “positive” rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company lowered their price objective on shares of ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Jefferies Financial Group downgraded shares of ASML from a “buy” rating to a “hold” rating in a report on Thursday, June 26th. Sanford C. Bernstein assumed coverage on shares of ASML in a report on Tuesday, June 17th. They set a “market perform” rating and a $806.00 price objective on the stock. Finally, Citigroup restated a “buy” rating on shares of ASML in a report on Monday, May 19th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $913.80.

ASML Stock Performance

NASDAQ ASML opened at $794.20 on Friday. ASML Holding N.V. 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 0.21, a current ratio of 1.52 and a quick ratio of 0.91. The firm has a market cap of $312.45 billion, a price-to-earnings ratio of 33.47, a PEG ratio of 1.66 and a beta of 1.73. The company has a fifty day moving average price of $749.55 and a 200-day moving average price of $722.72.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.12 by $0.19. The firm had revenue of $8.77 billion during the quarter, compared to analyst estimates of $7.90 billion. ASML had a net margin of 28.32% and a return on equity of 51.82%. As a group, equities research analysts predict that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

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.