Legacy Financial Strategies LLC Raises Position in ASML Holding (NASDAQ:ASML)

Legacy Financial Strategies LLC grew its holdings in shares of ASML Holding (NASDAQ:ASML) by 6.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,171 shares of the semiconductor company’s stock after buying an additional 69 shares during the quarter. Legacy Financial Strategies LLC’s holdings in ASML were worth $776,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kennebec Savings Bank raised its holdings in shares of ASML by 227.3% in the fourth quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock worth $26,000 after buying an additional 25 shares during the period. Wellington Shields & Co. LLC raised its holdings in shares of ASML by 740.0% in 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 period. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of ASML in the fourth quarter worth approximately $31,000. Roxbury Financial LLC purchased a new stake in shares of ASML in the fourth quarter worth approximately $39,000. Finally, Caitlin John LLC grew its stake in ASML by 78.1% in the fourth quarter. Caitlin John LLC now owns 57 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 25 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Susquehanna dropped their price objective on ASML from $1,100.00 to $965.00 and set a “positive” rating on the stock in a research note on Thursday, April 17th. Citigroup reissued a “buy” rating on shares of ASML in a research note on Monday, May 19th. Finally, Wells Fargo & Company dropped their price objective on ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $906.00.

ASML Stock Performance

NASDAQ ASML opened at $732.52 on Friday. The stock has a fifty day simple moving average of $687.99 and a 200-day simple moving average of $708.25. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The stock has a market cap of $288.19 billion, a PE ratio of 35.22, a P/E/G ratio of 1.62 and a beta of 1.75. ASML Holding has a twelve month low of $578.51 and a twelve month high of $1,110.09.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, beating the consensus estimate of $6.12 by $0.19. ASML had a net margin of 26.78% and a return on equity of 47.73%. The firm had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $7.90 billion. Equities analysts anticipate that ASML Holding will post 25.17 earnings per share for the current 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.