Werlinich Asset Management LLC Purchases Shares of 1,960 ASML Holding (NASDAQ:ASML)

Werlinich Asset Management LLC acquired a new stake in shares of ASML Holding (NASDAQ:ASML) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,960 shares of the semiconductor company’s stock, valued at approximately $1,364,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Fairway Wealth LLC acquired a new position in ASML in the third quarter valued at approximately $25,000. Resources Management Corp CT ADV purchased a new stake in ASML during the second quarter worth $26,000. Milestone Investment Advisors LLC acquired a new stake in ASML during the third quarter valued at $28,000. Fortitude Family Office LLC increased its holdings in ASML by 46.9% in 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 in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of ASML in the third quarter worth about $43,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. BNP Paribas started coverage on ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target for the company. 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 research report on Friday, October 11th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein decreased their target price on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. Finally, Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $955.50.

ASML Stock Up 3.3 %

Shares of NASDAQ:ASML opened at $750.28 on Friday. The company has a market capitalization of $295.18 billion, a price-to-earnings ratio of 39.28, a PEG ratio of 2.30 and a beta of 1.47. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09. The business has a 50-day moving average price of $703.52 and a 200 day moving average price of $801.32. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last released its quarterly earnings results 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 net margin of 26.40% and a return on equity of 47.61%. Sell-side analysts expect that ASML Holding will post 20.57 EPS for the current 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.