Sanibel Captiva Trust Company Inc. Buys 11,830 Shares of ASML Holding (NASDAQ:ASML)

Sanibel Captiva Trust Company Inc. grew its position in shares of ASML Holding (NASDAQ:ASML) by 183.3% in the fourth quarter, HoldingsChannel reports. The fund owned 18,285 shares of the semiconductor company’s stock after acquiring an additional 11,830 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in ASML were worth $12,673,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ASML. Central Pacific Bank Trust Division bought a new position in ASML in the fourth quarter valued at $1,174,000. Taurus Asset Management LLC bought a new position in shares of ASML in the 3rd quarter valued at about $16,994,000. State Street Corp increased its position in shares of ASML by 5.2% in the third quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock valued at $117,323,000 after acquiring an additional 7,010 shares during the last quarter. Stockman Wealth Management Inc. boosted its position in ASML by 7.2% during the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock valued at $12,800,000 after purchasing an additional 1,032 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of ASML by 7.5% in the 3rd quarter. US Bancorp DE now owns 47,601 shares of the semiconductor company’s stock valued at $39,664,000 after buying an additional 3,321 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ASML has been the subject of several research analyst reports. BNP Paribas assumed coverage on ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price for the company. Sanford C. Bernstein dropped their price objective on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Susquehanna decreased their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Finally, Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $955.50.

ASML Stock Performance

NASDAQ ASML opened at $756.33 on Friday. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09. The firm has a 50-day moving average price of $704.98 and a two-hundred day moving average price of $800.97. The company has a market capitalization of $297.56 billion, a P/E ratio of 39.60, a P/E/G ratio of 2.30 and a beta of 1.47. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping 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 return on equity of 47.61% and a net margin of 26.40%. Analysts anticipate that ASML Holding will post 20.57 earnings per share 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.