Sovereign Financial Group Inc. Has $370,000 Holdings in ASML Holding (NASDAQ:ASML)

Sovereign Financial Group Inc. grew its holdings in ASML Holding (NASDAQ:ASML) by 17.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 558 shares of the semiconductor company’s stock after purchasing an additional 82 shares during the quarter. Sovereign Financial Group Inc.’s holdings in ASML were worth $370,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wellington Shields & Co. LLC lifted its position in ASML by 740.0% during the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company’s stock worth $29,000 after buying an additional 37 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new position in ASML during the 4th quarter worth about $31,000. Roxbury Financial LLC acquired a new position in shares of ASML during the fourth quarter worth approximately $39,000. Tradewinds Capital Management LLC lifted its position in shares of ASML by 96.7% during the fourth quarter. Tradewinds Capital Management LLC now owns 59 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 29 shares in the last quarter. Finally, Investment Management Corp VA ADV acquired a new position in shares of ASML during the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Performance

Shares of ASML stock opened at $753.02 on Friday. 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’s fifty day simple moving average is $694.72 and its 200 day simple moving average is $711.27. ASML Holding has a 12 month low of $578.51 and a 12 month high of $1,110.09. The company has a market capitalization of $296.25 billion, a PE ratio of 36.20, a PEG ratio of 1.62 and a beta of 1.74.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, topping the consensus estimate of $6.12 by $0.19. The firm had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. ASML had a net margin of 26.78% and a return on equity of 47.73%. On average, research analysts predict that ASML Holding will post 25.17 EPS for the current year.

Analysts Set New Price Targets

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

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.