Western Pacific Wealth Management LP Buys 75 Shares of ASML Holding (NASDAQ:ASML)

Western Pacific Wealth Management LP increased its stake in shares of ASML Holding (NASDAQ:ASML) by 24.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 384 shares of the semiconductor company’s stock after purchasing an additional 75 shares during the quarter. Western Pacific Wealth Management LP’s holdings in ASML were worth $254,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Savant Capital LLC increased its stake in shares of ASML by 22.4% in the fourth quarter. Savant Capital LLC now owns 907 shares of the semiconductor company’s stock worth $629,000 after buying an additional 166 shares during the period. Gladstone Institutional Advisory LLC bought a new stake in ASML in the 4th quarter worth $230,000. Allspring Global Investments Holdings LLC increased its position in shares of ASML by 22.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,102 shares of the semiconductor company’s stock valued at $4,974,000 after acquiring an additional 1,279 shares during the period. Manchester Capital Management LLC boosted its holdings in shares of ASML by 52.3% during the fourth quarter. Manchester Capital Management LLC now owns 99 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 34 shares during the period. Finally, Aveo Capital Partners LLC grew its stake in shares of ASML by 13.6% in the fourth quarter. Aveo Capital Partners LLC now owns 567 shares of the semiconductor company’s stock worth $393,000 after purchasing an additional 68 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays reissued an “equal weight” rating on shares of ASML in a research note on Tuesday, June 3rd. Citigroup reissued a “buy” rating on shares of ASML in a research report on Monday, May 19th. Susquehanna decreased their price target on shares of ASML from $1,100.00 to $965.00 and set a “positive” rating for the company in a research note on Thursday, April 17th. Finally, Wells Fargo & Company dropped their price objective on shares of ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and a consensus target price of $906.00.

ASML Stock Performance

Shares of ASML stock opened at $761.00 on Monday. ASML Holding has a 1 year low of $578.51 and a 1 year high of $1,110.09. The firm’s 50-day moving average is $710.27 and its 200 day moving average is $715.17. The stock has a market cap of $299.39 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 1.62 and a beta of 1.74. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99.

ASML (NASDAQ:ASML) last issued 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. ASML had a net margin of 26.78% and a return on equity of 47.73%. The firm had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. Sell-side analysts anticipate that ASML Holding will post 25.17 EPS for the current fiscal 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.