Concentric Capital Strategies LP Buys Shares of 3,593 ASML Holding (NASDAQ:ASML)

Concentric Capital Strategies LP purchased a new position in shares of ASML Holding (NASDAQ:ASML) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,593 shares of the semiconductor company’s stock, valued at approximately $2,490,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Carnegie Investment Counsel increased its holdings in shares of ASML by 68.9% in the fourth quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock worth $1,475,000 after acquiring an additional 868 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of ASML by 36.7% during the fourth quarter. Foundations Investment Advisors LLC now owns 26,322 shares of the semiconductor company’s stock worth $18,243,000 after acquiring an additional 7,073 shares during the period. Fifth Third Bancorp lifted its position in ASML by 12.2% in the 4th quarter. Fifth Third Bancorp now owns 9,759 shares of the semiconductor company’s stock valued at $6,764,000 after acquiring an additional 1,062 shares in the last quarter. Alpha Cubed Investments LLC boosted its stake in ASML by 33.9% in the 4th quarter. Alpha Cubed Investments LLC now owns 81,564 shares of the semiconductor company’s stock worth $56,530,000 after purchasing an additional 20,651 shares during the period. Finally, Vantage Investment Partners LLC increased its holdings in ASML by 53.3% during the 4th quarter. Vantage Investment Partners LLC now owns 53,290 shares of the semiconductor company’s stock worth $36,934,000 after purchasing an additional 18,523 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. DZ Bank raised ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Wells Fargo & Company dropped their target price on ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Susquehanna decreased their price target on 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, JPMorgan Chase & Co. dropped their price objective on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Two equities research 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $906.00.

ASML Trading Up 3.0 %

ASML stock opened at $700.39 on Thursday. The stock has a market cap of $275.55 billion, a price-to-earnings ratio of 33.67, a price-to-earnings-growth ratio of 1.62 and a beta of 1.75. The company has a fifty day moving average price of $679.07 and a two-hundred day moving average price of $701.98. ASML Holding has a one year low of $578.51 and a one year high of $1,110.09. 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 quarterly earnings data 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. The firm had revenue of $8.77 billion during 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%. Equities analysts anticipate that ASML Holding will post 25.17 EPS for the current year.

About ASML

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.