Tamar Securities LLC Has $19.04 Million Position in ASML Holding (NASDAQ:ASML)

Tamar Securities LLC grew its stake in ASML Holding (NASDAQ:ASML) by 27.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,851 shares of the semiconductor company’s stock after acquiring an additional 4,888 shares during the period. ASML accounts for about 2.7% of Tamar Securities LLC’s investment portfolio, making the stock its 15th biggest position. Tamar Securities LLC’s holdings in ASML were worth $19,041,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ASML. American International Group Inc. raised its stake in shares of ASML by 3.2% in the fourth quarter. American International Group Inc. now owns 6,100 shares of the semiconductor company’s stock worth $4,617,000 after acquiring an additional 192 shares during the last quarter. NBC Securities Inc. raised its stake in shares of ASML by 63.1% during the first quarter. NBC Securities Inc. now owns 106 shares of the semiconductor company’s stock worth $112,000 after buying an additional 41 shares during the last quarter. First Hawaiian Bank raised its stake in shares of ASML by 258.7% during the first quarter. First Hawaiian Bank now owns 1,076 shares of the semiconductor company’s stock worth $1,044,000 after buying an additional 776 shares during the last quarter. Mather Group LLC. bought a new stake in shares of ASML during the first quarter worth approximately $188,000. Finally, Foster Group Inc. bought a new stake in shares of ASML during the first quarter worth approximately $287,000. 26.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ASML has been the subject of a number of recent research reports. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Susquehanna lowered their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of ASML from $1,202.00 to $1,207.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,071.80.

ASML Stock Down 6.4 %

ASML stock opened at $683.52 on Thursday. ASML Holding has a twelve month low of $573.86 and a twelve month high of $1,110.09. The company has a 50 day moving average of $840.70 and a 200-day moving average of $919.87. The stock has a market capitalization of $269.71 billion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping the consensus estimate of $3.87 by $0.14. ASML had a net margin of 26.50% and a return on equity of 49.93%. The business had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the prior year, the company posted $5.37 earnings per share. The firm’s revenue was down 9.5% on a year-over-year basis. On average, equities research analysts anticipate that ASML Holding will post 20.38 EPS for the current fiscal 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.