Marshall Financial Group LLC Purchases 24 Shares of ASML Holding (NASDAQ:ASML)

Marshall Financial Group LLC raised its position in shares of ASML Holding (NASDAQ:ASML) by 1.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,642 shares of the semiconductor company’s stock after purchasing an additional 24 shares during the period. Marshall Financial Group LLC’s holdings in ASML were worth $1,368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in ASML. KP Management LLC raised its position in shares of ASML by 66.7% in the 2nd quarter. KP Management LLC now owns 5,000 shares of the semiconductor company’s stock worth $5,114,000 after acquiring an additional 2,000 shares in the last quarter. Harvard Management Co. Inc. raised its holdings in ASML by 239.8% in the second quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock worth $95,645,000 after purchasing an additional 66,000 shares in the last quarter. Salem Investment Counselors Inc. raised its holdings in ASML by 41.1% in the first quarter. Salem Investment Counselors Inc. now owns 3,457 shares of the semiconductor company’s stock worth $3,355,000 after purchasing an additional 1,007 shares in the last quarter. Point72 DIFC Ltd lifted its position in shares of ASML by 122.1% during the second quarter. Point72 DIFC Ltd now owns 6,415 shares of the semiconductor company’s stock valued at $6,560,000 after buying an additional 3,527 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of ASML by 169.4% in the 1st quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock valued at $22,661,000 after buying an additional 14,682 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ASML shares. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company cut their price objective on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. 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 stock. According to MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and a consensus price target of $1,018.00.

ASML Trading Up 2.5 %

Shares of ASML stock opened at $700.60 on Friday. The firm has a 50-day simple moving average of $837.18 and a two-hundred day simple moving average of $918.35. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. ASML Holding has a fifty-two week low of $573.86 and a fifty-two week high of $1,110.09. The company has a market cap of $276.45 billion, a P/E ratio of 35.78, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48.

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