ASML Holding (NASDAQ:ASML) Position Increased by Cascade Investment Group Inc.

Cascade Investment Group Inc. raised its holdings in shares of ASML Holding (NASDAQ:ASML) by 7.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 458 shares of the semiconductor company’s stock after purchasing an additional 31 shares during the period. Cascade Investment Group Inc.’s holdings in ASML were worth $382,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ASML. Resources Management Corp CT ADV bought a new position in shares of ASML during the second quarter worth about $26,000. WD Rutherford LLC bought a new position in shares of ASML during the first quarter worth about $29,000. Triad Wealth Partners LLC bought a new position in shares of ASML during the second quarter worth about $31,000. First Community Trust NA bought a new position in shares of ASML during the second quarter worth about $34,000. Finally, POM Investment Strategies LLC bought a new position in shares of ASML during the second quarter worth about $36,000. Institutional investors own 26.07% of the company’s stock.

ASML Price Performance

ASML stock opened at $730.43 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. ASML Holding has a one year low of $573.86 and a one year high of $1,110.09. The firm has a market capitalization of $288.22 billion, a PE ratio of 37.30, a P/E/G ratio of 2.08 and a beta of 1.48. The firm has a 50-day moving average of $843.76 and a two-hundred day moving average of $921.53.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ASML. Wells Fargo & Company decreased their target price on shares of ASML from $1,185.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, Susquehanna cut their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and an average price target of $1,071.80.

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.