Alpha Cubed Investments LLC Makes New $219,000 Investment in ASML Holding NV (NASDAQ:ASML)

Alpha Cubed Investments LLC acquired a new stake in ASML Holding NV (NASDAQ:ASML) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 595 shares of the semiconductor company’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Covington Capital Management raised its position in shares of ASML by 0.3% in the fourth quarter. Covington Capital Management now owns 11,565 shares of the semiconductor company’s stock valued at $3,423,000 after purchasing an additional 35 shares during the period. Banco de Sabadell S.A raised its position in shares of ASML by 0.8% in the first quarter. Banco de Sabadell S.A now owns 5,391 shares of the semiconductor company’s stock valued at $1,411,000 after purchasing an additional 41 shares during the period. Greenleaf Trust raised its position in shares of ASML by 2.1% in the first quarter. Greenleaf Trust now owns 2,174 shares of the semiconductor company’s stock valued at $569,000 after purchasing an additional 45 shares during the period. Smithfield Trust Co. raised its position in shares of ASML by 5.6% in the first quarter. Smithfield Trust Co. now owns 909 shares of the semiconductor company’s stock valued at $238,000 after purchasing an additional 48 shares during the period. Finally, Morse Asset Management Inc raised its position in shares of ASML by 3.7% in the first quarter. Morse Asset Management Inc now owns 1,405 shares of the semiconductor company’s stock valued at $368,000 after purchasing an additional 50 shares during the period. 17.85% of the stock is currently owned by institutional investors.

Several equities analysts have recently weighed in on the stock. Barclays reissued an “overweight” rating on shares of ASML in a research report on Tuesday, May 26th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of ASML in a research report on Friday. Evercore ISI reaffirmed an “outperform” rating on shares of ASML in a research report on Wednesday, June 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of ASML in a research report on Friday. Finally, Zacks Investment Research raised shares of ASML from a “sell” rating to a “hold” rating in a research report on Monday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $352.75.

ASML stock opened at $388.62 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.79 and a current ratio of 2.72. ASML Holding NV has a 52-week low of $191.25 and a 52-week high of $402.86. The firm has a 50 day moving average price of $356.14 and a two-hundred day moving average price of $304.19. The firm has a market cap of $166.18 billion, a price-to-earnings ratio of 56.00, a PEG ratio of 2.39 and a beta of 1.04.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, April 15th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.01. ASML had a net margin of 21.83% and a return on equity of 21.49%. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.69 billion. As a group, equities research analysts predict that ASML Holding NV will post 7.27 EPS for the current fiscal year.

ASML Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells Holistic Lithography solutions, which integrate its three categories of products, including DUV lithography, EUV lithography, and Applications.

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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