Nan Shan Life Insurance Co. Ltd. Boosts Holdings in ASML Holding (NASDAQ:ASML)

Nan Shan Life Insurance Co. Ltd. raised its holdings in shares of ASML Holding (NASDAQ:ASML) by 3,694.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 72,892 shares of the semiconductor company’s stock after acquiring an additional 70,971 shares during the period. ASML comprises about 1.2% of Nan Shan Life Insurance Co. Ltd.’s portfolio, making the stock its 22nd biggest holding. Nan Shan Life Insurance Co. Ltd.’s holdings in ASML were worth $50,520,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Kennebec Savings Bank lifted its holdings in ASML by 227.3% during the fourth quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 25 shares in the last quarter. Wellington Shields & Co. LLC raised its position in shares of ASML by 740.0% during the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 37 shares during the period. Halbert Hargrove Global Advisors LLC bought a new stake in shares of ASML during the 4th quarter valued at $31,000. Albion Financial Group UT lifted its stake in shares of ASML by 133.3% during the 4th quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 32 shares in the last quarter. Finally, Roxbury Financial LLC bought a new position in ASML in the 4th quarter worth $39,000. 26.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Susquehanna decreased their target price on ASML from $1,100.00 to $965.00 and set a “positive” rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. dropped their price target on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $906.00.

ASML Stock Performance

Shares of NASDAQ:ASML opened at $763.90 on Wednesday. The firm has a fifty day simple moving average of $680.38 and a two-hundred day simple moving average of $702.42. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $300.54 billion, a P/E ratio of 36.73, a PEG ratio of 1.62 and a beta of 1.75. ASML Holding has a 52 week low of $578.51 and a 52 week high of $1,110.09.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, topping the consensus estimate of $6.12 by $0.19. ASML had a return on equity of 47.73% and a net margin of 26.78%. The company had revenue of $8.77 billion during the quarter, compared to analyst estimates of $7.90 billion. On average, analysts expect that ASML Holding will post 25.17 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.