Penobscot Investment Management Company Inc. Purchases 452 Shares of ASML Holding N.V. (NASDAQ:ASML)

Penobscot Investment Management Company Inc. grew its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 22.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,506 shares of the semiconductor company’s stock after acquiring an additional 452 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in ASML were worth $1,661,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Putney Financial Group LLC increased its holdings in shares of ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 29 shares in the last quarter. Wellington Shields & Co. LLC increased its holdings in shares of ASML by 740.0% during the fourth quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 37 shares in the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in shares of ASML during the fourth quarter valued at approximately $31,000. Pinnacle Bancorp Inc. bought a new stake in shares of ASML during the first quarter valued at approximately $42,000. Finally, Alpine Bank Wealth Management bought a new stake in shares of ASML during the first quarter valued at approximately $43,000. Institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ASML. Wells Fargo & Company decreased their price target on ASML from $860.00 to $840.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Barclays reiterated an “equal weight” rating on shares of ASML in a report on Tuesday, June 3rd. Susquehanna decreased their price target on ASML from $1,100.00 to $965.00 and set a “positive” rating for the company in a report on Thursday, April 17th. Sanford C. Bernstein began coverage on ASML in a report on Tuesday, June 17th. They set a “market perform” rating and a $806.00 price target for the company. Finally, Citigroup reiterated a “buy” rating on shares of ASML in a report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $913.80.

ASML Stock Up 0.2%

ASML stock opened at $815.24 on Thursday. The stock’s fifty day simple moving average is $729.15 and its two-hundred day simple moving average is $718.87. The company has a current ratio of 1.52, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $1,110.09. The stock has a market cap of $320.73 billion, a P/E ratio of 34.35, a P/E/G ratio of 1.58 and a beta of 1.74.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, topping the consensus estimate of $6.12 by $0.19. The business had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $7.90 billion. ASML had a return on equity of 51.82% and a net margin of 28.32%. Analysts expect that ASML Holding N.V. will post 25.17 EPS for the current year.

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.