Needham Investment Management LLC Acquires 550 Shares of ASML Holding (NASDAQ:ASML)

Needham Investment Management LLC raised its stake in ASML Holding (NASDAQ:ASML - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,500 shares of the semiconductor company's stock after acquiring an additional 550 shares during the quarter. Needham Investment Management LLC's holdings in ASML were worth $3,812,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ASML. Edgewood Management LLC grew its position in ASML by 43.1% during the fourth quarter. Edgewood Management LLC now owns 3,186,667 shares of the semiconductor company's stock worth $2,208,615,000 after buying an additional 959,696 shares in the last quarter. Amundi lifted its position in shares of ASML by 4,880.5% during the 4th quarter. Amundi now owns 335,284 shares of the semiconductor company's stock valued at $247,019,000 after acquiring an additional 328,552 shares during the period. Wellington Management Group LLP grew its holdings in shares of ASML by 53.4% during the 4th quarter. Wellington Management Group LLP now owns 807,257 shares of the semiconductor company's stock worth $559,494,000 after purchasing an additional 281,156 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of ASML during the 4th quarter worth $175,257,000. Finally, Fisher Funds Management LTD bought a new position in shares of ASML in the fourth quarter worth $137,386,000. Institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

ASML has been the subject of a number of recent analyst reports. Susquehanna cut their price target on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. reduced their price target on ASML from $1,148.00 to $1,100.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Wells Fargo & Company lowered their target price on ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, DZ Bank raised shares of ASML from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $906.00.

ASML Stock Down 1.4%

ASML stock traded down $10.55 during midday trading on Thursday, reaching $758.36. The stock had a trading volume of 1,509,706 shares, compared to its average volume of 1,657,065. The company has a fifty day moving average price of $681.12 and a two-hundred day moving average price of $702.88. The company has a market capitalization of $298.36 billion, a P/E ratio of 36.46, a PEG ratio of 1.62 and a beta of 1.75. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. ASML Holding has a 12 month low of $578.51 and a 12 month high of $1,110.09.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, beating analysts' consensus estimates of $6.12 by $0.19. The firm had revenue of $8.77 billion for the quarter, compared to analyst estimates of $7.90 billion. ASML had a net margin of 26.78% and a return on equity of 47.73%. As a group, equities analysts expect that ASML Holding will post 25.17 EPS for the current fiscal year.

ASML 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.