Armstrong Henry H Associates Inc. Buys 688 Shares of ASML Holding (NASDAQ:ASML)

Armstrong Henry H Associates Inc. grew its stake in shares of ASML Holding (NASDAQ:ASML - Free Report) by 26.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 3,333 shares of the semiconductor company's stock after acquiring an additional 688 shares during the period. ASML comprises about 0.2% of Armstrong Henry H Associates Inc.'s portfolio, making the stock its 25th largest holding. Armstrong Henry H Associates Inc.'s holdings in ASML were worth $2,209,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of ASML by 70,115.5% in the 1st quarter. GAMMA Investing LLC now owns 1,400,800 shares of the semiconductor company's stock valued at $9,282,120,000 after acquiring an additional 1,398,805 shares in the last quarter. Edgewood Management LLC lifted its holdings in shares of ASML by 43.1% in the fourth quarter. Edgewood Management LLC now owns 3,186,667 shares of the semiconductor company's stock valued at $2,208,615,000 after purchasing an additional 959,696 shares in the last quarter. Amundi lifted its holdings in shares of ASML by 4,880.5% in the fourth quarter. Amundi now owns 335,284 shares of the semiconductor company's stock valued at $247,019,000 after purchasing an additional 328,552 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of ASML by 53.4% in the fourth quarter. Wellington Management Group LLP now owns 807,257 shares of the semiconductor company's stock valued at $559,494,000 after purchasing an additional 281,156 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of ASML in the fourth quarter valued at $175,257,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ASML shares. Wells Fargo & Company reduced their price objective on ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Citigroup reissued a "buy" rating on shares of ASML in a research report on Monday, May 19th. Finally, Susquehanna reduced their price target on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, ASML currently has an average rating of "Moderate Buy" and an average price target of $906.00.

ASML Stock Down 1.9%

Shares of ASML traded down $14.55 during midday trading on Friday, reaching $732.52. 1,785,398 shares of the stock were exchanged, compared to its average volume of 1,675,958. ASML Holding has a 12-month low of $578.51 and a 12-month high of $1,110.09. The firm has a 50 day simple moving average of $687.99 and a 200-day simple moving average of $708.25. 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 company has a market cap of $288.19 billion, a price-to-earnings ratio of 35.22, a P/E/G ratio of 1.62 and a beta of 1.75.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, beating the consensus estimate 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%. Research analysts forecast that ASML Holding will post 25.17 EPS for the current 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.