Ervin Investment Management LLC Increases Stock Position in ASML Holding (NASDAQ:ASML)

Ervin Investment Management LLC increased its stake in ASML Holding (NASDAQ:ASML - Free Report) by 40.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,477 shares of the semiconductor company's stock after buying an additional 429 shares during the quarter. ASML accounts for approximately 0.7% of Ervin Investment Management LLC's portfolio, making the stock its 25th largest holding. Ervin Investment Management LLC's holdings in ASML were worth $979,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in 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 buying an additional 1,398,805 shares in the last quarter. Edgewood Management LLC boosted 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 worth $2,208,615,000 after acquiring an additional 959,696 shares during the period. Amundi grew its position 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 raised its stake 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 valued at $559,494,000 after purchasing an additional 281,156 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of ASML during the 4th quarter valued at $175,257,000. Institutional investors own 26.07% of the company's stock.

ASML Trading Up 0.1%

NASDAQ:ASML traded up $0.72 during trading hours on Tuesday, reaching $747.25. The company's stock had a trading volume of 1,083,808 shares, compared to its average volume of 1,670,161. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53. The firm has a market capitalization of $293.98 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 1.62 and a beta of 1.75. The firm has a 50-day simple moving average of $688.80 and a 200-day simple moving average of $709.22. ASML Holding has a 1 year low of $578.51 and a 1 year 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 EPS for the quarter, topping the consensus estimate of $6.12 by $0.19. The firm had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. ASML had a return on equity of 47.73% and a net margin of 26.78%. Research analysts expect that ASML Holding will post 25.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on ASML shares. Barclays reaffirmed an "equal weight" rating on shares of ASML in a research note on Tuesday. Wells Fargo & Company dropped 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 reaffirmed a "buy" rating on shares of ASML in a report on Monday, May 19th. Finally, Susquehanna cut their price objective on ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $906.00.

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.