ASML Holding (NASDAQ:ASML) Shares Sold by BayBridge Capital Group LLC

BayBridge Capital Group LLC cut its holdings in shares of ASML Holding (NASDAQ:ASML - Free Report) by 60.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 521 shares of the semiconductor company's stock after selling 809 shares during the quarter. BayBridge Capital Group LLC's holdings in ASML were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ASML. Edgewood Management LLC lifted its stake in ASML by 43.1% during the 4th 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 in the last quarter. GAMMA Investing LLC increased its stake in ASML by 70,115.5% during the first quarter. GAMMA Investing LLC now owns 1,400,800 shares of the semiconductor company's stock worth $9,282,120,000 after purchasing an additional 1,398,805 shares during the period. Clearbridge Investments LLC increased its stake in ASML by 2.8% during the fourth quarter. Clearbridge Investments LLC now owns 1,252,849 shares of the semiconductor company's stock worth $868,324,000 after purchasing an additional 33,603 shares during the period. Neuberger Berman Group LLC lifted its position in shares of ASML by 1.4% during the fourth quarter. Neuberger Berman Group LLC now owns 962,578 shares of the semiconductor company's stock worth $667,155,000 after purchasing an additional 13,115 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of ASML by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 898,544 shares of the semiconductor company's stock valued at $622,769,000 after purchasing an additional 46,028 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Stock Performance

NASDAQ:ASML traded up $14.36 during mid-day trading on Monday, reaching $775.36. 551,134 shares of the stock were exchanged, compared to its average volume of 1,680,231. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. ASML Holding has a 1 year low of $578.51 and a 1 year high of $1,110.09. The company has a 50 day simple moving average of $710.27 and a 200-day simple moving average of $715.17. The stock has a market capitalization of $305.05 billion, a P/E ratio of 37.29, a P/E/G ratio of 1.62 and a beta of 1.74.

ASML (NASDAQ:ASML - Get Free Report) last announced its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 26.78% and a return on equity of 47.73%. Analysts anticipate that ASML Holding will post 25.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company reduced their target price on shares of ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Susquehanna reduced their price objective 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. Barclays restated an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Finally, Citigroup reiterated a "buy" rating on shares of ASML in a research note on Monday, May 19th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $906.00.

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.