ASML Holding N.V. $ASML Holdings Raised by Alta Capital Management LLC

Key Points

• Alta Capital Management LLC increased its stake in ASML Holding N.V. by 3.3%, owning over 50,000 shares valued at approximately $40.7 million, making it the firm's 18th largest position.
• Analysts have a consensus rating of "Moderate Buy" for ASML, with an average target price of $1,001.60, and several institutions have recently upgraded or reiterated positive ratings.
• ASML reported earnings of $4.55 EPS for the last quarter, missing expectations, but achieved revenue of $8.94 billion, marking a 23.2% year-over-year increase.

Alta Capital Management LLC grew its holdings in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 3.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,792 shares of the semiconductor company's stock after purchasing an additional 1,634 shares during the quarter. ASML comprises about 2.3% of Alta Capital Management LLC's investment portfolio, making the stock its 18th biggest position. Alta Capital Management LLC's holdings in ASML were worth $40,704,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Putney Financial Group LLC raised its holdings in shares of ASML by 322.2% during the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 29 shares in the last quarter. Maseco LLP bought a new position in ASML in the 2nd quarter worth $32,000. Banque Cantonale Vaudoise bought a new position in ASML in the 1st quarter worth $27,000. Costello Asset Management INC grew its position in ASML by 147.1% in the 2nd quarter. Costello Asset Management INC now owns 42 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 25 shares during the last quarter. Finally, PARK CIRCLE Co grew its position in ASML by 80.0% in the 2nd quarter. PARK CIRCLE Co now owns 45 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 26.07% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Citigroup reiterated a "buy" rating on shares of ASML in a research report on Tuesday, October 7th. Sanford C. Bernstein restated a "market perform" rating and issued a $935.00 price target on shares of ASML in a research report on Thursday, October 9th. Morgan Stanley upgraded shares of ASML from an "equal weight" rating to an "overweight" rating in a report on Monday, September 22nd. New Street Research reissued a "neutral" rating on shares of ASML in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. restated a "buy" rating on shares of ASML in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,001.60.

ASML Stock Up 2.7%

ASML stock opened at $1,009.81 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.21. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,059.00. The firm's fifty day moving average is $852.01 and its 200 day moving average is $768.34. The company has a market capitalization of $397.14 billion, a PE ratio of 42.15, a PEG ratio of 1.66 and a beta of 1.87.

ASML (NASDAQ:ASML - Get Free Report) last posted its earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.94 by ($1.39). The firm had revenue of $8.94 billion during the quarter, compared to the consensus estimate of $8.72 billion. ASML had a return on equity of 49.47% and a net margin of 26.95%.The business's revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.01 EPS. As a group, sell-side analysts predict that ASML Holding N.V. will post 25.17 EPS for the current fiscal 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.

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