Bessemer Group Inc. lessened its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 55.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,445 shares of the semiconductor company's stock after selling 96,517 shares during the period. Bessemer Group Inc.'s holdings in ASML were worth $51,318,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. Spire Wealth Management lifted its position in ASML by 7.5% in the first quarter. Spire Wealth Management now owns 1,819 shares of the semiconductor company's stock valued at $1,205,000 after buying an additional 127 shares during the last quarter. Mattern Capital Management LLC raised its stake in shares of ASML by 26.2% in the 1st quarter. Mattern Capital Management LLC now owns 762 shares of the semiconductor company's stock valued at $505,000 after acquiring an additional 158 shares during the period. Golden State Equity Partners lifted its holdings in shares of ASML by 5.2% in the 1st quarter. Golden State Equity Partners now owns 1,141 shares of the semiconductor company's stock worth $756,000 after acquiring an additional 56 shares during the last quarter. Trust Co of Kansas purchased a new position in shares of ASML during the 1st quarter worth approximately $2,969,000. Finally, Mill Capital Management LLC purchased a new position in shares of ASML during the 1st quarter worth approximately $11,711,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have issued reports on ASML. Sanford C. Bernstein began coverage on ASML in a research report on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 target price on the stock. 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 report on Thursday, April 17th. Susquehanna dropped their target price on ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. Jefferies Financial Group cut shares of ASML from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Citigroup reissued a "buy" rating on shares of ASML in a research note on Monday, May 19th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $913.80.
Check Out Our Latest Report on ASML
ASML Stock Down 0.3%
Shares of ASML stock traded down $2.14 on Friday, reaching $795.95. 1,200,605 shares of the company were exchanged, compared to its average volume of 1,702,013. The stock's 50 day moving average price is $732.31 and its 200-day moving average price is $719.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.52 and a quick ratio of 0.91. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $1,110.09. The company has a market cap of $313.14 billion, a P/E ratio of 33.54, a price-to-earnings-growth ratio of 1.55 and a beta of 1.74.
ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, topping the consensus estimate of $6.12 by $0.19. ASML had a net margin of 28.32% and a return on equity of 51.82%. The company had revenue of $8.77 billion during the quarter, compared to analysts' expectations of $7.90 billion. As a group, equities analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current year.
About ASML
(
Free Report)
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.
Further Reading
Before you consider ASML, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ASML wasn't on the list.
While ASML currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
