Pictet North America Advisors SA Lowers Stock Holdings in ASML Holding N.V. (NASDAQ:ASML)

Pictet North America Advisors SA lessened its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 4.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,302 shares of the semiconductor company's stock after selling 372 shares during the quarter. Pictet North America Advisors SA's holdings in ASML were worth $4,839,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Putney Financial Group LLC boosted its stake in shares of ASML by 322.2% in the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock valued at $25,000 after buying an additional 29 shares in the last quarter. Wellington Shields & Co. LLC lifted its holdings in ASML by 740.0% in the fourth quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 37 shares during the period. Pinnacle Bancorp Inc. acquired a new stake in ASML in the first quarter valued at $42,000. Alpine Bank Wealth Management purchased a new stake in shares of ASML during the 1st quarter worth $43,000. Finally, Investment Management Corp VA ADV acquired a new position in shares of ASML during the 4th quarter worth $46,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ASML shares. Barclays reiterated an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Wells Fargo & Company dropped their target price on shares of ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Susquehanna decreased their price target 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. Sanford C. Bernstein started coverage on ASML in a research note on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 price objective for the company. Finally, Citigroup reaffirmed a "buy" rating on shares of ASML in a report on Monday, May 19th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $913.80.

ASML Price Performance

Shares of ASML stock traded down $4.28 during trading on Thursday, hitting $795.31. 633,741 shares of the company were exchanged, compared to its average volume of 1,702,475. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,110.09. The company has a quick ratio of 0.91, a current ratio of 1.52 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average price of $744.82 and a 200 day moving average price of $721.82. The stock has a market capitalization of $312.89 billion, a price-to-earnings ratio of 33.53, a P/E/G ratio of 1.52 and a beta of 1.73.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, topping analysts' consensus estimates of $6.12 by $0.19. ASML had a return on equity of 51.82% and a net margin of 28.32%. The company had revenue of $8.77 billion during the quarter, compared to analysts' expectations of $7.90 billion. On average, equities analysts expect that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal 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.