Alta Capital Management LLC Has $32.57 Million Stock Holdings in ASML Holding N.V. (NASDAQ:ASML)

Alta Capital Management LLC raised its stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 7.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,158 shares of the semiconductor company's stock after purchasing an additional 3,279 shares during the quarter. ASML makes up about 2.1% of Alta Capital Management LLC's portfolio, making the stock its 21st biggest holding. Alta Capital Management LLC's holdings in ASML were worth $32,574,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of ASML. GAMMA Investing LLC grew its stake in ASML by 70,115.5% in the first quarter. GAMMA Investing LLC now owns 1,400,800 shares of the semiconductor company's stock valued at $9,282,120,000 after purchasing an additional 1,398,805 shares in the last quarter. Edgewood Management LLC lifted its position 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 valued at $2,208,615,000 after buying an additional 959,696 shares during the last quarter. Amundi lifted 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 buying an additional 328,552 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of ASML by 53.4% in the fourth quarter. Wellington Management Group LLP now owns 807,257 shares of the semiconductor company's stock valued at $559,494,000 after buying an additional 281,156 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of ASML in the fourth quarter valued at approximately $175,257,000. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ASML has been the subject of a number of recent analyst reports. Susquehanna cut their price objective 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. Sanford C. Bernstein initiated coverage on ASML in a research report on Tuesday. They issued a "market perform" rating and a $806.00 price objective for the company. Wells Fargo & Company cut their price objective on ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Citigroup reaffirmed a "buy" rating on shares of ASML in a research report on Monday, May 19th. Finally, Barclays reissued an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $913.80.

ASML Stock Performance

Shares of ASML traded down $5.11 during mid-day trading on Friday, hitting $756.53. 2,302,021 shares of the company's stock were exchanged, compared to its average volume of 1,691,913. The company has a quick ratio of 0.91, a current ratio of 1.52 and a debt-to-equity ratio of 0.21. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $1,110.09. The stock's 50-day simple moving average is $720.80 and its 200-day simple moving average is $717.02. The firm has a market cap of $297.63 billion, a price-to-earnings ratio of 31.88, a price-to-earnings-growth ratio of 1.48 and a beta of 1.74.

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

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.