Mirae Asset Global Investments Co. Ltd. Increases Holdings in ASML Holding N.V. (NASDAQ:ASML)

Mirae Asset Global Investments Co. Ltd. increased its stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 29.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 156,673 shares of the semiconductor company's stock after buying an additional 35,991 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in ASML were worth $103,816,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC grew its position in shares of ASML by 12.3% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 402 shares of the semiconductor company's stock worth $266,000 after purchasing an additional 44 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of ASML by 12.7% in the first quarter. Rhumbline Advisers now owns 8,407 shares of the semiconductor company's stock valued at $5,571,000 after buying an additional 947 shares during the period. Sequoia Financial Advisors LLC grew its position in ASML by 1.6% during the first quarter. Sequoia Financial Advisors LLC now owns 3,478 shares of the semiconductor company's stock worth $2,304,000 after buying an additional 55 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in ASML by 2.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,418 shares of the semiconductor company's stock worth $22,806,000 after acquiring an additional 763 shares during the period. Finally, Novo Holdings A S increased its stake in ASML by 24.4% during the 4th quarter. Novo Holdings A S now owns 165,836 shares of the semiconductor company's stock worth $114,938,000 after acquiring an additional 32,500 shares during the period. Institutional investors and hedge funds own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of recent research reports. Sanford C. Bernstein began coverage on ASML in a research note on Tuesday, June 17th. They set a "market perform" rating and a $806.00 price objective on the stock. Wells Fargo & Company decreased their price target on ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Citigroup restated a "buy" rating on shares of ASML in a research report on Monday, May 19th. 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 report on Thursday, April 17th. Finally, Jefferies Financial Group cut ASML from a "buy" rating to a "hold" rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, ASML currently has a consensus rating of "Moderate Buy" and a consensus price target of $913.80.

ASML Stock Performance

NASDAQ:ASML traded down $2.14 during trading on Friday, reaching $795.95. The company's stock had a trading volume of 1,200,605 shares, compared to its average volume of 1,705,484. The firm has a market cap of $313.14 billion, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 1.54 and a beta of 1.74. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.52. The firm has a 50 day moving average of $735.42 and a 200-day moving average of $720.17. ASML Holding N.V. has a 12 month low of $578.51 and a 12 month high of $1,110.09.

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