DAVENPORT & Co LLC Has $3.45 Million Position in ASML Holding N.V. (NASDAQ:ASML)

DAVENPORT & Co LLC grew its stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 124.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,203 shares of the semiconductor company's stock after purchasing an additional 2,887 shares during the quarter. DAVENPORT & Co LLC's holdings in ASML were worth $3,448,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Putney Financial Group LLC increased its position in ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 29 shares during the period. Wellington Shields & Co. LLC increased its position in ASML by 740.0% during the fourth quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 37 shares during the period. Pinnacle Bancorp Inc. bought a new position in ASML during the first quarter worth about $42,000. Alpine Bank Wealth Management bought a new position in ASML during the first quarter worth about $43,000. Finally, Investment Management Corp VA ADV bought a new position in ASML during the fourth quarter worth about $46,000. 26.07% of the stock is owned by institutional investors.

ASML Price Performance

ASML stock traded down $5.40 during trading hours on Friday, reaching $794.20. 910,715 shares of the stock were exchanged, compared to its average volume of 1,707,147. The company has a market cap of $312.45 billion, a P/E ratio of 33.47, a price-to-earnings-growth ratio of 1.66 and a beta of 1.73. The company has a current ratio of 1.52, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,110.09. The stock has a 50 day moving average of $749.55 and a two-hundred day moving average of $722.72.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $7.90 billion. Equities analysts expect that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

Analysts Set New Price Targets

ASML has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price target on shares of ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Sanford C. Bernstein initiated coverage on shares of ASML in a research report on Tuesday, June 17th. They set a "market perform" rating and a $806.00 price target on the stock. Susquehanna lowered their price target on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Jefferies Financial Group downgraded shares of ASML from a "buy" rating to a "hold" rating in a research note on Thursday, June 26th. Finally, Citigroup reiterated 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $913.80.

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.