Penserra Capital Management LLC Buys 6,658 Shares of ASML Holding N.V. (NASDAQ:ASML)

Penserra Capital Management LLC raised its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 41.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,889 shares of the semiconductor company's stock after purchasing an additional 6,658 shares during the period. Penserra Capital Management LLC's holdings in ASML were worth $15,166,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Cloud Capital Management LLC bought a new position in shares of ASML in the first quarter worth approximately $95,000. Sierra Ocean LLC grew its holdings in ASML by 78.1% in the 1st quarter. Sierra Ocean LLC now owns 228 shares of the semiconductor company's stock worth $151,000 after acquiring an additional 100 shares during the last quarter. Adell Harriman & Carpenter Inc. increased its position in shares of ASML by 45.4% in the first quarter. Adell Harriman & Carpenter Inc. now owns 1,278 shares of the semiconductor company's stock valued at $847,000 after acquiring an additional 399 shares during the period. Concurrent Investment Advisors LLC raised its stake in shares of ASML by 26.6% during the first quarter. Concurrent Investment Advisors LLC now owns 3,951 shares of the semiconductor company's stock valued at $2,618,000 after acquiring an additional 829 shares during the last quarter. Finally, Simmons Bank purchased a new stake in shares of ASML during the first quarter worth about $1,981,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wells Fargo & Company reduced their price target on ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Susquehanna reduced their target price 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. Jefferies Financial Group lowered ASML from a "buy" rating to a "hold" rating in a research note on Thursday, June 26th. Barclays reissued an "equal weight" rating on shares of ASML in a research report on Tuesday, June 3rd. Finally, Citigroup restated a "buy" rating on shares of ASML in a report on Monday, May 19th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $913.80.

ASML Stock Down 1.2%

ASML stock traded down $9.41 during midday trading on Monday, hitting $785.09. The stock had a trading volume of 1,362,477 shares, compared to its average volume of 1,709,514. The business has a 50-day moving average of $749.55 and a two-hundred day moving average of $722.83. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.52 and a quick ratio of 0.91. The firm has a market cap of $308.87 billion, a price-to-earnings ratio of 33.08, a price-to-earnings-growth ratio of 1.66 and a beta of 1.73. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $1,110.09.

ASML (NASDAQ:ASML - Get Free Report) last released its 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. The firm had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. ASML had a net margin of 28.32% and a return on equity of 51.82%. As a group, equities research analysts forecast that ASML Holding N.V. will post 25.17 earnings per share 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.