Ninety One UK Ltd Increases Stock Position in ASML Holding N.V. (NASDAQ:ASML)

Ninety One UK Ltd raised its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 1.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,638 shares of the semiconductor company's stock after acquiring an additional 1,051 shares during the quarter. Ninety One UK Ltd's holdings in ASML were worth $43,494,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ASML. Putney Financial Group LLC increased its position in ASML by 322.2% in the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after buying an additional 29 shares in the last quarter. Wellington Shields & Co. LLC grew its position in shares of 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 purchasing an additional 37 shares in the last quarter. Wayfinding Financial LLC purchased a new position in ASML during the 1st quarter valued at approximately $35,000. Pinnacle Bancorp Inc. purchased a new position in ASML during the 1st quarter valued at approximately $42,000. Finally, Olde Wealth Management LLC purchased a new position in ASML during the 1st quarter valued at approximately $42,000. Hedge funds and other institutional investors own 26.07% of the company's stock.

ASML Price Performance

Shares of ASML stock traded up $1.26 during mid-day trading on Wednesday, reaching $795.36. 296,628 shares of the stock traded hands, compared to its average volume of 1,705,773. The business has a 50-day moving average of $754.35 and a 200 day moving average of $723.88. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,110.09. The stock has a market capitalization of $312.91 billion, a PE ratio of 33.53, a PEG ratio of 1.64 and a beta of 1.73. 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 (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $8.77 billion during 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, analysts predict that ASML Holding N.V. will post 25.17 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Barclays reiterated an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Citigroup reaffirmed a "buy" rating on shares of ASML in a research report on Monday, May 19th. Jefferies Financial Group lowered ASML from a "buy" rating to a "hold" rating in a research report on Thursday, June 26th. Wells Fargo & Company lifted their target price on ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, Sanford C. Bernstein initiated coverage on ASML in a research report on Tuesday, June 17th. They set a "market perform" rating and a $806.00 target price for the company. Five 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $923.80.

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.