Bank Pictet & Cie Europe AG Takes Position in ASML Holding (NASDAQ:ASML)

Bank Pictet & Cie Europe AG acquired a new position in shares of ASML Holding (NASDAQ:ASML - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 380 shares of the semiconductor company's stock, valued at approximately $252,000.

A number of other hedge funds have also made changes to their positions in the company. Edgewood Management LLC grew 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 purchasing an additional 959,696 shares in the last quarter. GAMMA Investing LLC grew its holdings in ASML by 70,115.5% in the 1st quarter. GAMMA Investing LLC now owns 1,400,800 shares of the semiconductor company's stock valued at $9,282,120,000 after buying an additional 1,398,805 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of ASML by 2.8% in the 4th quarter. Clearbridge Investments LLC now owns 1,252,849 shares of the semiconductor company's stock worth $868,324,000 after acquiring an additional 33,603 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in shares of ASML by 1.4% during the 4th quarter. Neuberger Berman Group LLC now owns 962,578 shares of the semiconductor company's stock worth $667,155,000 after acquiring an additional 13,115 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of ASML by 5.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 898,544 shares of the semiconductor company's stock worth $622,769,000 after acquiring an additional 46,028 shares during the period. Institutional investors and hedge funds own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ASML shares. Wells Fargo & Company cut their price objective on shares of ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Barclays reissued an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. Citigroup reaffirmed a "buy" rating on shares of ASML in a research report on Monday, May 19th. 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. Finally, 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 report on Thursday, April 17th. Four equities 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, ASML has an average rating of "Moderate Buy" and a consensus target price of $913.80.

ASML Trading Down 2.0%

NASDAQ ASML traded down $15.37 during trading on Tuesday, hitting $759.86. The stock had a trading volume of 1,419,784 shares, compared to its average volume of 1,682,548. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $298.95 billion, a PE ratio of 36.53, a PEG ratio of 1.62 and a beta of 1.74. The firm has a 50 day moving average price of $713.86 and a 200 day moving average price of $715.79. ASML Holding has a twelve month low of $578.51 and a twelve 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 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 analysts' expectations of $7.90 billion. ASML had a net margin of 26.78% and a return on equity of 47.73%. As a group, equities research analysts forecast that ASML Holding will post 25.17 earnings per share for the current year.

ASML 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.