Congress Asset Management Co. increased its stake in shares of ASML Holding (NASDAQ:ASML - Free Report) by 6.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,103 shares of the semiconductor company's stock after purchasing an additional 823 shares during the quarter. Congress Asset Management Co.'s holdings in ASML were worth $8,682,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Sovereign Financial Group Inc. lifted its stake in shares of ASML by 17.2% during the 1st quarter. Sovereign Financial Group Inc. now owns 558 shares of the semiconductor company's stock worth $370,000 after purchasing an additional 82 shares during the last quarter. Eagle Rock Investment Company LLC lifted its stake in shares of ASML by 13.8% during the 1st quarter. Eagle Rock Investment Company LLC now owns 502 shares of the semiconductor company's stock worth $333,000 after purchasing an additional 61 shares during the last quarter. Procyon Advisors LLC lifted its stake in shares of ASML by 18.7% during the 1st quarter. Procyon Advisors LLC now owns 926 shares of the semiconductor company's stock worth $614,000 after purchasing an additional 146 shares during the last quarter. Intellectus Partners LLC purchased a new stake in shares of ASML during the 1st quarter worth $461,000. Finally, Stablepoint Partners LLC acquired a new position in ASML during the 1st quarter valued at about $206,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. Citigroup reaffirmed a "buy" rating on shares of ASML in a research report on Monday, May 19th. Wells Fargo & Company reduced their target price on ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Barclays reaffirmed an "equal weight" rating on shares of ASML in a research report on Tuesday, June 3rd. 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. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $906.00.
Get Our Latest Stock Report on ASML
ASML Trading Up 0.7%
Shares of NASDAQ:ASML opened at $753.02 on Friday. ASML Holding has a 52-week low of $578.51 and a 52-week high of $1,110.09. The stock has a market cap of $296.25 billion, a price-to-earnings ratio of 36.20, a PEG ratio of 1.62 and a beta of 1.74. 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 business has a 50-day moving average price of $694.72 and a 200-day moving average price of $711.27.
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, topping the consensus estimate of $6.12 by $0.19. ASML had a return on equity of 47.73% and a net margin of 26.78%. The firm had revenue of $8.77 billion during the quarter, compared to analysts' expectations of $7.90 billion. Equities analysts predict that ASML Holding will post 25.17 EPS for the current year.
About ASML
(
Free Report)
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.
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