Eldred Rock Partners LLC Has $11.20 Million Stock Position in ASML Holding (NASDAQ:ASML)

Eldred Rock Partners LLC lifted its position in ASML Holding (NASDAQ:ASML - Free Report) by 33.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,829 shares of the semiconductor company's stock after buying an additional 4,189 shares during the period. ASML makes up 3.4% of Eldred Rock Partners LLC's holdings, making the stock its 15th largest position. Eldred Rock Partners LLC's holdings in ASML were worth $11,203,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Trust Point Inc. raised its position in ASML by 2.4% during the fourth quarter. Trust Point Inc. now owns 606 shares of the semiconductor company's stock valued at $420,000 after buying an additional 14 shares during the period. Sunpointe LLC raised its position in ASML by 1.3% during the fourth quarter. Sunpointe LLC now owns 1,114 shares of the semiconductor company's stock valued at $772,000 after buying an additional 14 shares during the period. Wealth Quarterback LLC raised its position in ASML by 1.1% during the fourth quarter. Wealth Quarterback LLC now owns 1,331 shares of the semiconductor company's stock valued at $923,000 after buying an additional 15 shares during the period. Sfmg LLC raised its position in ASML by 3.0% during the fourth quarter. Sfmg LLC now owns 511 shares of the semiconductor company's stock valued at $354,000 after buying an additional 15 shares during the period. Finally, Norinchukin Bank The raised its position in ASML by 1.8% during the fourth quarter. Norinchukin Bank The now owns 857 shares of the semiconductor company's stock valued at $594,000 after buying an additional 15 shares during the period. Institutional investors own 26.07% of the company's stock.

ASML Stock Up 1.2%

Shares of ASML traded up $8.95 during trading hours on Thursday, hitting $751.73. 977,411 shares of the company were exchanged, compared to its average volume of 1,670,504. The company has a market cap of $295.75 billion, a PE ratio of 36.14, a PEG ratio of 1.62 and a beta of 1.74. The firm's 50 day moving average is $691.30 and its 200-day moving average is $709.71. ASML Holding has a 52 week low of $578.51 and a 52 week high of $1,110.09. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings results 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 company had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $7.90 billion. On average, equities research analysts forecast that ASML Holding will post 25.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Susquehanna dropped their price target 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. Barclays reaffirmed an "equal weight" rating on shares of ASML in a research report on Tuesday. Citigroup reaffirmed a "buy" rating on shares of ASML in a research report on Monday, May 19th. Finally, Wells Fargo & Company dropped 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. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $906.00.

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.