Fifth Third Bancorp Grows Position in ASML Holding (NASDAQ:ASML)

Fifth Third Bancorp increased its stake in ASML Holding (NASDAQ:ASML - Free Report) by 37.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,447 shares of the semiconductor company's stock after buying an additional 3,688 shares during the period. Fifth Third Bancorp's holdings in ASML were worth $8,910,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Figure 8 Investment Strategies LLC purchased a new position in ASML in the 4th quarter worth about $1,239,000. Savant Capital LLC increased its stake in ASML by 22.4% in the 4th quarter. Savant Capital LLC now owns 907 shares of the semiconductor company's stock worth $629,000 after buying an additional 166 shares during the period. Rhumbline Advisers increased its position in ASML by 12.7% during the 1st quarter. Rhumbline Advisers now owns 8,407 shares of the semiconductor company's stock valued at $5,571,000 after purchasing an additional 947 shares during the period. Focus Financial Network Inc. increased its position in ASML by 154.5% during the 4th quarter. Focus Financial Network Inc. now owns 644 shares of the semiconductor company's stock valued at $446,000 after purchasing an additional 391 shares during the period. Finally, V Square Quantitative Management LLC increased its position in ASML by 30.0% during the 4th quarter. V Square Quantitative Management LLC now owns 1,492 shares of the semiconductor company's stock valued at $1,051,000 after purchasing an additional 344 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on ASML. Susquehanna cut their target price on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company cut their target price on shares of ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Citigroup reissued a "buy" rating on shares of ASML in a research report on Monday, May 19th. Finally, Barclays reissued an "equal weight" rating on shares of ASML in a research report on Tuesday, June 3rd. 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $906.00.

ASML Stock Down 3.2%

Shares of ASML stock traded down $25.21 on Friday, reaching $761.00. The stock had a trading volume of 1,742,119 shares, compared to its average volume of 1,681,968. The company has a 50 day moving average price of $710.27 and a 200 day moving average price of $714.56. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. ASML Holding has a 1 year low of $578.51 and a 1 year high of $1,110.09. The stock has a market capitalization of $299.39 billion, a P/E ratio of 36.59, a P/E/G ratio of 1.62 and a beta of 1.74.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.12 by $0.19. ASML had a net margin of 26.78% and a return on equity of 47.73%. The firm had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. As a group, equities research analysts forecast that ASML Holding will post 25.17 EPS 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.