GF Fund Management CO. LTD. Buys New Stake in ASML Holding (NASDAQ:ASML)

GF Fund Management CO. LTD. bought a new stake in ASML Holding (NASDAQ:ASML - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 34,291 shares of the semiconductor company's stock, valued at approximately $23,766,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ASML. Edgewood Management LLC grew its stake in ASML by 43.1% in the 4th quarter. Edgewood Management LLC now owns 3,186,667 shares of the semiconductor company's stock valued at $2,208,615,000 after buying an additional 959,696 shares during the last quarter. Amundi grew its stake in ASML by 4,880.5% in the 4th quarter. Amundi now owns 335,284 shares of the semiconductor company's stock valued at $247,019,000 after buying an additional 328,552 shares during the last quarter. Wellington Management Group LLP grew its stake in ASML by 53.4% in the 4th quarter. Wellington Management Group LLP now owns 807,257 shares of the semiconductor company's stock valued at $559,494,000 after buying an additional 281,156 shares during the last quarter. Raymond James Financial Inc. acquired a new position in ASML in the 4th quarter valued at $175,257,000. Finally, Fisher Funds Management LTD bought a new stake in ASML in the 4th quarter valued at $137,386,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ASML shares. Citigroup reissued a "buy" rating on shares of ASML in a report on Monday. Susquehanna reduced their price target on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a report on Thursday, April 17th. DZ Bank raised shares of ASML from a "hold" rating to a "buy" rating in a report on Thursday, January 30th. Wells Fargo & Company reduced their price target on shares of ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. reduced their price target on shares of ASML from $1,148.00 to $1,100.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ASML has a consensus rating of "Moderate Buy" and an average target price of $906.00.

ASML Price Performance

NASDAQ:ASML opened at $732.49 on Friday. The company has a 50-day moving average of $686.48 and a 200-day moving average of $705.72. The company has a market capitalization of $288.18 billion, a price-to-earnings ratio of 35.22, a PEG ratio of 1.62 and a beta of 1.75. 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 announced its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $7.90 billion. As a group, equities research analysts anticipate that ASML Holding will post 25.17 earnings per share for the current fiscal year.

ASML Company 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.

Want to see what other hedge funds are holding ASML? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ASML Holding (NASDAQ:ASML - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.