Investment Partners Asset Management Inc. Buys 366 Shares of ASML Holding (NASDAQ:ASML)

Investment Partners Asset Management Inc. raised its holdings in ASML Holding (NASDAQ:ASML - Free Report) by 119.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 672 shares of the semiconductor company's stock after acquiring an additional 366 shares during the period. Investment Partners Asset Management Inc.'s holdings in ASML were worth $445,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position 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 acquiring an additional 1,398,805 shares in the last quarter. Edgewood Management LLC raised its stake in shares of 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 purchasing an additional 959,696 shares during the period. Amundi lifted its holdings in shares of ASML by 4,880.5% in the fourth quarter. Amundi now owns 335,284 shares of the semiconductor company's stock valued at $247,019,000 after purchasing an additional 328,552 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of ASML by 53.4% during the fourth quarter. Wellington Management Group LLP now owns 807,257 shares of the semiconductor company's stock worth $559,494,000 after buying an additional 281,156 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of ASML during the fourth quarter worth about $175,257,000. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Stock Down 3.2%

Shares of NASDAQ ASML traded down $25.21 during trading hours on Friday, hitting $761.00. The company had a trading volume of 1,742,119 shares, compared to its average volume of 1,679,669. ASML Holding has a 1-year low of $578.51 and a 1-year high of $1,110.09. 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 firm's 50 day moving average is $706.95 and its 200-day moving average is $713.94. The stock has a market capitalization of $299.39 billion, a P/E ratio of 36.59, a price-to-earnings-growth ratio of 1.62 and a beta of 1.74.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, beating analysts' consensus estimates of $6.12 by $0.19. The company had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $7.90 billion. ASML had a net margin of 26.78% and a return on equity of 47.73%. On average, analysts expect that ASML Holding will post 25.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ASML shares. Susquehanna dropped 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. Barclays reaffirmed an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. Wells Fargo & Company cut their price objective 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. Finally, Citigroup restated a "buy" rating on shares of ASML in a report on Monday, May 19th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.