Janney Capital Management LLC Raises Position in ASML Holding N.V. (NASDAQ:ASML)

Janney Capital Management LLC grew its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 45.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,673 shares of the semiconductor company's stock after purchasing an additional 4,241 shares during the quarter. Janney Capital Management LLC's holdings in ASML were worth $9,060,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ASML. Wellington Shields & Co. LLC raised its holdings in shares of ASML by 740.0% in the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 37 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new stake in ASML during the 4th quarter worth $31,000. Tradewinds Capital Management LLC raised its stake in ASML by 96.7% during the 4th quarter. Tradewinds Capital Management LLC now owns 59 shares of the semiconductor company's stock worth $41,000 after acquiring an additional 29 shares in the last quarter. Investment Management Corp VA ADV acquired a new stake in ASML during the 4th quarter worth $46,000. Finally, Bradley & Co. Private Wealth Management LLC acquired a new stake in ASML during the 4th quarter worth $51,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ASML has been the topic of several research analyst reports. Barclays reiterated an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. Sanford C. Bernstein initiated coverage on shares of ASML in a research note on Tuesday. They set a "market perform" rating and a $806.00 price target on the stock. Wells Fargo & Company cut their price target on shares of ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Susquehanna cut their price target on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research note on Thursday, April 17th. Finally, Citigroup reissued a "buy" rating on shares of ASML in a research report on Monday, May 19th. Four analysts have rated the stock with a hold rating, six 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 $913.80.

ASML Stock Performance

ASML stock traded down $5.11 during midday trading on Friday, hitting $756.53. 2,302,021 shares of the company's stock were exchanged, compared to its average volume of 1,691,961. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,110.09. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.52. The stock has a market cap of $297.63 billion, a price-to-earnings ratio of 31.88, a price-to-earnings-growth ratio of 1.48 and a beta of 1.74. The firm's 50 day simple moving average is $719.05 and its 200 day simple moving average is $716.76.

ASML (NASDAQ:ASML - Get Free Report) last issued its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, beating the consensus estimate of $6.12 by $0.19. The business had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. ASML had a net margin of 28.32% and a return on equity of 51.82%. Equities research analysts predict that ASML Holding N.V. will post 25.17 EPS for the current 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.