Johnson Investment Counsel Inc. Increases Stock Holdings in ASML Holding N.V. (NASDAQ:ASML)

Johnson Investment Counsel Inc. boosted its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 13.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,831 shares of the semiconductor company's stock after buying an additional 11,185 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in ASML were worth $62,175,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ASML. Allspring Global Investments Holdings LLC increased its stake in ASML by 22.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,102 shares of the semiconductor company's stock valued at $4,974,000 after purchasing an additional 1,279 shares in the last quarter. Allworth Financial LP increased its stake in ASML by 16.3% during the 4th quarter. Allworth Financial LP now owns 1,290 shares of the semiconductor company's stock valued at $989,000 after purchasing an additional 181 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in ASML during the 4th quarter valued at $337,000. Principal Financial Group Inc. increased its stake in ASML by 43.0% during the 4th quarter. Principal Financial Group Inc. now owns 10,025 shares of the semiconductor company's stock valued at $6,948,000 after purchasing an additional 3,016 shares in the last quarter. Finally, Truist Financial Corp increased its stake in ASML by 7.5% during the 4th quarter. Truist Financial Corp now owns 46,211 shares of the semiconductor company's stock valued at $32,028,000 after purchasing an additional 3,214 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

ASML has been the subject of a number of recent research reports. 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 for the company. Susquehanna reduced their target price on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. Citigroup reiterated a "buy" rating on shares of ASML in a research note on Monday, May 19th. Barclays reiterated an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. Finally, 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 research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, ASML has a consensus rating of "Moderate Buy" and a consensus price target of $913.80.

ASML Stock Performance

NASDAQ ASML traded down $5.11 during trading on Friday, hitting $756.53. 2,302,021 shares of the company's stock traded hands, compared to its average volume of 1,691,961. The stock has a market capitalization of $297.63 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 1.48 and a beta of 1.74. 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 business has a 50 day moving average of $719.05 and a 200-day moving average of $716.76.

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, topping analysts' consensus estimates of $6.12 by $0.19. ASML had a net margin of 28.32% and a return on equity of 51.82%. 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 anticipate that ASML Holding N.V. 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.