Kavar Capital Partners Group LLC Makes New Investment in ASML Holding N.V. (NASDAQ:ASML)

Kavar Capital Partners Group LLC acquired a new position in ASML Holding N.V. (NASDAQ:ASML - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 369 shares of the semiconductor company's stock, valued at approximately $245,000.

Other hedge funds also recently added to or reduced their stakes in the company. Putney Financial Group LLC raised its holdings in ASML by 322.2% in the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 29 shares during the last quarter. Wellington Shields & Co. LLC raised its holdings in ASML by 740.0% in the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 37 shares during the last quarter. Halbert Hargrove Global Advisors LLC purchased a new position in ASML in the 4th quarter worth approximately $31,000. Pinnacle Bancorp Inc. purchased a new stake in ASML during the 1st quarter valued at $42,000. Finally, Alpine Bank Wealth Management bought a new position in shares of ASML during the 1st quarter valued at $43,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Performance

Shares of NASDAQ:ASML traded down $2.14 during midday trading on Friday, hitting $795.95. The company had a trading volume of 1,200,605 shares, compared to its average volume of 1,702,013. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.52 and a quick ratio of 0.91. The company has a market cap of $313.14 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 1.55 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 fifty day moving average of $732.31 and a two-hundred day moving average of $719.50.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, topping the consensus estimate of $6.12 by $0.19. The firm had revenue of $8.77 billion during the quarter, compared to analyst estimates of $7.90 billion. ASML had a return on equity of 51.82% and a net margin of 28.32%. On average, equities research analysts expect that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

Analyst Ratings Changes

ASML has been the topic of several research analyst reports. Jefferies Financial Group cut ASML from a "buy" rating to a "hold" rating in a report on Thursday. Sanford C. Bernstein initiated coverage on ASML in a report on Tuesday, June 17th. They set a "market perform" rating and a $806.00 price target on the stock. Citigroup reissued a "buy" rating on shares of ASML in a report on Monday, May 19th. Wells Fargo & Company lowered their price target on ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Susquehanna lowered their price target on ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $913.80.

About ASML

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.