ASML Holding N.V. (NASDAQ:ASML) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS decreased its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 7.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,204 shares of the semiconductor company's stock after selling 1,835 shares during the period. Kornitzer Capital Management Inc. KS's holdings in ASML were worth $15,376,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ASML. Larson Financial Group LLC lifted its stake in ASML by 507.3% during the 1st quarter. Larson Financial Group LLC now owns 498 shares of the semiconductor company's stock valued at $330,000 after acquiring an additional 416 shares during the period. Sage Mountain Advisors LLC grew its holdings in ASML by 2.6% during the 1st quarter. Sage Mountain Advisors LLC now owns 602 shares of the semiconductor company's stock valued at $399,000 after buying an additional 15 shares in the last quarter. PAX Financial Group LLC grew its holdings in ASML by 168.7% during the 1st quarter. PAX Financial Group LLC now owns 962 shares of the semiconductor company's stock valued at $638,000 after buying an additional 604 shares in the last quarter. First Business Financial Services Inc. purchased a new stake in ASML during the 1st quarter valued at approximately $488,000. Finally, Graybill Wealth Management LTD. purchased a new position in shares of ASML in the first quarter valued at $3,333,000. Institutional investors own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

ASML has been the subject of a number of recent research reports. Wells Fargo & Company raised their target price on shares of ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Susquehanna cut their target price on ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research note on Thursday, April 17th. Citigroup reiterated a "buy" rating on shares of ASML in a research report on Monday, May 19th. Sanford C. Bernstein assumed coverage on ASML in a research report on Tuesday, June 17th. They set a "market perform" rating and a $806.00 target price for the company. Finally, Jefferies Financial Group downgraded ASML from a "buy" rating to a "hold" rating in a report on Thursday, June 26th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $923.80.

ASML Stock Up 2.0%

Shares of ASML stock traded up $16.29 during trading hours on Tuesday, reaching $823.02. 2,093,772 shares of the company's stock were exchanged, compared to its average volume of 1,718,898. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $1,077.05. The stock has a market cap of $323.79 billion, a PE ratio of 34.68, a PEG ratio of 1.69 and a beta of 1.73. The company has a current ratio of 1.52, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The stock's fifty day moving average price is $764.39 and its two-hundred day moving average price is $726.29.

ASML (NASDAQ:ASML - Get Free Report) last issued its earnings results 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 firm had revenue of $8.77 billion for 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%. Research analysts predict that ASML Holding N.V. will post 25.17 EPS for the current year.

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.