QRG Capital Management Inc. Raises Holdings in ASML Holding N.V. $ASML

Key Points

• QRG Capital Management raised its ASML stake 11.5% in Q4, buying 2,071 shares to hold 20,118 shares worth $21.523 million at the end of the quarter.
• Other hedge funds made small position changes and roughly 26.07% of ASML is owned by hedge funds and other institutional investors.
• ASML stock was down about 2.9%, the company has a market cap near $545.17 billion, and analysts show a consensus "Moderate Buy" with an average price target of $1,504.38.

QRG Capital Management Inc. grew its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 11.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,118 shares of the semiconductor company's stock after buying an additional 2,071 shares during the quarter. QRG Capital Management Inc.'s holdings in ASML were worth $21,523,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Manning & Napier Advisors LLC purchased a new stake in shares of ASML in the 3rd quarter worth $25,000. City Holding Co. purchased a new stake in shares of ASML in the 3rd quarter worth $26,000. North Star Investment Management Corp. lifted its holdings in shares of ASML by 68.8% in the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company's stock worth $29,000 after buying an additional 11 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of ASML in the 4th quarter worth $32,000. Finally, Binnacle Investments Inc lifted its holdings in shares of ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company's stock worth $27,000 after buying an additional 15 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Down 2.9%

Shares of ASML stock opened at $1,386.21 on Tuesday. The stock's 50-day simple moving average is $1,399.33 and its 200-day simple moving average is $1,250.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. The firm has a market capitalization of $545.17 billion, a PE ratio of 49.72, a P/E/G ratio of 1.43 and a beta of 1.81. ASML Holding N.V. has a fifty-two week low of $675.50 and a fifty-two week high of $1,547.22.

Wall Street Analysts Forecast Growth

ASML has been the subject of several research reports. JPMorgan Chase & Co. reiterated a "buy" rating on shares of ASML in a report on Monday, April 13th. Wall Street Zen lowered ASML from a "buy" rating to a "hold" rating in a research report on Sunday. UBS Group reissued a "buy" rating on shares of ASML in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of ASML in a research report on Thursday, April 16th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of ASML in a research report on Wednesday, April 15th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $1,504.38.

ASML Company Profile

ASML Holding N.V. NASDAQ: ASML is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML's product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

Want to see what other hedge funds are holding ASML? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ASML Holding N.V. (NASDAQ:ASML - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.