Riverbridge Partners LLC Makes New Investment in ASML Holding N.V. (NASDAQ:ASML)

Riverbridge Partners LLC bought a new position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 2,889 shares of the semiconductor company's stock, valued at approximately $1,914,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Shields & Co. LLC raised its stake in shares of ASML by 740.0% in the fourth quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 37 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in ASML in the 4th quarter valued at $31,000. Tradewinds Capital Management LLC boosted its stake in ASML by 96.7% in the fourth quarter. Tradewinds Capital Management LLC now owns 59 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 29 shares in the last quarter. Investment Management Corp VA ADV bought a new stake in shares of ASML during the fourth quarter worth $46,000. Finally, Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of ASML in the fourth quarter valued at $51,000. 26.07% of the stock is owned by institutional investors.

ASML Trading Up 0.2%

NASDAQ ASML opened at $761.64 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. 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 market capitalization of $299.64 billion, a PE ratio of 32.10, a P/E/G ratio of 1.48 and a beta of 1.74. The stock has a 50-day simple moving average of $719.05 and a 200 day simple 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 EPS for the quarter, beating analysts' consensus estimates of $6.12 by $0.19. ASML had a return on equity of 51.82% and a net margin of 28.32%. The company had revenue of $8.77 billion during the quarter, compared to analysts' expectations of $7.90 billion. Research analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ASML. Wells Fargo & Company lowered their price objective 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. Susquehanna dropped their price objective on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. Citigroup reiterated a "buy" rating on shares of ASML in a research report on Monday, May 19th. Sanford C. Bernstein began coverage on ASML in a research report on Tuesday. They set a "market perform" rating and a $806.00 target price for the company. Finally, Barclays reaffirmed an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company 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.

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