Strive Asset Management LLC Makes New $237,000 Investment in ASML Holding (NASDAQ:ASML)

Strive Asset Management LLC purchased a new stake in shares of ASML Holding (NASDAQ:ASML - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 342 shares of the semiconductor company's stock, valued at approximately $237,000.

Several other institutional investors and hedge funds have also modified their holdings of ASML. Edgewood Management LLC increased its position in ASML by 43.1% in the 4th quarter. Edgewood Management LLC now owns 3,186,667 shares of the semiconductor company's stock worth $2,208,615,000 after purchasing an additional 959,696 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of ASML by 1.8% in the 4th quarter. Van ECK Associates Corp now owns 1,788,280 shares of the semiconductor company's stock valued at $1,239,421,000 after buying an additional 31,231 shares in the last quarter. Clearbridge Investments LLC increased its holdings in ASML by 2.8% in the fourth quarter. Clearbridge Investments LLC now owns 1,252,849 shares of the semiconductor company's stock worth $868,324,000 after buying an additional 33,603 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in ASML by 1.4% in the fourth quarter. Neuberger Berman Group LLC now owns 962,578 shares of the semiconductor company's stock worth $667,155,000 after buying an additional 13,115 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in ASML by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 898,544 shares of the semiconductor company's stock valued at $622,769,000 after acquiring an additional 46,028 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of ASML from $1,148.00 to $1,100.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Wells Fargo & Company reduced their price objective on shares of ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Susquehanna lowered their target price on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Finally, DZ Bank raised ASML from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $906.00.

ASML Stock Performance

Shares of ASML opened at $748.10 on Friday. The company has a market capitalization of $294.32 billion, a PE ratio of 35.97, a price-to-earnings-growth ratio of 1.62 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99. ASML Holding has a one year low of $578.51 and a one year high of $1,110.09. The company's fifty day moving average price is $683.78 and its 200 day moving average price is $703.59.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.12 by $0.19. ASML had a return on equity of 47.73% and a net margin of 26.78%. The company had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. As a group, analysts expect that ASML Holding will post 25.17 earnings per share for the current year.

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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