Tounjian Advisory Partners LLC Buys New Position in ASML Holding (NASDAQ:ASML)

Tounjian Advisory Partners LLC purchased a new position in shares of ASML Holding (NASDAQ:ASML - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 805 shares of the semiconductor company's stock, valued at approximately $533,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Edgewood Management LLC boosted its holdings in shares of ASML by 43.1% during 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 increased its holdings in 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 purchasing an additional 31,231 shares during the last quarter. GAMMA Investing LLC raised its position in ASML by 70,115.5% in the first quarter. GAMMA Investing LLC now owns 1,400,800 shares of the semiconductor company's stock valued at $9,282,120,000 after purchasing an additional 1,398,805 shares during the period. Clearbridge Investments LLC lifted its stake in ASML by 2.8% during the fourth quarter. Clearbridge Investments LLC now owns 1,252,849 shares of the semiconductor company's stock worth $868,324,000 after purchasing an additional 33,603 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in shares of ASML by 1.4% during 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 period. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Stock Up 0.2%

Shares of NASDAQ:ASML traded up $1.95 during trading hours on Thursday, reaching $786.04. The stock had a trading volume of 799,862 shares, compared to its average volume of 1,675,946. ASML Holding has a 1 year low of $578.51 and a 1 year high of $1,110.09. The firm's 50 day moving average is $703.55 and its 200-day moving average is $713.24. The stock has a market capitalization of $309.25 billion, a price-to-earnings ratio of 37.79, a P/E/G ratio of 1.62 and a beta of 1.74. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on ASML. Wells Fargo & Company decreased their target price on ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Barclays reissued an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. Citigroup reiterated a "buy" rating on shares of ASML in a report on Monday, May 19th. Finally, Susquehanna dropped their price target on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $906.00.

ASML Company 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.