First Manhattan CO. LLC. Has $307.37 Million Stock Position in ASML Holding (NASDAQ:ASML)

First Manhattan CO. LLC. grew its position in ASML Holding (NASDAQ:ASML - Free Report) by 59.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 439,890 shares of the semiconductor company's stock after purchasing an additional 163,945 shares during the period. ASML comprises about 0.9% of First Manhattan CO. LLC.'s holdings, making the stock its 22nd largest position. First Manhattan CO. LLC. owned approximately 0.11% of ASML worth $307,374,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Carnegie Investment Counsel lifted its position in ASML by 68.9% in the fourth quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company's stock worth $1,475,000 after purchasing an additional 868 shares during the period. Foundations Investment Advisors LLC increased its holdings in shares of ASML by 36.7% in the fourth quarter. Foundations Investment Advisors LLC now owns 26,322 shares of the semiconductor company's stock worth $18,243,000 after acquiring an additional 7,073 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of ASML by 12.2% during the fourth quarter. Fifth Third Bancorp now owns 9,759 shares of the semiconductor company's stock worth $6,764,000 after buying an additional 1,062 shares in the last quarter. Alpha Cubed Investments LLC raised its holdings in ASML by 33.9% during the fourth quarter. Alpha Cubed Investments LLC now owns 81,564 shares of the semiconductor company's stock worth $56,530,000 after acquiring an additional 20,651 shares in the last quarter. Finally, Vantage Investment Partners LLC increased its stake in shares of ASML by 53.3% during the 4th quarter. Vantage Investment Partners LLC now owns 53,290 shares of the semiconductor company's stock worth $36,934,000 after purchasing an additional 18,523 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

Analysts Set New Price Targets

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

ASML Stock Up 1.1 %

ASML opened at $708.03 on Friday. 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 Holding has a 1 year low of $578.51 and a 1 year high of $1,110.09. The firm has a 50 day moving average price of $679.23 and a 200 day moving average price of $701.94. The company has a market cap of $278.55 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 1.62 and a beta of 1.75.

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 the consensus estimate of $6.12 by $0.19. The business had revenue of $8.77 billion for 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%. Sell-side 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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