DAVENPORT & Co LLC Grows Holdings in ASML Holding N.V. (NASDAQ:ASML)

DAVENPORT & Co LLC lifted its stake in shares of ASML Holding N.V. (NASDAQ:ASMLFree Report) by 124.7% in the first quarter, Holdings Channel reports. The institutional investor owned 5,203 shares of the semiconductor company’s stock after buying an additional 2,887 shares during the quarter. DAVENPORT & Co LLC’s holdings in ASML were worth $3,448,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ASML. Wealthcare Advisory Partners LLC increased its position in shares of ASML by 12.3% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 402 shares of the semiconductor company’s stock worth $266,000 after purchasing an additional 44 shares during the last quarter. Rhumbline Advisers grew its stake in ASML by 12.7% in the first quarter. Rhumbline Advisers now owns 8,407 shares of the semiconductor company’s stock worth $5,571,000 after purchasing an additional 947 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in ASML by 1.6% in the first quarter. Sequoia Financial Advisors LLC now owns 3,478 shares of the semiconductor company’s stock valued at $2,304,000 after buying an additional 55 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in ASML by 2.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,418 shares of the semiconductor company’s stock valued at $22,806,000 after buying an additional 763 shares in the last quarter. Finally, Novo Holdings A S raised its stake in ASML by 24.4% during the fourth quarter. Novo Holdings A S now owns 165,836 shares of the semiconductor company’s stock valued at $114,938,000 after buying an additional 32,500 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Stock Down 0.7%

ASML stock opened at $794.20 on Friday. The stock has a market cap of $312.45 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 1.67 and a beta of 1.73. The firm’s 50-day simple moving average is $747.21 and its 200 day simple moving average is $722.31. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,110.09. The company has a quick ratio of 0.91, a current ratio of 1.52 and a debt-to-equity ratio of 0.21.

ASML (NASDAQ:ASMLGet Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, beating the consensus estimate of $6.12 by $0.19. The company had revenue of $8.77 billion for the quarter, compared to analyst estimates of $7.90 billion. ASML had a net margin of 28.32% and a return on equity of 51.82%. As a group, sell-side analysts predict that ASML Holding N.V. will post 25.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Susquehanna decreased their target price on ASML from $1,100.00 to $965.00 and set a “positive” rating for the company in a research report on Thursday, April 17th. Barclays reaffirmed an “equal weight” rating on shares of ASML in a report on Tuesday, June 3rd. Citigroup reissued a “buy” rating on shares of ASML in a report on Monday, May 19th. Wells Fargo & Company decreased their price target on shares of ASML from $860.00 to $840.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Finally, Jefferies Financial Group downgraded shares of ASML from a “buy” rating to a “hold” rating in a research report on Thursday, June 26th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $913.80.

Read Our Latest Analysis on ASML

ASML Company Profile

(Free Report)

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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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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