Novem Group Takes $1.01 Million Position in ASML Holding (NASDAQ:ASML)

Novem Group purchased a new position in shares of ASML Holding (NASDAQ:ASML) in the fourth quarter, Holdings Channel.com reports. The fund purchased 1,460 shares of the semiconductor company’s stock, valued at approximately $1,012,000.

Several other institutional investors and hedge funds have also modified their holdings of ASML. Edgewood Management LLC raised its holdings in ASML by 43.1% in the 4th quarter. Edgewood Management LLC now owns 3,186,667 shares of the semiconductor company’s stock valued at $2,208,615,000 after buying an additional 959,696 shares during the last quarter. Amundi increased its position in ASML by 4,880.5% in the 4th quarter. Amundi now owns 335,284 shares of the semiconductor company’s stock valued at $247,019,000 after acquiring an additional 328,552 shares during the period. Wellington Management Group LLP raised its stake in shares of ASML by 53.4% during the fourth quarter. Wellington Management Group LLP now owns 807,257 shares of the semiconductor company’s stock valued at $559,494,000 after acquiring an additional 281,156 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of ASML during the fourth quarter worth $175,257,000. Finally, Fisher Funds Management LTD bought a new stake in shares of ASML in the fourth quarter worth $137,386,000. 26.07% of the stock is currently owned by institutional investors.

ASML Trading Down 0.0%

NASDAQ ASML opened at $748.76 on Wednesday. The stock has a market capitalization of $294.58 billion, a P/E ratio of 36.00, a P/E/G ratio of 1.62 and a beta of 1.75. The business has a 50 day simple moving average of $685.78 and a 200 day simple moving average of $704.63. 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.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, topping the consensus estimate 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 net margin of 26.78% and a return on equity of 47.73%. Research analysts expect that ASML Holding will post 25.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on 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. DZ Bank upgraded ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Wells Fargo & Company dropped their price target on shares of ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Finally, Susquehanna decreased 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. Two investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $906.00.

ASML 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.