QRG Capital Management Inc. Increases Stock Holdings in ASML Holding N.V. $ASML

QRG Capital Management Inc. increased its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 15.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 23,254 shares of the semiconductor company’s stock after acquiring an additional 3,136 shares during the period. QRG Capital Management Inc.’s holdings in ASML were worth $30,715,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ASML. Arrowstreet Capital Limited Partnership raised its stake in shares of ASML by 195.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock valued at $1,652,618,000 after purchasing an additional 1,022,532 shares during the period. Capital International Investors lifted its position in shares of ASML by 17.3% during the third quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock worth $3,791,982,000 after purchasing an additional 577,448 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of ASML by 75.6% in the third quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock valued at $765,632,000 after purchasing an additional 340,518 shares during the period. Van ECK Associates Corp grew its holdings in ASML by 16.6% during the 3rd quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock valued at $2,079,948,000 after purchasing an additional 305,435 shares in the last quarter. Finally, BlueSpruce Investments LP grew its holdings in ASML by 18,861.1% during the 3rd quarter. BlueSpruce Investments LP now owns 244,977 shares of the semiconductor company’s stock valued at $237,160,000 after purchasing an additional 243,685 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on ASML shares. Morgan Stanley reiterated an “overweight” rating on shares of ASML in a report on Wednesday, June 3rd. Barclays restated a “buy” rating on shares of ASML in a research note on Monday, June 29th. DZ Bank reiterated a “neutral” rating on shares of ASML in a research note on Wednesday, April 15th. Zacks Research raised ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Finally, Berenberg Bank restated a “buy” rating on shares of ASML in a research note on Friday, May 8th. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and an average price target of $1,772.62.

ASML Stock Performance

NASDAQ ASML opened at $1,769.32 on Friday. ASML Holding N.V. has a 12 month low of $683.48 and a 12 month high of $1,999.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The company has a market capitalization of $695.84 billion, a price-to-earnings ratio of 63.46, a price-to-earnings-growth ratio of 1.34 and a beta of 1.78. The company’s fifty day moving average price is $1,668.56 and its two-hundred day moving average price is $1,450.06.

ASML (NASDAQ:ASML) last released its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The company had revenue of $10.15 billion during the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. As a group, research analysts predict that ASML Holding N.V. will post 36.62 earnings per share for the current fiscal year.

ASML Company Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.