Light Street Capital Management LLC Purchases 128 Shares of ASML Holding (NASDAQ:ASML)

Light Street Capital Management LLC increased its holdings in shares of ASML Holding (NASDAQ:ASML) by 40.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 448 shares of the semiconductor company’s stock after acquiring an additional 128 shares during the quarter. ASML comprises about 0.1% of Light Street Capital Management LLC’s investment portfolio, making the stock its 25th largest holding. Light Street Capital Management LLC’s holdings in ASML were worth $310,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ASML. Edgewood Management LLC grew its stake in ASML by 43.1% during the fourth quarter. Edgewood Management LLC now owns 3,186,667 shares of the semiconductor company’s stock worth $2,208,615,000 after buying an additional 959,696 shares in the last quarter. Van ECK Associates Corp increased its stake in ASML by 1.8% in the fourth quarter. Van ECK Associates Corp now owns 1,788,280 shares of the semiconductor company’s stock valued at $1,239,421,000 after acquiring an additional 31,231 shares during the last quarter. Clearbridge Investments LLC raised its position in ASML by 2.8% during the fourth quarter. Clearbridge Investments LLC now owns 1,252,849 shares of the semiconductor company’s stock valued at $868,324,000 after purchasing an additional 33,603 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in 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 purchasing an additional 13,115 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of ASML by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 898,544 shares of the semiconductor company’s stock valued at $622,769,000 after purchasing an additional 46,028 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

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

ASML Price Performance

ASML stock opened at $706.21 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53. The business has a 50-day simple moving average of $679.19 and a two-hundred day simple moving average of $701.72. ASML Holding has a 52-week low of $578.51 and a 52-week high of $1,110.09. The company has a market capitalization of $277.84 billion, a P/E ratio of 33.95, a price-to-earnings-growth ratio of 1.62 and a beta of 1.75.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, topping analysts’ consensus estimates of $6.12 by $0.19. ASML had a return on equity of 47.73% and a net margin of 26.78%. The business had revenue of $8.77 billion for the quarter, compared to analyst estimates of $7.90 billion. Research analysts expect that ASML Holding will post 25.17 EPS for the current fiscal year.

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.