Park Avenue Securities LLC Has $7.50 Million Stock Position in ASML Holding (NASDAQ:ASML)

Park Avenue Securities LLC raised its stake in shares of ASML Holding (NASDAQ:ASML) by 5.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,311 shares of the semiconductor company’s stock after purchasing an additional 577 shares during the quarter. Park Avenue Securities LLC’s holdings in ASML were worth $7,495,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Edgewood Management LLC boosted its holdings in ASML by 43.1% during the fourth quarter. Edgewood Management LLC now owns 3,186,667 shares of the semiconductor company’s stock valued at $2,208,615,000 after purchasing an additional 959,696 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of 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. GAMMA Investing LLC raised its stake in shares of ASML by 70,115.5% in the first quarter. GAMMA Investing LLC now owns 1,400,800 shares of the semiconductor company’s stock valued at $9,282,120,000 after acquiring an additional 1,398,805 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of ASML by 2.8% in the fourth quarter. Clearbridge Investments LLC now owns 1,252,849 shares of the semiconductor company’s stock valued at $868,324,000 after acquiring an additional 33,603 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of ASML by 1.4% in the fourth quarter. Neuberger Berman Group LLC now owns 962,578 shares of the semiconductor company’s stock valued at $667,155,000 after acquiring an additional 13,115 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ASML shares. Susquehanna cut 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. Wells Fargo & Company cut their target price on shares of ASML from $860.00 to $840.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Barclays reiterated an “equal weight” rating on shares of ASML in a research note on Tuesday, June 3rd. Finally, Citigroup reiterated a “buy” rating on shares of ASML in a research note on Monday, May 19th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and an average target price of $906.00.

ASML Stock Performance

ASML stock opened at $753.02 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99. The company has a 50 day moving average price of $694.72 and a 200 day moving average price of $711.56. ASML Holding has a fifty-two week low of $578.51 and a fifty-two week high of $1,110.09. The stock has a market capitalization of $296.25 billion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 1.62 and a beta of 1.74.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, topping the consensus estimate of $6.12 by $0.19. ASML had a net margin of 26.78% and a return on equity of 47.73%. The firm had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $7.90 billion. Analysts forecast that ASML Holding will post 25.17 EPS for the current 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.