Grimes & Company Inc. Buys Shares of 17,717 ASML Holding (NASDAQ:ASML)

Grimes & Company Inc. bought a new stake in shares of ASML Holding (NASDAQ:ASML) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,717 shares of the semiconductor company’s stock, valued at approximately $11,740,000.

Several other institutional investors also recently bought and sold shares of the stock. Edgewood Management LLC raised 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 buying an additional 959,696 shares in the last quarter. GAMMA Investing LLC grew its position 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 purchasing an additional 1,398,805 shares during the last quarter. Clearbridge Investments LLC grew its position 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 purchasing an additional 33,603 shares during the last quarter. Neuberger Berman Group LLC grew its position 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 purchasing an additional 13,115 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of ASML by 5.4% in the fourth 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 during the last quarter. 26.07% of the stock is currently owned by institutional investors.

ASML Stock Up 1.9%

NASDAQ ASML opened at $775.23 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average is $713.86 and its two-hundred day moving average is $715.79. The company has a market capitalization of $304.99 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 1.62 and a beta of 1.74. ASML Holding has a 1-year low of $578.51 and a 1-year high of $1,110.09.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ASML shares. Citigroup reaffirmed a “buy” rating on shares of ASML in a research report on Monday, May 19th. Wells Fargo & Company lowered their price target on ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Barclays reaffirmed an “equal weight” rating on shares of ASML in a research report on Tuesday, June 3rd. Finally, Susquehanna decreased their target price on ASML from $1,100.00 to $965.00 and set a “positive” rating on the stock in a research report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.