Madison Asset Management LLC Grows Position in ASML Holding N.V. $ASML

Madison Asset Management LLC increased its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 21.0% in the fourth quarter, Holdings Channel reports. The firm owned 15,672 shares of the semiconductor company’s stock after buying an additional 2,717 shares during the period. Madison Asset Management LLC’s holdings in ASML were worth $16,767,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Manning & Napier Advisors LLC purchased a new position in ASML during the third quarter worth about $25,000. Binnacle Investments Inc increased its position in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 15 shares during the last quarter. North Star Investment Management Corp. raised its stake in shares of ASML by 68.8% in the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 11 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of ASML in the 4th quarter worth approximately $32,000. Finally, JPL Wealth Management LLC acquired a new position in shares of ASML in the 3rd quarter worth approximately $34,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on ASML shares. Wall Street Zen downgraded shares of ASML from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research note on Wednesday, April 15th. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a research report on Wednesday, April 8th. Grupo Santander cut ASML to an “underperform” rating in a research note on Thursday, January 22nd. Finally, TD Cowen reiterated a “buy” rating on shares of ASML in a report on Wednesday, January 28th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,504.38.

ASML Trading Down 2.9%

Shares of ASML stock opened at $1,520.94 on Wednesday. ASML Holding N.V. has a fifty-two week low of $683.48 and a fifty-two week high of $1,595.31. The company has a 50 day moving average price of $1,405.10 and a 200 day moving average price of $1,271.69. The stock has a market capitalization of $598.16 billion, a P/E ratio of 54.55, a price-to-earnings-growth ratio of 1.28 and a beta of 1.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36.

ASML (NASDAQ:ASML) last released its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The company had revenue of $10.15 billion for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. Equities research analysts predict that ASML Holding N.V. will post 37.08 EPS for the current fiscal year.

About ASML

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.