ASML Holding N.V. (NASDAQ:ASML) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 19.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,135 shares of the semiconductor company’s stock after acquiring an additional 2,454 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in ASML were worth $10,029,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ASML. Putney Financial Group LLC increased its position in shares of ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 29 shares during the last quarter. Wellington Shields & Co. LLC increased its position in shares of ASML by 740.0% during the fourth quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 37 shares during the last quarter. Pinnacle Bancorp Inc. acquired a new stake in shares of ASML during the first quarter valued at about $42,000. Alpine Bank Wealth Management acquired a new stake in shares of ASML during the first quarter valued at about $43,000. Finally, Investment Management Corp VA ADV acquired a new stake in shares of ASML during the fourth quarter valued at about $46,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Down 0.7%

Shares of ASML stock opened at $794.20 on Friday. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $1,110.09. The company has a 50 day moving average of $747.21 and a 200 day moving average of $722.31. The company has a quick ratio of 0.91, a current ratio of 1.52 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $312.45 billion, a P/E ratio of 33.47, a P/E/G ratio of 1.67 and a beta of 1.73.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.12 by $0.19. ASML had a net margin of 28.32% and a return on equity of 51.82%. The company had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $7.90 billion. As a group, research analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on ASML. Susquehanna dropped their price target on shares of ASML from $1,100.00 to $965.00 and set a “positive” rating for the company in a research report on Thursday, April 17th. Jefferies Financial Group cut shares of ASML from a “buy” rating to a “hold” rating in a report on Thursday, June 26th. Sanford C. Bernstein initiated coverage on shares of ASML in a report on Tuesday, June 17th. They issued a “market perform” rating and a $806.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of ASML from $860.00 to $840.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Finally, Barclays restated an “equal weight” rating on shares of ASML in a report on Tuesday, June 3rd. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $913.80.

About ASML

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.