Harbour Capital Advisors LLC Grows Stock Position in ASML Holding (NASDAQ:ASML)

Harbour Capital Advisors LLC grew its holdings in shares of ASML Holding (NASDAQ:ASML) by 8.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 961 shares of the semiconductor company’s stock after acquiring an additional 72 shares during the period. Harbour Capital Advisors LLC’s holdings in ASML were worth $813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of ASML. American International Group Inc. lifted its position in shares of ASML by 3.2% during the 4th quarter. American International Group Inc. now owns 6,100 shares of the semiconductor company’s stock valued at $4,617,000 after buying an additional 192 shares in the last quarter. NBC Securities Inc. lifted its holdings in ASML by 63.1% during the first quarter. NBC Securities Inc. now owns 106 shares of the semiconductor company’s stock valued at $112,000 after purchasing an additional 41 shares in the last quarter. First Hawaiian Bank boosted its position in shares of ASML by 258.7% in the first quarter. First Hawaiian Bank now owns 1,076 shares of the semiconductor company’s stock worth $1,044,000 after purchasing an additional 776 shares during the period. Mather Group LLC. purchased a new stake in shares of ASML in the first quarter worth $188,000. Finally, Wedmont Private Capital raised its position in shares of ASML by 13.6% during the 1st quarter. Wedmont Private Capital now owns 794 shares of the semiconductor company’s stock valued at $786,000 after purchasing an additional 95 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Up 2.5 %

Shares of ASML opened at $700.60 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average of $837.18 and a 200 day moving average of $918.35. The company has a market cap of $276.45 billion, a PE ratio of 35.78, a P/E/G ratio of 2.08 and a beta of 1.48. ASML Holding has a 52-week low of $573.86 and a 52-week high of $1,110.09.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.14. The firm had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The business’s revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the business earned $5.37 EPS. On average, sell-side analysts expect that ASML Holding will post 20.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ASML. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Susquehanna lowered their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. cut their target price on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,018.00.

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.