Griffin Asset Management Inc. Raises Holdings in ASML Holding (NASDAQ:ASML)

Griffin Asset Management Inc. increased its stake in ASML Holding (NASDAQ:ASML) by 5.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,466 shares of the semiconductor company’s stock after acquiring an additional 1,131 shares during the period. ASML makes up approximately 1.7% of Griffin Asset Management Inc.’s investment portfolio, making the stock its 12th biggest position. Griffin Asset Management Inc.’s holdings in ASML were worth $13,562,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ASML. Savant Capital LLC boosted its position in shares of ASML by 22.4% during the fourth quarter. Savant Capital LLC now owns 907 shares of the semiconductor company’s stock valued at $629,000 after buying an additional 166 shares during the period. Focus Financial Network Inc. raised its stake in ASML by 154.5% in the fourth quarter. Focus Financial Network Inc. now owns 644 shares of the semiconductor company’s stock worth $446,000 after buying an additional 391 shares in the last quarter. Gladstone Institutional Advisory LLC bought a new position in ASML in the fourth quarter worth approximately $230,000. Avidian Wealth Enterprises LLC raised its stake in ASML by 219.8% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 793 shares of the semiconductor company’s stock worth $549,000 after buying an additional 545 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of ASML by 22.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,102 shares of the semiconductor company’s stock worth $4,974,000 after purchasing an additional 1,279 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Trading Down 3.2%

Shares of ASML stock opened at $761.00 on Friday. The stock has a market cap of $299.39 billion, a P/E ratio of 36.59, a P/E/G ratio of 1.62 and a beta of 1.74. The stock’s 50 day simple moving average is $710.27 and its 200-day simple moving average is $714.56. ASML Holding has a 1-year low of $578.51 and a 1-year high of $1,110.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99.

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

Wall Street Analyst Weigh In

ASML has been the subject of several analyst reports. Susquehanna decreased their price objective on ASML from $1,100.00 to $965.00 and set a “positive” rating for the company in a report on Thursday, April 17th. Citigroup reiterated a “buy” rating on shares of ASML in a research note on Monday, May 19th. Wells Fargo & Company dropped their target price on ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Finally, Barclays restated an “equal weight” rating on shares of ASML in a research report on Tuesday, June 3rd. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, ASML has a consensus 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.