Harbour Capital Advisors LLC Raises Stake in ASML Holding (NASDAQ:ASML)

Harbour Capital Advisors LLC raised its stake in shares of ASML Holding (NASDAQ:ASML) by 8.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 961 shares of the semiconductor company’s stock after buying an additional 72 shares during the quarter. Harbour Capital Advisors LLC’s holdings in ASML were worth $813,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hilltop National Bank increased its holdings in shares of ASML by 1.0% in the second quarter. Hilltop National Bank now owns 975 shares of the semiconductor company’s stock worth $997,000 after buying an additional 10 shares during the period. First PREMIER Bank raised its holdings in ASML by 4.2% during the 1st quarter. First PREMIER Bank now owns 273 shares of the semiconductor company’s stock valued at $265,000 after buying an additional 11 shares during the last quarter. Investment Partners LTD. raised its stake in shares of ASML by 1.2% during the first quarter. Investment Partners LTD. now owns 898 shares of the semiconductor company’s stock valued at $871,000 after acquiring an additional 11 shares during the last quarter. Valley National Advisers Inc. raised its position in ASML by 1.1% during the 2nd quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company’s stock valued at $1,159,000 after purchasing an additional 12 shares during the last quarter. Finally, Pure Financial Advisors LLC lifted its holdings in ASML by 2.8% in the 2nd quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock worth $454,000 after buying an additional 12 shares during the period. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ASML. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Susquehanna dropped their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. JPMorgan Chase & Co. reduced their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company cut their price objective on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and an average target price of $1,018.00.

ASML Price Performance

Shares of NASDAQ:ASML opened at $700.60 on Friday. The business has a 50-day simple moving average of $837.18 and a two-hundred day simple moving average of $918.35. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. The firm has a market cap of $276.45 billion, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. ASML Holding has a fifty-two week low of $573.86 and a fifty-two week high of $1,110.09.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.37 earnings per share. On average, analysts expect that ASML Holding will post 20.38 earnings per share for the current year.

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.