Kavar Capital Partners Group LLC Makes New Investment in ASML Holding N.V. (NASDAQ:ASML)

Kavar Capital Partners Group LLC purchased a new position in shares of ASML Holding N.V. (NASDAQ:ASML) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 369 shares of the semiconductor company’s stock, valued at approximately $245,000.

Other hedge funds have also recently modified their holdings of the company. Wealthcare Advisory Partners LLC lifted its position in ASML by 12.3% during the first quarter. Wealthcare Advisory Partners LLC now owns 402 shares of the semiconductor company’s stock valued at $266,000 after purchasing an additional 44 shares in the last quarter. Rhumbline Advisers raised its stake in shares of ASML by 12.7% in the first quarter. Rhumbline Advisers now owns 8,407 shares of the semiconductor company’s stock worth $5,571,000 after buying an additional 947 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of ASML by 2.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,418 shares of the semiconductor company’s stock valued at $22,806,000 after acquiring an additional 763 shares during the period. Novo Holdings A S grew its stake in shares of ASML by 24.4% during the 4th quarter. Novo Holdings A S now owns 165,836 shares of the semiconductor company’s stock valued at $114,938,000 after acquiring an additional 32,500 shares during the period. Finally, Johnson Investment Counsel Inc. increased its holdings in ASML by 26.3% in the 4th quarter. Johnson Investment Counsel Inc. now owns 82,646 shares of the semiconductor company’s stock worth $57,280,000 after acquiring an additional 17,187 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays reiterated an “equal weight” rating on shares of ASML in a research report on Tuesday, June 3rd. Susquehanna cut their price target on ASML from $1,100.00 to $965.00 and set a “positive” rating for the company in a research note on Thursday, April 17th. Citigroup reaffirmed a “buy” rating on shares of ASML in a research note on Monday, May 19th. Sanford C. Bernstein started coverage on ASML in a research report on Tuesday, June 17th. They set a “market perform” rating and a $806.00 target price for the company. Finally, Wells Fargo & Company lowered their price target on ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $913.80.

ASML Trading Up 0.2%

Shares of ASML stock opened at $815.24 on Thursday. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,110.09. 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 business has a 50-day moving average price of $729.15 and a 200-day moving average price of $718.87. The firm has a market cap of $320.73 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 1.58 and a beta of 1.74.

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