QRG Capital Management Inc. Raises Holdings in ASML Holding N.V. $ASML

QRG Capital Management Inc. lifted its stake in ASML Holding N.V. (NASDAQ:ASML) by 11.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,118 shares of the semiconductor company’s stock after buying an additional 2,071 shares during the quarter. QRG Capital Management Inc.’s holdings in ASML were worth $21,523,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Triasima Portfolio Management inc. purchased a new stake in shares of ASML in the fourth quarter worth about $1,638,000. FWG Holdings LLC purchased a new stake in shares of ASML in the fourth quarter worth about $426,000. Peregrine Asset Advisers Inc. purchased a new stake in shares of ASML in the fourth quarter worth about $236,000. KPP Advisory Services LLC boosted its stake in shares of ASML by 8.3% in the fourth quarter. KPP Advisory Services LLC now owns 1,899 shares of the semiconductor company’s stock worth $2,032,000 after buying an additional 145 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its stake in shares of ASML by 4.8% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,064 shares of the semiconductor company’s stock worth $1,139,000 after buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. KGI Securities set a $1,415.00 target price on ASML and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Freedom Capital upgraded ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Morgan Stanley reiterated an “overweight” rating on shares of ASML in a research report on Friday, January 16th. Finally, Royal Bank Of Canada increased their price target on ASML from $1,625.00 to $1,700.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,504.38.

ASML Price Performance

Shares of ASML stock opened at $1,386.21 on Tuesday. The business has a 50 day simple moving average of $1,399.33 and a two-hundred day simple moving average of $1,250.24. ASML Holding N.V. has a 12 month low of $675.50 and a 12 month high of $1,547.22. The stock has a market capitalization of $545.17 billion, a P/E ratio of 49.72, a PEG ratio of 1.43 and a beta of 1.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78.

ASML Company Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.