Abacus Wealth Partners LLC acquired a new stake in ASML Holding N.V. (NASDAQ:ASML – Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,672 shares of the semiconductor company’s stock, valued at approximately $1,789,000.
Several other institutional investors and hedge funds have also recently modified their holdings of ASML. Capstone Wealth Management Group LLC increased its holdings in shares of ASML by 5.2% in the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock valued at $1,664,000 after purchasing an additional 124 shares during the last quarter. AQR Capital Management LLC increased its position in ASML by 141.1% during the 1st quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock worth $4,553,000 after buying an additional 4,021 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in ASML by 153.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock worth $11,404,000 after buying an additional 10,411 shares during the period. Sivia Capital Partners LLC increased its position in ASML by 1.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock worth $936,000 after buying an additional 15 shares during the period. Finally, NewEdge Advisors LLC increased its position in ASML by 5.2% during the 2nd quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company’s stock worth $9,122,000 after buying an additional 559 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.
Key ASML News
Here are the key news stories impacting ASML this week:
- Positive Sentiment: ASML and Tata Electronics signed a deal to support an advanced chip fab project in Gujarat, India, highlighting new growth opportunities for ASML in a major emerging semiconductor market. Dutch chip giant ASML signs deal with Tata to power India semiconductor plant
- Positive Sentiment: Multiple reports said the Tata-ASML agreement strengthens India’s semiconductor push, which could boost long-term demand for ASML’s lithography systems. Tata Electronics partners with ASML for its $11Bn chip manufacturing project
- Positive Sentiment: Goldman Sachs reiterated its “Buy” rating on ASML, adding to investor confidence in the stock’s outlook. ASML’s (ASML) “Buy” Rating Reiterated at The Goldman Sachs Group
- Positive Sentiment: JPMorgan also reaffirmed its “Buy” rating, while brokerage coverage continues to point to a consensus “Moderate Buy” for ASML. ASML – JP Morgan reiterates its buy rating
ASML Price Performance
ASML (NASDAQ:ASML – Get Free Report) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The firm had revenue of $10.15 billion during the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. As a group, equities analysts predict that ASML Holding N.V. will post 37.09 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on ASML shares. UBS Group reiterated a “buy” rating on shares of ASML in a research report on Thursday, April 23rd. Royal Bank Of Canada increased their price objective 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. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML in a research report on Friday. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research report on Friday, May 8th. Finally, Zacks Research cut ASML from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, ASML has an average rating of “Moderate Buy” and an average target price of $1,504.38.
Check Out Our Latest Research Report on ASML
ASML 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.
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