ASML Holding N.V. (NASDAQ:ASML – Get Free Report) shares rose 5.6% during mid-day trading on Tuesday . The company traded as high as $1,999.96 and last traded at $1,989.44. 2,692,204 shares changed hands during mid-day trading, an increase of 43% from the average session volume of 1,881,510 shares. The stock had previously closed at $1,883.11.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Sanford C. Bernstein reaffirmed a “buy” rating on shares of ASML in a research note on Monday, June 15th. Citigroup reiterated a “buy” rating on shares of ASML in a research note on Thursday, April 16th. UBS Group reissued a “buy” rating on shares of ASML in a report on Wednesday, May 20th. Barclays restated a “buy” rating on shares of ASML in a research note on Monday. Finally, Zacks Research upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Four analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,772.62.
ASML Stock Up 5.6%
ASML (NASDAQ:ASML – Get Free Report) last released its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The firm had revenue of $10.15 billion during the quarter. Sell-side analysts anticipate that ASML Holding N.V. will post 36.69 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in ASML. Arrowstreet Capital Limited Partnership lifted its position in ASML by 195.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock worth $1,652,618,000 after buying an additional 1,022,532 shares in the last quarter. Capital International Investors increased its position in ASML by 17.3% in the 3rd quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock valued at $3,791,982,000 after acquiring an additional 577,448 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of ASML by 75.6% in the third quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock worth $765,632,000 after acquiring an additional 340,518 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of ASML by 16.6% in the third quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock worth $2,079,948,000 after acquiring an additional 305,435 shares during the last quarter. Finally, BlueSpruce Investments LP lifted its position in shares of ASML by 18,861.1% during the third quarter. BlueSpruce Investments LP now owns 244,977 shares of the semiconductor company’s stock worth $237,160,000 after purchasing an additional 243,685 shares in the last quarter. 26.07% of the stock is owned by institutional investors.
About ASML
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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