ASML Holding N.V. (NASDAQ:ASML – Get Free Report)’s stock price was down 7.4% during trading on Wednesday . The stock traded as low as $1,832.63 and last traded at $1,843.04. Approximately 2,572,412 shares traded hands during trading, an increase of 36% from the average daily volume of 1,887,273 shares. The stock had previously closed at $1,989.44.
Analyst Ratings Changes
ASML has been the topic of a number of recent research reports. Bank of America upped their price objective on shares of ASML from $2,268.00 to $2,345.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Freedom Capital raised ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a report on Thursday, June 11th. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research note on Friday, May 8th. Finally, Weiss Ratings downgraded shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and a consensus price target of $1,772.62.
Read Our Latest Stock Report on ASML
ASML Stock Performance
ASML (NASDAQ:ASML – Get Free Report) last released 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 net margin of 27.65% and a return on equity of 48.69%. As a group, equities research analysts forecast that ASML Holding N.V. will post 36.69 EPS for the current fiscal year.
Institutional Trading of ASML
Several large investors have recently modified their holdings of the company. Capstone Wealth Management Group LLC lifted its stake in shares of ASML by 5.2% in the 1st quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock worth $1,664,000 after purchasing an additional 124 shares during the period. AQR Capital Management LLC grew its position in ASML by 141.1% during the first quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock valued at $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 holdings in ASML by 153.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock valued at $11,404,000 after buying an additional 10,411 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in ASML by 1.3% during the second quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock valued at $936,000 after buying an additional 15 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in ASML by 5.2% in the second quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company’s stock worth $9,122,000 after acquiring an additional 559 shares during the period. Institutional investors own 26.07% of the company’s stock.
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.
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