ASML Holding N.V. (NASDAQ:ASML – Get Free Report)’s share price was down 6.6% during mid-day trading on Friday . The stock traded as low as $1,638.38 and last traded at $1,641.74. Approximately 2,694,314 shares were traded during mid-day trading, an increase of 49% from the average daily volume of 1,808,246 shares. The stock had previously closed at $1,757.47.
Analysts Set New Price Targets
ASML has been the subject of a number of research reports. Citigroup reissued a “buy” rating on shares of ASML in a report on Thursday, April 16th. DZ Bank restated a “neutral” rating on shares of ASML in a report on Wednesday, April 15th. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research note on Friday, May 8th. The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a research report on Wednesday, May 13th. Finally, Morningstar cut ASML to a “sell” rating in a report on Wednesday, May 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,589.63.
View Our Latest Stock Report on ASML
ASML Stock Down 6.6%
ASML (NASDAQ:ASML – Get Free Report) last announced its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The business had revenue of $10.15 billion for the quarter. Equities analysts expect that ASML Holding N.V. will post 37.1 EPS for the current year.
Hedge Funds Weigh In On ASML
Several institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its holdings 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 valued at $1,652,618,000 after purchasing an additional 1,022,532 shares in the last quarter. Capital International Investors raised its position in shares of ASML by 17.3% during the third quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock worth $3,791,982,000 after acquiring an additional 577,448 shares during the last quarter. Regents of The University of California acquired a new position in ASML during the 3rd quarter valued at about $413,335,000. Alliancebernstein L.P. grew its position in shares of ASML by 75.6% during the 3rd quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock worth $765,632,000 after buying an additional 340,518 shares during the period. Finally, Van ECK Associates Corp raised its stake in shares of ASML by 16.6% during 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 buying an additional 305,435 shares during 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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