ASML Holding N.V. (NASDAQ:ASML – Get Free Report)’s stock price traded down 4% during mid-day trading on Monday . The company traded as low as $1,718.08 and last traded at $1,726.04. Approximately 1,402,360 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 1,877,233 shares. The stock had previously closed at $1,797.32.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of ASML from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Susquehanna reiterated a “positive” rating on shares of ASML in a research report on Tuesday, June 30th. Bank of America upped their target price on ASML from $2,268.00 to $2,345.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Freedom Capital upgraded ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. Finally, Barclays reissued a “buy” rating on shares of ASML in a research report on Monday, June 29th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,854.12.
Get Our Latest Research Report on ASML
ASML Price Performance
ASML (NASDAQ:ASML – Get Free Report) last posted its 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 during the quarter. On average, analysts anticipate that ASML Holding N.V. will post 36.62 earnings per share for the current fiscal year.
Hedge Funds Weigh In On ASML
A number of large investors have recently made changes to their positions in ASML. Capstone Wealth Management Group LLC lifted its holdings in shares of ASML by 5.2% during the first 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 increased its position in shares of ASML by 141.1% during the first quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock worth $4,553,000 after purchasing an additional 4,021 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of 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 purchasing an additional 10,411 shares during the last quarter. Sivia Capital Partners LLC increased its position in ASML by 1.3% during the second quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock worth $936,000 after purchasing 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 valued at $9,122,000 after purchasing an additional 559 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.
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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