First American Bank Takes $594,000 Position in ASML Holding N.V. $ASML

First American Bank bought a new stake in ASML Holding N.V. (NASDAQ:ASMLFree Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 450 shares of the semiconductor company’s stock, valued at approximately $594,000.

Several other large investors have also recently bought and sold shares of the stock. Cornerstone Financial Management LLC acquired a new position in shares of ASML during the 4th quarter worth approximately $26,000. Binnacle Investments Inc boosted its holdings in shares of ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 15 shares during the last quarter. Resources Management Corp CT ADV boosted its holdings in shares of ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 23 shares during the last quarter. North Star Investment Management Corp. grew its stake in shares of ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc bought a new position in shares of ASML in the fourth quarter valued at $30,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ASML shares. Morgan Stanley reaffirmed an “overweight” rating on shares of ASML in a research report on Wednesday, June 3rd. Bank of America lifted their price objective on shares of ASML from $2,268.00 to $2,345.00 and gave the company a “buy” rating in a research report on Monday. Barclays restated an “overweight” rating on shares of ASML in a research note on Thursday, June 4th. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a report on Monday, June 1st. Finally, Citigroup reiterated a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and an average price target of $1,772.62.

View Our Latest Analysis on ASML

ASML News Summary

Here are the key news stories impacting ASML this week:

ASML Stock Up 4.4%

ASML opened at $1,841.18 on Friday. The stock’s fifty day simple moving average is $1,622.22 and its 200 day simple moving average is $1,421.57. ASML Holding N.V. has a 1-year low of $683.48 and a 1-year high of $1,959.04. The stock has a market cap of $724.10 billion, a PE ratio of 66.04, a price-to-earnings-growth ratio of 1.34 and a beta of 1.82. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13.

ASML (NASDAQ:ASMLGet Free Report) last released its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. The firm had revenue of $10.15 billion during the quarter. As a group, research analysts expect that ASML Holding N.V. will post 36.69 earnings per share for the current year.

ASML Company Profile

(Free Report)

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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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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