ASML Holding N.V. (ASML) Stake Lifted by Nationwide Fund Advisors
Nationwide Fund Advisors lifted its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,400 shares of the semiconductor company’s stock after acquiring an additional 900 shares during the quarter. Nationwide Fund Advisors’ holdings in ASML Holding N.V. were worth $6,828,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. US Bancorp DE raised its holdings in ASML Holding N.V. by 1.9% during the first quarter. US Bancorp DE now owns 5,188 shares of the semiconductor company’s stock worth $688,000 after purchasing an additional 96 shares in the last quarter. Ameriprise Financial Inc. lifted its position in ASML Holding N.V. by 2.8% in the first quarter. Ameriprise Financial Inc. now owns 69,390 shares of the semiconductor company’s stock valued at $9,216,000 after purchasing an additional 1,875 shares during the period. Envestnet Asset Management Inc. lifted its position in ASML Holding N.V. by 9.3% in the first quarter. Envestnet Asset Management Inc. now owns 9,667 shares of the semiconductor company’s stock valued at $1,287,000 after purchasing an additional 825 shares during the period. PNC Financial Services Group Inc. lifted its position in ASML Holding N.V. by 60.0% in the first quarter. PNC Financial Services Group Inc. now owns 95,722 shares of the semiconductor company’s stock valued at $12,713,000 after purchasing an additional 35,880 shares during the period. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in ASML Holding N.V. in the 1st quarter valued at approximately $10,951,000. Institutional investors and hedge funds own 16.08% of the company’s stock.
Several research firms have issued reports on ASML. Sanford C. Bernstein reiterated a “buy” rating on shares of ASML Holding N.V. in a research report on Wednesday, June 7th. Citigroup Inc. raised ASML Holding N.V. from a “neutral” rating to a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research raised ASML Holding N.V. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a report on Wednesday, June 21st. Bank of America Corporation reissued a “buy” rating and issued a $165.00 price target (up from $140.00) on shares of ASML Holding N.V. in a report on Sunday, June 25th. Finally, B. Riley restated a “neutral” rating and issued a $122.00 price target on shares of ASML Holding N.V. in a research note on Monday, July 17th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $167.67.
Shares of ASML Holding N.V. (NASDAQ:ASML) opened at 171.20 on Monday. ASML Holding N.V. has a 52-week low of $98.71 and a 52-week high of $171.53.
ASML Holding N.V. (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, July 19th. The semiconductor company reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.02. ASML Holding N.V. had a net margin of 23.69% and a return on equity of 18.48%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the business earned $0.83 earnings per share. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, analysts predict that ASML Holding N.V. will post $5.01 EPS for the current fiscal year.
ASML Holding N.V. declared that its Board of Directors has initiated a share repurchase plan on Wednesday, July 19th that permits the company to buyback shares. This buyback authorization permits the semiconductor company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.
ASML Holding N.V. Profile
ASML Holding N.V. is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling and servicing of semiconductor equipment systems, consisting of lithography systems. The Company’s products include systems, and installed base products and services.
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