Fred Alger Management Inc. lowered its stake in ASML Holding N.V. (NASDAQ:ASML) by 25.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,175 shares of the semiconductor company’s stock after selling 5,135 shares during the period. Fred Alger Management Inc.’s holdings in ASML Holding N.V. were worth $1,977,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ASML. BlackRock Inc. increased its holdings in shares of ASML Holding N.V. by 1,837.0% in the first quarter. BlackRock Inc. now owns 2,544,452 shares of the semiconductor company’s stock worth $337,903,000 after buying an additional 2,413,090 shares during the period. Waddell & Reed Financial Inc. increased its holdings in shares of ASML Holding N.V. by 860.7% in the first quarter. Waddell & Reed Financial Inc. now owns 1,990,999 shares of the semiconductor company’s stock worth $264,405,000 after buying an additional 1,783,759 shares during the period. Winslow Capital Management LLC purchased a new position in shares of ASML Holding N.V. in the second quarter worth about $188,068,000. Fisher Asset Management LLC increased its holdings in shares of ASML Holding N.V. by 235.7% in the second quarter. Fisher Asset Management LLC now owns 1,950,698 shares of the semiconductor company’s stock worth $254,196,000 after buying an additional 1,369,671 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of ASML Holding N.V. by 277.2% in the first quarter. Renaissance Technologies LLC now owns 685,049 shares of the semiconductor company’s stock worth $90,975,000 after buying an additional 503,450 shares during the period. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded ASML Holding N.V. from a “hold” rating to a “buy” rating and set a $191.00 price objective on the stock in a report on Tuesday, October 3rd. Royal Bank Of Canada reissued a “hold” rating and issued a $155.00 target price on shares of ASML Holding N.V. in a research note on Tuesday, October 3rd. J P Morgan Chase & Co reissued a “buy” rating on shares of ASML Holding N.V. in a research note on Tuesday, October 3rd. Bank of America Corporation reissued a “buy” rating and issued a $210.00 target price on shares of ASML Holding N.V. in a research note on Tuesday, October 3rd. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $184.00 target price (up from $172.50) on shares of ASML Holding N.V. in a research note on Thursday, September 21st. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $182.00.

TRADEMARK VIOLATION WARNING: “Fred Alger Management Inc. Has $1.98 Million Stake in ASML Holding N.V. (ASML)” was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://www.watchlistnews.com/fred-alger-management-inc-has-1-98-million-stake-in-asml-holding-n-v-asml/1617789.html.

Shares of ASML Holding N.V. (ASML) opened at 169.44 on Friday. ASML Holding N.V. has a 1-year low of $98.71 and a 1-year high of $171.76.

ASML Holding N.V. (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, July 19th. The semiconductor company reported $1.08 earnings per share for the quarter, topping 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 company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the company posted $0.83 EPS. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, equities analysts expect that ASML Holding N.V. will post $4.95 EPS for the current fiscal year.

ASML Holding N.V. announced that its board has authorized a share buyback program on Wednesday, July 19th that permits the company to repurchase outstanding shares. This repurchase authorization permits the semiconductor company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

About ASML Holding N.V.

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.

Institutional Ownership by Quarter for ASML Holding N.V. (NASDAQ:ASML)

Receive News & Ratings for ASML Holding N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASML Holding N.V. and related companies with Analyst Ratings Network's FREE daily email newsletter.