Sterling Capital Management LLC Increases Stock Position in ASML Holding N.V. $ASML

Sterling Capital Management LLC lifted its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 41.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 2,856 shares of the semiconductor company’s stock after purchasing an additional 834 shares during the period. Sterling Capital Management LLC’s holdings in ASML were worth $3,772,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC purchased a new stake in ASML during the fourth quarter valued at about $26,000. Resources Management Corp CT ADV raised 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 worth $27,000 after purchasing an additional 23 shares during the period. North Star Investment Management Corp. lifted its stake in shares of ASML by 68.8% in the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 11 shares in the last quarter. Jessup Wealth Management Inc acquired a new position in shares of ASML in the 4th quarter valued at about $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of ASML during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ASML shares. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research report on Monday, June 1st. Susquehanna reaffirmed a “positive” rating on shares of ASML in a research report on Thursday, April 9th. JPMorgan Chase & Co. boosted their price objective on shares of ASML from $1,813.00 to $2,200.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Weiss Ratings lowered shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Finally, Morningstar downgraded shares of ASML to a “sell” rating in a research note on Wednesday, May 27th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and a consensus target price of $1,772.62.

ASML Stock Performance

Shares of NASDAQ:ASML opened at $1,794.62 on Friday. The business’s 50-day simple moving average is $1,628.47 and its 200 day simple moving average is $1,424.18. The company has a market cap of $705.79 billion, a P/E ratio of 64.37, a PEG ratio of 1.36 and a beta of 1.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. ASML Holding N.V. has a one year low of $683.48 and a one year high of $1,959.04.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The firm had revenue of $10.15 billion during the quarter. On average, sell-side analysts forecast that ASML Holding N.V. will post 36.69 earnings per share for the current fiscal year.

ASML 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.