Putnam Investments LLC Invests $64.11 Million in ASML Holding NV (ASML)

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Putnam Investments LLC bought a new stake in shares of ASML Holding NV (NASDAQ:ASML) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 323,812 shares of the semiconductor company’s stock, valued at approximately $64,105,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Smithfield Trust Co. purchased a new stake in shares of ASML during the second quarter valued at $104,000. Clearwater Capital Advisors LLC purchased a new stake in shares of ASML during the first quarter valued at $114,000. Institutional & Family Asset Management LLC purchased a new stake in shares of ASML during the first quarter valued at $115,000. Signaturefd LLC purchased a new stake in shares of ASML during the first quarter valued at $151,000. Finally, Nomura Asset Management Co. Ltd. purchased a new stake in shares of ASML during the second quarter valued at $201,000. 16.64% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on ASML. Zacks Investment Research raised shares of ASML from a “hold” rating to a “buy” rating and set a $229.00 target price for the company in a research note on Wednesday, July 18th. B. Riley upped their price objective on shares of ASML from $200.00 to $205.00 and gave the stock a “$215.26” rating in a research note on Thursday, July 19th. Credit Suisse Group upped their price objective on shares of ASML from $194.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, July 19th. BidaskClub raised shares of ASML from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of ASML in a research note on Friday, June 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $210.43.

NASDAQ:ASML opened at $184.35 on Friday. ASML Holding NV has a 1-year low of $160.95 and a 1-year high of $221.66. The stock has a market capitalization of $74.80 billion, a P/E ratio of 27.10, a price-to-earnings-growth ratio of 1.34 and a beta of 1.06. The company has a quick ratio of 1.77, a current ratio of 2.73 and a debt-to-equity ratio of 0.28.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, July 18th. The semiconductor company reported $1.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.20. ASML had a net margin of 23.86% and a return on equity of 22.51%. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. analysts predict that ASML Holding NV will post 6.98 earnings per share for the current fiscal year.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells three categories of products, including DUV lithography, EUV lithography, and Holistic lithography solutions.

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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