Bank of America Corp DE Boosts Position in ASML Holding NV (NASDAQ:ASML)

Bank of America Corp DE boosted its holdings in ASML Holding NV (NASDAQ:ASML) by 11.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,337,551 shares of the semiconductor company’s stock after buying an additional 134,431 shares during the period. Bank of America Corp DE owned approximately 0.32% of ASML worth $278,117,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Advisors Inc. increased its position in shares of ASML by 52.5% in the first quarter. Cornerstone Advisors Inc. now owns 1,124 shares of the semiconductor company’s stock valued at $211,000 after acquiring an additional 387 shares during the period. American International Group Inc. increased its position in shares of ASML by 6.3% during the first quarter. American International Group Inc. now owns 4,348 shares of the semiconductor company’s stock valued at $818,000 after buying an additional 258 shares during the period. CIBC Asset Management Inc increased its position in shares of ASML by 11.1% during the first quarter. CIBC Asset Management Inc now owns 3,456 shares of the semiconductor company’s stock valued at $650,000 after buying an additional 344 shares during the period. TD Asset Management Inc. increased its position in shares of ASML by 299.4% during the first quarter. TD Asset Management Inc. now owns 28,659 shares of the semiconductor company’s stock valued at $5,389,000 after buying an additional 21,483 shares during the period. Finally, US Bancorp DE increased its position in shares of ASML by 58.6% during the first quarter. US Bancorp DE now owns 9,887 shares of the semiconductor company’s stock valued at $1,859,000 after buying an additional 3,653 shares during the period. Institutional investors and hedge funds own 16.94% of the company’s stock.

Several brokerages recently issued reports on ASML. ABN Amro began coverage on shares of ASML in a research report on Monday, July 29th. They set a “hold” rating on the stock. ValuEngine lowered shares of ASML from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Morgan Stanley initiated coverage on shares of ASML in a research note on Wednesday, June 19th. They set an “overweight” rating on the stock. Wells Fargo & Co boosted their price objective on shares of ASML from $240.00 to $276.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. Finally, Santander lowered shares of ASML from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. ASML has an average rating of “Buy” and an average target price of $214.00.

ASML stock traded up $8.51 during midday trading on Friday, reaching $260.00. 981,135 shares of the company traded hands, compared to its average volume of 594,771. The firm has a market capitalization of $109.50 billion, a price-to-earnings ratio of 36.21, a price-to-earnings-growth ratio of 2.52 and a beta of 1.25. The business has a 50 day moving average of $237.86 and a two-hundred day moving average of $213.06. ASML Holding NV has a 12 month low of $144.50 and a 12 month high of $262.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.68 and a quick ratio of 1.62.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $1.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.18. ASML had a net margin of 23.08% and a return on equity of 21.30%. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the firm earned $1.37 earnings per share. As a group, equities analysts forecast that ASML Holding NV will post 6.8 EPS for the current year.

About ASML

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 Holistic Lithography solutions, which integrate its three categories of products, including DUV lithography, EUV lithography, and Applications.

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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