First American Bank Invests $594,000 in ASML Holding N.V. $ASML

First American Bank bought a new stake in ASML Holding N.V. (NASDAQ:ASMLFree Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 450 shares of the semiconductor company’s stock, valued at approximately $594,000.

A number of other large investors also recently made changes to their positions in ASML. Cornerstone Financial Management LLC acquired a new position in ASML in the 4th quarter valued at $26,000. Binnacle Investments Inc lifted its holdings in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after buying an additional 15 shares in the last quarter. Resources Management Corp CT ADV lifted its holdings in shares of ASML by 1,150.0% during the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after buying an additional 23 shares in the last quarter. North Star Investment Management Corp. boosted its position in shares of ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 11 shares during the period. Finally, Jessup Wealth Management Inc acquired a new position in shares of ASML in the fourth quarter valued at about $30,000. Institutional investors own 26.07% of the company’s stock.

Key ASML News

Here are the key news stories impacting ASML this week:

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. UBS Group reaffirmed a “buy” rating on shares of ASML in a research report on Wednesday, May 20th. Bank of America boosted their price objective on shares of ASML from $2,268.00 to $2,345.00 and gave the company a “buy” rating in a report on Monday. Susquehanna restated a “positive” rating on shares of ASML in a research report on Thursday, April 9th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a report on Thursday, June 11th. Finally, Wells Fargo & Company boosted their price target on ASML from $1,750.00 to $2,200.00 and gave the company an “overweight” rating in a research note on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and an average target price of $1,772.62.

View Our Latest Analysis on ASML

ASML Trading Up 4.4%

Shares of ASML stock opened at $1,841.18 on Friday. The company has a market capitalization of $724.10 billion, a price-to-earnings ratio of 66.04, a PEG ratio of 1.34 and a beta of 1.82. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. ASML Holding N.V. has a 12-month low of $683.48 and a 12-month high of $1,959.04. The firm’s 50-day moving average price is $1,622.22 and its two-hundred day moving average price is $1,421.57.

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

ASML Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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