Silver Oak Securities Incorporated Takes $387,000 Position in ASML Holding N.V. $ASML

Silver Oak Securities Incorporated acquired a new stake in shares of ASML Holding N.V. (NASDAQ:ASML) in the first quarter, Holdings Channel reports. The fund acquired 293 shares of the semiconductor company’s stock, valued at approximately $387,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Capstone Wealth Management Group LLC raised its holdings in shares of ASML by 5.2% during the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock valued at $1,664,000 after acquiring an additional 124 shares during the period. AQR Capital Management LLC grew its position in ASML by 141.1% during the 1st quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock worth $4,553,000 after purchasing an additional 4,021 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in ASML by 153.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock worth $11,404,000 after purchasing an additional 10,411 shares in the last quarter. Sivia Capital Partners LLC raised its stake in ASML by 1.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock valued at $936,000 after purchasing an additional 15 shares during the period. Finally, NewEdge Advisors LLC raised its stake in ASML by 5.2% during the 2nd quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company’s stock valued at $9,122,000 after purchasing an additional 559 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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 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 52 week low of $683.48 and a 52 week high of $1,959.04. The firm has a market cap of $705.79 billion, a price-to-earnings ratio of 64.37, a P/E/G ratio of 1.36 and a beta of 1.82.

ASML (NASDAQ:ASML) last posted its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The firm had revenue of $10.15 billion during the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. As a group, equities research analysts expect that ASML Holding N.V. will post 36.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ASML. Weiss Ratings lowered ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. UBS Group reaffirmed a “buy” rating on shares of ASML in a research report on Wednesday, May 20th. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research note on Thursday, June 11th. Wells Fargo & Company boosted their target price on shares of ASML from $1,750.00 to $2,200.00 and gave the stock an “overweight” rating in a research report on Monday, June 22nd. Finally, Bank of America increased their price target on shares of ASML from $2,268.00 to $2,345.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $1,772.62.

ASML Company 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.