ASML Holding N.V. (ASML) Shares Bought by Geode Capital Management LLC
Geode Capital Management LLC increased its stake in ASML Holding N.V. (NASDAQ:ASML) by 24.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,243 shares of the semiconductor company’s stock after buying an additional 7,802 shares during the period. Geode Capital Management LLC’s holdings in ASML Holding N.V. were worth $5,211,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Parsons Capital Management Inc. RI bought a new stake in shares of ASML Holding N.V. during the first quarter valued at approximately $475,000. Wetherby Asset Management Inc. raised its stake in shares of ASML Holding N.V. by 10.8% in the first quarter. Wetherby Asset Management Inc. now owns 3,388 shares of the semiconductor company’s stock valued at $450,000 after buying an additional 331 shares during the period. IFP Advisors Inc raised its stake in shares of ASML Holding N.V. by 34.1% in the first quarter. IFP Advisors Inc now owns 2,555 shares of the semiconductor company’s stock valued at $339,000 after buying an additional 649 shares during the period. Russell Investments Group Ltd. raised its stake in shares of ASML Holding N.V. by 573.5% in the first quarter. Russell Investments Group Ltd. now owns 177,810 shares of the semiconductor company’s stock valued at $23,613,000 after buying an additional 151,409 shares during the period. Finally, Dubuque Bank & Trust Co. bought a new stake in shares of ASML Holding N.V. during the first quarter valued at approximately $1,589,000. Institutional investors and hedge funds own 16.78% of the company’s stock.
ASML Holding N.V. (ASML) traded up 0.67% during trading on Friday, hitting $151.19. 416,941 shares of the stock traded hands. ASML Holding N.V. has a 12 month low of $98.71 and a 12 month high of $155.73.
ASML Holding N.V. (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, July 19th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.02. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $1.99 billion. ASML Holding N.V. had a net margin of 23.69% and a return on equity of 18.48%. The business’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the company posted $0.83 earnings per share. Equities analysts expect that ASML Holding N.V. will post $4.93 EPS for the current fiscal year.
ASML Holding N.V. declared that its board has initiated a share buyback program on Wednesday, July 19th that authorizes the company to repurchase shares. This repurchase authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
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Several brokerages have commented on ASML. B. Riley restated a “neutral” rating and issued a $162.00 price objective on shares of ASML Holding N.V. in a report on Saturday, July 22nd. Royal Bank Of Canada raised their price objective on shares of ASML Holding N.V. from $135.00 to $155.00 and gave the stock a “sector perform” rating in a report on Thursday, July 20th. Bank of America Corporation restated a “buy” rating and issued a $165.00 price objective (up from $140.00) on shares of ASML Holding N.V. in a report on Sunday, June 25th. Zacks Investment Research upgraded shares of ASML Holding N.V. from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of ASML Holding N.V. in a report on Wednesday, May 31st. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $158.00.
About ASML Holding N.V.
ASML Holding N.V. is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling and servicing of semiconductor equipment systems, consisting of lithography systems. The Company’s products include systems, and installed base products and services.
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