Spinnaker Trust Has $11.70 Million Stake in ASML Holding N.V. $ASML

Spinnaker Trust raised its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 13.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 8,861 shares of the semiconductor company’s stock after acquiring an additional 1,038 shares during the quarter. Spinnaker Trust’s holdings in ASML were worth $11,704,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ASML. Dimensional Fund Advisors LP lifted its holdings in ASML by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company’s stock worth $959,180,000 after purchasing an additional 38,660 shares during the last quarter. Gradient Investments LLC grew its holdings in ASML by 424.3% during the fourth quarter. Gradient Investments LLC now owns 14,388 shares of the semiconductor company’s stock valued at $15,393,000 after purchasing an additional 11,644 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in ASML by 314.0% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 24,626 shares of the semiconductor company’s stock valued at $23,841,000 after purchasing an additional 18,677 shares during the last quarter. Bingham Private Wealth LLC bought a new position in shares of ASML in the fourth quarter valued at approximately $1,444,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of ASML by 3.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock valued at $24,036,000 after purchasing an additional 760 shares during the period. 26.07% of the stock is currently owned by institutional investors.

ASML Stock Up 4.9%

ASML opened at $1,883.11 on Tuesday. The business has a 50 day moving average of $1,637.92 and a 200-day moving average of $1,431.76. The stock has a market capitalization of $740.60 billion, a price-to-earnings ratio of 67.54, a P/E/G ratio of 1.36 and a beta of 1.82. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. ASML Holding N.V. has a 1-year low of $683.48 and a 1-year high of $1,959.04.

ASML (NASDAQ:ASML) last announced its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The business had revenue of $10.15 billion for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. As a group, sell-side analysts anticipate that ASML Holding N.V. will post 36.69 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ASML. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a research note on Monday, June 1st. Weiss Ratings downgraded shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Zacks Research upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Finally, Royal Bank Of Canada upped their price target on shares of ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,772.62.

About ASML

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.