Sterling Capital Management LLC Grows Stock Position in ASML Holding N.V. $ASML

Sterling Capital Management LLC boosted its holdings in ASML Holding N.V. (NASDAQ:ASML) by 41.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,856 shares of the semiconductor company’s stock after acquiring an additional 834 shares during the period. Sterling Capital Management LLC’s holdings in ASML were worth $3,772,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in shares of ASML by 4.1% in the third quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company’s stock worth $959,180,000 after acquiring an additional 38,660 shares during the last quarter. Gradient Investments LLC boosted its stake in shares of 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 acquiring an additional 11,644 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its position in ASML by 314.0% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 24,626 shares of the semiconductor company’s stock worth $23,841,000 after purchasing an additional 18,677 shares in the last quarter. Bingham Private Wealth LLC purchased a new stake in ASML during the 4th quarter worth about $1,444,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in ASML by 3.5% in the 4th 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 last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Down 2.5%

Shares of NASDAQ:ASML opened at $1,794.62 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. The firm has a market cap of $705.79 billion, a price-to-earnings ratio of 64.37, a PEG ratio of 1.36 and a beta of 1.82. The stock’s 50-day moving average price is $1,628.47 and its two-hundred day moving average price is $1,424.18. ASML Holding N.V. has a 12-month low of $683.48 and a 12-month high of $1,959.04.

ASML (NASDAQ:ASML) last posted its quarterly earnings data 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, research analysts forecast that ASML Holding N.V. will post 36.69 EPS for the current year.

Analyst Upgrades and Downgrades

ASML has been the topic of a number of recent research reports. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a report on Monday, June 1st. UBS Group reiterated a “buy” rating on shares of ASML in a report on Wednesday, May 20th. JPMorgan Chase & Co. boosted their price objective on shares of ASML from $1,813.00 to $2,200.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Royal Bank Of Canada upped their price objective on shares of ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Four research 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. Based on data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and an average 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.