Bleakley Financial Group LLC Invests $13.27 Million in ASML Holding N.V. $ASML

Bleakley Financial Group LLC acquired a new stake in ASML Holding N.V. (NASDAQ:ASML) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,047 shares of the semiconductor company’s stock, valued at approximately $13,270,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its holdings in ASML by 195.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock valued at $1,652,618,000 after acquiring an additional 1,022,532 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of ASML by 14.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,526,411 shares of the semiconductor company’s stock worth $1,633,046,000 after purchasing an additional 193,068 shares during the last quarter. Invesco Ltd. grew its position in shares of ASML by 21.3% in the third quarter. Invesco Ltd. now owns 849,602 shares of the semiconductor company’s stock valued at $822,492,000 after purchasing an additional 148,948 shares during the period. Bank of America Corp DE grew its position in shares of ASML by 8.3% in the third quarter. Bank of America Corp DE now owns 1,865,254 shares of the semiconductor company’s stock valued at $1,805,733,000 after purchasing an additional 142,763 shares during the period. Finally, Sands Capital Management LLC increased its stake in ASML by 26.6% in the fourth quarter. Sands Capital Management LLC now owns 669,985 shares of the semiconductor company’s stock valued at $716,790,000 after purchasing an additional 140,821 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Sanford C. Bernstein increased their target price on ASML from $1,971.00 to $2,623.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research note on Friday, May 8th. Royal Bank Of Canada increased their price objective on shares of ASML from $1,625.00 to $1,700.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Morgan Stanley reissued an “overweight” rating on shares of ASML in a research report on Tuesday, July 7th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research report on Thursday, June 11th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and an average price target of $1,854.12.

ASML Trading Down 4.0%

NASDAQ ASML opened at $1,726.04 on Tuesday. The firm has a market capitalization of $678.82 billion, a price-to-earnings ratio of 61.91, a PEG ratio of 1.36 and a beta of 1.78. 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 one year low of $683.48 and a one year high of $1,999.96. The company’s 50 day moving average price is $1,711.42 and its 200 day moving average price is $1,483.36.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (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, sell-side analysts predict that ASML Holding N.V. will post 36.62 EPS for the current year.

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.