Louisiana State Employees Retirement System Purchases New Shares in ASML Holding N.V. $ASML

Louisiana State Employees Retirement System bought a new stake in ASML Holding N.V. (NASDAQ:ASMLFree Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,800 shares of the semiconductor company’s stock, valued at approximately $7,661,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cornerstone Financial Management LLC purchased a new position in shares of ASML in the 4th quarter worth approximately $26,000. Binnacle Investments Inc increased its position in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 15 shares during the last quarter. Resources Management Corp CT ADV lifted its holdings in ASML by 1,150.0% during the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 23 shares during the period. North Star Investment Management Corp. lifted its holdings in ASML by 68.8% during the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 11 shares during the period. Finally, Jessup Wealth Management Inc purchased a new position in ASML in the fourth quarter worth $30,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML News Summary

Here are the key news stories impacting ASML this week:

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ASML. Zacks Research raised shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Barclays reaffirmed an “overweight” rating on shares of ASML in a research report on Thursday, June 4th. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research note on Monday, June 1st. Wall Street Zen downgraded shares of ASML from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Freedom Capital upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. Four analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,772.62.

Get Our Latest Analysis on ASML

ASML Stock Up 4.4%

Shares of NASDAQ:ASML opened at $1,841.18 on Friday. The firm has a fifty day moving average price of $1,622.22 and a two-hundred day moving average price of $1,421.57. The company has a market cap of $724.10 billion, a price-to-earnings ratio of 66.04, a PEG ratio of 1.34 and a beta of 1.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. ASML Holding N.V. has a one year low of $683.48 and a one year high of $1,959.04.

ASML (NASDAQ:ASMLGet Free Report) last issued its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The company had revenue of $10.15 billion for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. Analysts anticipate that ASML Holding N.V. will post 36.69 EPS for the current fiscal year.

About ASML

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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