M&T Bank Corp Has $13.74 Million Stock Holdings in ASML Holding N.V. $ASML

M&T Bank Corp cut its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 7.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 12,845 shares of the semiconductor company’s stock after selling 1,053 shares during the quarter. M&T Bank Corp’s holdings in ASML were worth $13,743,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Manning & Napier Advisors LLC acquired a new stake in ASML during the 3rd quarter worth approximately $25,000. City Holding Co. acquired a new position in shares of ASML during the 3rd quarter valued at $26,000. Binnacle Investments Inc lifted its position in shares of ASML by 78.9% during the 2nd 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 period. Wealth Watch Advisors INC acquired a new position in shares of ASML during the 3rd quarter valued at $34,000. Finally, JPL Wealth Management LLC acquired a new position in shares of ASML during the 3rd quarter valued at $34,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Price Performance

Shares of NASDAQ:ASML opened at $1,386.21 on Tuesday. The company’s 50-day moving average is $1,399.33 and its 200 day moving average is $1,250.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. The company has a market capitalization of $545.17 billion, a P/E ratio of 49.72, a price-to-earnings-growth ratio of 1.43 and a beta of 1.81. ASML Holding N.V. has a fifty-two week low of $675.50 and a fifty-two week high of $1,547.22.

Analysts Set New Price Targets

A number of brokerages have commented on ASML. Wall Street Zen lowered shares of ASML from a “buy” rating to a “hold” rating in a research note on Sunday. UBS Group restated a “buy” rating on shares of ASML in a research note on Thursday, April 23rd. Barclays restated a “buy” rating on shares of ASML in a research note on Wednesday, April 15th. The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research note on Wednesday, April 15th. Finally, DZ Bank reiterated a “neutral” rating on shares of ASML in a research note on Wednesday, April 15th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and a consensus price target of $1,504.38.

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.