Atlantic Union Bankshares Corp Has $11.26 Million Stock Holdings in ASML Holding N.V. $ASML

Atlantic Union Bankshares Corp trimmed its holdings in ASML Holding N.V. (NASDAQ:ASML) by 3.8% during the fourth quarter, Holdings Channel reports. The firm owned 10,523 shares of the semiconductor company’s stock after selling 410 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in ASML were worth $11,258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Telos Capital Management Inc. lifted its stake in shares of ASML by 4.5% in the 3rd quarter. Telos Capital Management Inc. now owns 10,850 shares of the semiconductor company’s stock valued at $10,504,000 after purchasing an additional 463 shares during the period. Regents of The University of California acquired a new position in shares of ASML in the 3rd quarter valued at about $413,335,000. Dimensional Fund Advisors LP lifted its stake in shares of ASML by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company’s stock valued at $959,180,000 after purchasing an additional 38,660 shares during the period. Transcendent Capital Group LLC acquired a new position in shares of ASML in the 3rd quarter valued at about $680,000. Finally, Principal Financial Group Inc. lifted its stake in shares of ASML by 34.5% in the 3rd quarter. Principal Financial Group Inc. now owns 15,583 shares of the semiconductor company’s stock valued at $15,086,000 after purchasing an additional 4,001 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ASML. Wall Street Zen downgraded ASML from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. TD Cowen reiterated a “buy” rating on shares of ASML in a report on Wednesday, January 28th. KGI Securities set a $1,415.00 price target on ASML and gave the stock an “outperform” rating in a report on Thursday, January 15th. Susquehanna reiterated a “positive” rating on shares of ASML in a report on Thursday, April 9th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a report on Wednesday, April 15th. Three equities 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 issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,504.38.

ASML Stock Down 2.9%

Shares of NASDAQ:ASML opened at $1,520.94 on Wednesday. The business’s 50 day simple moving average is $1,405.10 and its two-hundred day simple moving average is $1,271.69. The firm has a market cap of $598.16 billion, a P/E ratio of 54.55, a PEG ratio of 1.28 and a beta of 1.81. 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 52-week low of $683.48 and a 52-week high of $1,595.31.

ASML (NASDAQ:ASML) last announced its quarterly 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 return on equity of 48.69% and a net margin of 27.65%. As a group, research analysts forecast that ASML Holding N.V. will post 37.08 EPS for the current fiscal year.

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.