OLD National Bancorp IN Sells 488 Shares of ASML Holding N.V. $ASML

OLD National Bancorp IN lowered its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 10.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,395 shares of the semiconductor company’s stock after selling 488 shares during the quarter. OLD National Bancorp IN’s holdings in ASML were worth $5,805,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its stake in shares of ASML by 195.8% in the fourth 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. Capital International Investors grew its position in ASML by 17.3% during the 3rd quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock worth $3,791,982,000 after acquiring an additional 577,448 shares during the last quarter. Alliancebernstein L.P. grew its position in ASML by 75.6% during the 3rd quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock worth $765,632,000 after acquiring an additional 340,518 shares during the last quarter. Van ECK Associates Corp increased its holdings in ASML by 16.6% during the 3rd quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock valued at $2,079,948,000 after purchasing an additional 305,435 shares in the last quarter. Finally, BlueSpruce Investments LP increased its holdings in ASML by 18,861.1% during the 3rd quarter. BlueSpruce Investments LP now owns 244,977 shares of the semiconductor company’s stock valued at $237,160,000 after purchasing an additional 243,685 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Zacks Research raised ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Freedom Capital raised ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Bank of America upped their price target on shares of ASML from $2,268.00 to $2,345.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Morgan Stanley reissued an “overweight” rating on shares of ASML in a report on Wednesday, June 3rd. Finally, UBS Group restated a “buy” rating on shares of ASML in a research report on Wednesday, May 20th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and a consensus price target of $1,772.62.

ASML Stock Performance

Shares of ASML stock opened at $1,794.62 on Friday. The firm has a fifty day moving average of $1,628.47 and a two-hundred day moving average of $1,424.18. 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 stock has a market capitalization of $705.80 billion, a price-to-earnings ratio of 64.37, a PEG ratio of 1.40 and a beta of 1.82. ASML Holding N.V. has a 52 week low of $683.48 and a 52 week high of $1,959.04.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The business had revenue of $10.15 billion for the quarter. As a group, equities research analysts predict that ASML Holding N.V. will post 36.69 EPS for the current 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.