ASML Holding NV (NASDAQ:ASML) Shares Sold by M&T Bank Corp

M&T Bank Corp reduced its stake in shares of ASML Holding NV (NASDAQ:ASML) by 10.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,245 shares of the semiconductor company’s stock after selling 4,371 shares during the quarter. M&T Bank Corp’s holdings in ASML were worth $14,444,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Cubist Systematic Strategies LLC increased its stake in ASML by 41.6% during the 4th quarter. Cubist Systematic Strategies LLC now owns 841 shares of the semiconductor company’s stock worth $249,000 after buying an additional 247 shares during the period. Norges Bank purchased a new position in shares of ASML in the fourth quarter worth approximately $65,278,000. Private Trust Co. NA increased its position in shares of ASML by 1.7% in the first quarter. Private Trust Co. NA now owns 5,594 shares of the semiconductor company’s stock worth $1,463,000 after acquiring an additional 94 shares in the last quarter. FNY Investment Advisers LLC increased its position in shares of ASML by 180.1% in the first quarter. FNY Investment Advisers LLC now owns 11,390 shares of the semiconductor company’s stock worth $2,980,000 after acquiring an additional 7,323 shares in the last quarter. Finally, Royal Harbor Partners LLC purchased a new position in shares of ASML in the first quarter worth approximately $708,000. Institutional investors own 17.85% of the company’s stock.

Shares of ASML stock opened at $353.72 on Friday. The firm has a fifty day simple moving average of $371.80 and a 200-day simple moving average of $311.66. The company has a current ratio of 2.91, a quick ratio of 1.90 and a debt-to-equity ratio of 0.36. ASML Holding NV has a 1-year low of $191.25 and a 1-year high of $402.86. The stock has a market capitalization of $152.28 billion, a price-to-earnings ratio of 46.30, a PEG ratio of 1.85 and a beta of 1.04.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, July 15th. The semiconductor company reported $1.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.08. ASML had a net margin of 22.70% and a return on equity of 23.21%. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period in the previous year, the company earned $1.13 earnings per share. ASML’s revenue for the quarter was up 36.3% on a year-over-year basis. As a group, research analysts predict that ASML Holding NV will post 8.61 earnings per share for the current year.

Several research firms have recently weighed in on ASML. Morgan Stanley reissued an “overweight” rating on shares of ASML in a research report on Friday, July 10th. Wells Fargo & Co lifted their target price on shares of ASML from $410.00 to $430.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Royal Bank of Canada lifted their target price on shares of ASML from $300.00 to $425.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Zacks Investment Research downgraded shares of ASML from a “strong-buy” rating to a “hold” rating in a research report on Friday. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of ASML in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $383.60.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells Holistic Lithography solutions, which integrate its three categories of products, including DUV lithography, EUV lithography, and Applications.

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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