M&T Bank Corp Has $11.37 Million Stock Holdings in ASML Holding N.V. (NASDAQ:ASML)

M&T Bank Corp grew its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 2.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,166 shares of the semiconductor company's stock after buying an additional 417 shares during the period. M&T Bank Corp's holdings in ASML were worth $11,374,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Putney Financial Group LLC lifted its stake in ASML by 322.2% in the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 29 shares during the last quarter. Wellington Shields & Co. LLC increased its stake in ASML by 740.0% in the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock valued at $29,000 after buying an additional 37 shares during the period. Wayfinding Financial LLC acquired a new position in ASML in the 1st quarter valued at $35,000. Pinnacle Bancorp Inc. acquired a new position in shares of ASML during the 1st quarter worth $42,000. Finally, Olde Wealth Management LLC acquired a new position in shares of ASML during the 1st quarter worth $42,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ASML shares. Susquehanna decreased their price objective on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company lifted their price objective on shares of ASML from $840.00 to $890.00 and gave the stock an "overweight" rating in a report on Tuesday. Citigroup restated a "buy" rating on shares of ASML in a research note on Monday, May 19th. Sanford C. Bernstein began coverage on shares of ASML in a research report on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 price target on the stock. Finally, Jefferies Financial Group downgraded ASML from a "buy" rating to a "hold" rating in a report on Thursday, June 26th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $923.80.

ASML Stock Performance

Shares of ASML stock traded down $0.16 during trading hours on Friday, reaching $801.93. 932,245 shares of the company's stock were exchanged, compared to its average volume of 1,714,351. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,100.62. The stock has a market capitalization of $315.50 billion, a P/E ratio of 33.79, a P/E/G ratio of 1.68 and a beta of 1.73. The business has a fifty day moving average price of $761.93 and a 200-day moving average price of $725.53. The company has a quick ratio of 0.91, a current ratio of 1.52 and a debt-to-equity ratio of 0.21.

ASML (NASDAQ:ASML - Get Free Report) last issued its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, beating analysts' consensus estimates of $6.12 by $0.19. The business had revenue of $8.77 billion during the quarter, compared to analyst estimates of $7.90 billion. ASML had a return on equity of 51.82% and a net margin of 28.32%. Analysts predict that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.