Truist Financial Corp Grows Position in ASML Holding N.V. (NASDAQ:ASML)

Truist Financial Corp increased its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 29.6% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 59,901 shares of the semiconductor company's stock after buying an additional 13,690 shares during the quarter. Truist Financial Corp's holdings in ASML were worth $39,692,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Putney Financial Group LLC boosted its holdings in shares of ASML by 322.2% during the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 29 shares during the last quarter. Wellington Shields & Co. LLC boosted its holdings in ASML by 740.0% in the fourth quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 37 shares during the last quarter. Pinnacle Bancorp Inc. bought a new stake in ASML in the 1st quarter worth approximately $42,000. Alpine Bank Wealth Management purchased a new stake in ASML during the 1st quarter valued at $43,000. Finally, Investment Management Corp VA ADV bought a new position in shares of ASML during the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 26.07% of the company's stock.

ASML Trading Down 0.7%

ASML stock opened at $794.20 on Monday. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,110.09. The firm has a market capitalization of $312.45 billion, a price-to-earnings ratio of 33.47, a P/E/G ratio of 1.66 and a beta of 1.73. The firm has a 50 day moving average of $749.55 and a 200 day moving average of $722.83. The company has a current ratio of 1.52, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.12 by $0.19. The firm had revenue of $8.77 billion during the quarter, compared to analysts' expectations of $7.90 billion. ASML had a net margin of 28.32% and a return on equity of 51.82%. As a group, research analysts predict that ASML Holding N.V. will post 25.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Sanford C. Bernstein began coverage on ASML in a report on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 price objective for the company. Citigroup restated a "buy" rating on shares of ASML in a research note on Monday, May 19th. Susquehanna lowered 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 note on Thursday, April 17th. Wells Fargo & Company cut their target price on shares of ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Barclays reaffirmed an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Five research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $913.80.

ASML Company Profile

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.

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