ASML (NASDAQ:ASML – Get Free Report) posted its quarterly earnings data on Tuesday. The semiconductor company reported $5.80 EPS for the quarter, beating the consensus estimate of $5.24 by $0.56, reports. The firm had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. ASML updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.
ASML Price Performance
Shares of ASML opened at $683.52 on Thursday. The firm has a fifty day simple moving average of $840.70 and a two-hundred day simple moving average of $919.87. The firm has a market cap of $269.71 billion, a PE ratio of 34.91, a P/E/G ratio of 2.08 and a beta of 1.48. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. ASML has a 1-year low of $573.86 and a 1-year high of $1,110.09.
Hedge Funds Weigh In On ASML
Institutional investors and hedge funds have recently modified their holdings of the company. Integrated Advisors Network LLC lifted its holdings in ASML by 16.7% in the fourth quarter. Integrated Advisors Network LLC now owns 753 shares of the semiconductor company’s stock valued at $570,000 after acquiring an additional 108 shares during the period. American International Group Inc. increased its position in shares of ASML by 3.2% during the 4th quarter. American International Group Inc. now owns 6,100 shares of the semiconductor company’s stock valued at $4,617,000 after purchasing an additional 192 shares during the last quarter. Wellington Management Group LLP increased its position in shares of ASML by 35.6% during the 4th quarter. Wellington Management Group LLP now owns 776,768 shares of the semiconductor company’s stock valued at $587,951,000 after purchasing an additional 203,860 shares during the last quarter. ICA Group Wealth Management LLC bought a new position in shares of ASML in the 4th quarter worth approximately $218,000. Finally, MONECO Advisors LLC purchased a new position in shares of ASML in the fourth quarter worth approximately $244,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
View Our Latest Report on ASML
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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