ASML Holding N.V. (ADR) (ASML) Posts Strong Q2 Results, Guides Higher

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Hedge fund activity in ASML Holding N.V. (ADR) (NASDAQ:ASML)

When looking at the hedgies followed by Insider Monkey, Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke, and John Campbell, holds the most valuable position in ASML Holding N.V. (ADR) (NASDAQ:ASML). Arrowstreet Capital had around 2.2 million shares valued at $222.4 million at the end of March, comprising 1.4% of its 13F portfolio. Sitting in the second spot is Fisher Asset Management, led by Ken Fisher, holding around 642,019 shares valued at $64.9 million; 0.1% of its 13F portfolio is allocated to the company. Other hedge funds with similar optimism include Malcolm Fairbairn’s Ascend Capital, Noam Gottesman‘s GLG Partners, and Ken Griffin‘s Citadel Investment Group.

There were few hedge fund managers who said good bye to the stock during the same period, which includes John Smith Clark’s Southpoint Capital Advisors, which sold all of its 300,000 shares during the quarter, and Benjamin A. Smith of Laurion Capital Management was right behind this move, as the fund manager sold all of his 100,000 shares.

Hedge funds opted to pour more money into the stock during the first three months and they were right to do so as ASML Holding N.V. (ADR) (NASDAQ:ASML) posted strong financial results for second quarter, in addition to strong guidance for the third quarter. The stock has also made a big jump in trading today. Considering the positive outlook from the company for its third quarter and hedge funds’ bullish behavior, we recommend buying this stock at the moment.

Disclosure: None

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