PNC Financial Services Group Inc. decreased its holdings in ASML Holding N.V. (NASDAQ:ASML – Free Report) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,910 shares of the semiconductor company’s stock after selling 8,584 shares during the period. PNC Financial Services Group Inc.’s holdings in ASML were worth $50,187,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of ASML. North Star Investment Management Corp. boosted its position in shares of ASML by 68.8% during the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 11 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in ASML in the 4th quarter worth about $32,000. Binnacle Investments Inc raised its position in ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after buying an additional 15 shares during the last quarter. JPL Wealth Management LLC bought a new position in ASML during the 3rd quarter valued at about $34,000. Finally, Wealth Watch Advisors INC bought a new position in ASML during the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.
More ASML News
Here are the key news stories impacting ASML this week:
- Positive Sentiment: Reuters reported ASML’s CEO expects chip supply to remain tight as AI, satellite, and robotics demand outpaces industry capacity, reinforcing a favorable long-term demand outlook for ASML’s lithography tools. Article Title
- Positive Sentiment: UBS named ASML its top semiconductor pick in Europe, raising its price target and lifting earnings estimates, which supports the stock’s recent strength. Article Title
- Positive Sentiment: Another UBS note said ASML offers an attractive risk/reward setup in European semiconductors, while Goldman Sachs also reiterated a Buy rating and raised its price target, adding to bullish analyst momentum. Article Title
- Positive Sentiment: Technical coverage highlighted ASML breaking above key resistance and flashing a golden cross-style signal, which traders may view as confirmation of a short-term uptrend. Article Title
- Neutral Sentiment: ASML was also described as a key AI “pick-and-shovel” stock and a top holding for billionaire investor Ken Fisher, reinforcing its strategic importance in the AI buildout. Article Title
- Neutral Sentiment: The company’s partnership with Tata Electronics to supply lithography technology for India’s first commercial chip fab expands ASML’s long-term growth footprint, though the near-term financial impact is still uncertain. Article Title
ASML Price Performance
ASML (NASDAQ:ASML – Get Free Report) last posted its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The company had revenue of $10.15 billion for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. Equities research analysts anticipate that ASML Holding N.V. will post 37.1 earnings per share for the current year.
Analyst Upgrades and Downgrades
ASML has been the subject of a number of research analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research note on Wednesday, May 13th. Royal Bank Of Canada increased their price objective on shares of ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. TD Cowen restated a “buy” rating on shares of ASML in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Finally, Citigroup reissued a “buy” rating on shares of ASML in a report on Thursday, April 16th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and an average price target of $1,504.38.
View Our Latest Research Report on ASML
ASML Profile
ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.
ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.
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