TritonPoint Partners LLC bought a new position in ASML Holding N.V. (NASDAQ:ASML – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 456 shares of the semiconductor company’s stock, valued at approximately $488,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cornerstone Financial Management LLC bought a new position in shares of ASML in the fourth quarter worth about $26,000. Resources Management Corp CT ADV lifted its holdings in shares of ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 23 shares during the last quarter. North Star Investment Management Corp. lifted its holdings in shares of ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 11 shares during the last quarter. Jessup Wealth Management Inc bought a new position in shares of ASML in the fourth quarter worth about $30,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of ASML in the fourth quarter worth about $32,000. Institutional investors own 26.07% of the company’s stock.
Analyst Ratings Changes
ASML has been the subject of a number of research reports. Weiss Ratings cut shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Barclays reissued an “overweight” rating on shares of ASML in a report on Thursday, June 4th. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research note on Friday, May 8th. Morningstar downgraded ASML to a “sell” rating in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research note on Monday, June 1st. Four analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,589.63.
ASML News Summary
Here are the key news stories impacting ASML this week:
- Positive Sentiment: Goldman Sachs reaffirmed its buy rating on ASML, reinforcing Wall Street confidence in the company’s long-term earnings and dominance in semiconductor lithography. ASML receives a buy rating from Goldman Sachs
- Positive Sentiment: Elon Musk’s appearance at ASML’s technology conference put the company in the spotlight and highlighted its importance to next-generation chip manufacturing plans, including Musk’s proposed Terafab project tied to Tesla and SpaceX. Ahead of SpaceX IPO, Elon Musk addresses ASML employees as part of push into chip manufacturing
- Positive Sentiment: Investor interest remains strong in ASML’s technology leadership, with commentary noting its widening moat and continued relevance in AI and advanced semiconductor manufacturing. The Competitive Threat That Never Was: ASML’s Widening Moat Boosts Stock 77% YTD
- Neutral Sentiment: ASML also drew attention from articles discussing possible chip-tool challengers such as Canon and xLight, but these reports did not show an immediate threat to ASML’s EUV leadership. Canon: Potential Challenger Of ASML’s EUV Process
- Neutral Sentiment: ASML reached a deal with unions to reduce planned job cuts, and a separate report said the cuts were delayed, which may help labor relations but is not a major near-term growth driver. ASML to slash fewer jobs after striking deal with unions
ASML Stock Performance
ASML stock opened at $1,863.55 on Monday. The business has a 50 day moving average of $1,539.82 and a 200-day moving average of $1,371.98. ASML Holding N.V. has a 1 year low of $683.48 and a 1 year high of $1,903.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The company has a market capitalization of $732.90 billion, a P/E ratio of 66.84, a P/E/G ratio of 1.49 and a beta of 1.82.
ASML (NASDAQ:ASML – Get Free Report) last released its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The company had revenue of $10.15 billion during the quarter. On average, equities research analysts predict that ASML Holding N.V. will post 36.86 earnings per share for the current year.
ASML Company 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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