MidFirst Bank purchased a new position in shares of ASML Holding N.V. (NASDAQ:ASML – Free Report) in the fourth quarter, HoldingsChannel reports. The fund purchased 630 shares of the semiconductor company’s stock, valued at approximately $674,000.
Other hedge funds also recently made changes to their positions in the company. Cornerstone Financial Management LLC bought a new position in ASML in the fourth quarter valued at $26,000. Binnacle Investments Inc lifted its position in ASML by 78.9% during 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 in the last quarter. Resources Management Corp CT ADV lifted its position in ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after buying an additional 23 shares in the last quarter. North Star Investment Management Corp. boosted its stake in shares of ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after buying an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc acquired a new stake in shares of ASML in the fourth quarter valued at about $30,000. 26.07% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on ASML shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Weiss Ratings downgraded shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Wall Street Zen lowered shares of ASML from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research note on Thursday, June 11th. Finally, Barclays reissued an “overweight” rating on shares of ASML in a research report on Thursday, June 4th. Four research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,589.62.
Key ASML News
Here are the key news stories impacting ASML this week:
- Negative Sentiment: U.S. officials reportedly questioned whether an ASML EUV machine may have made its way to China, raising the risk of tighter export scrutiny and possible regulatory fallout. US tells ASML it’s concerned one of its chipmaking tools may be in China, Bloomberg News reports
- Negative Sentiment: ASML is facing fresh China export scrutiny after reports that the Trump administration is probing whether an advanced chipmaking tool was diverted to China, keeping geopolitical risk front and center for investors. ASML Faces Fresh China Export Scrutiny
- Neutral Sentiment: ASML has denied the allegations, saying its EUV systems are not in China; while that may limit immediate damage, the dispute still leaves uncertainty around U.S.-China export controls. US tells ASML it is concerned China may have top chip tool, Bloomberg News reports
- Neutral Sentiment: Longer-term optimism remains in place, with analysts still pointing to strong earnings growth and demand trends, and Barclays recently raising its price target on ASML. Here’s Why ASML Holding N.V. (ASML) Is Among the Stocks with Best Earnings Growth for the Next 3 Years
ASML Stock Performance
ASML opened at $1,929.68 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. ASML Holding N.V. has a 12-month low of $683.48 and a 12-month high of $1,942.87. The business has a 50 day moving average of $1,594.98 and a 200-day moving average of $1,399.33. The stock has a market cap of $758.90 billion, a price-to-earnings ratio of 69.21, a PEG ratio of 1.55 and a beta of 1.82.
ASML (NASDAQ:ASML – Get Free Report) last posted its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The business had revenue of $10.15 billion for the quarter. On average, equities research analysts expect that ASML Holding N.V. will post 36.76 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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