Procyon Advisors LLC reduced its position in ASML Holding N.V. (NASDAQ:ASML – Free Report) by 14.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,132 shares of the semiconductor company’s stock after selling 509 shares during the quarter. Procyon Advisors LLC’s holdings in ASML were worth $4,137,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Gradient Investments LLC grew its stake in ASML by 424.3% during the 4th quarter. Gradient Investments LLC now owns 14,388 shares of the semiconductor company’s stock worth $15,393,000 after purchasing an additional 11,644 shares in the last quarter. Bingham Private Wealth LLC acquired a new stake in ASML in the 4th quarter valued at about $1,444,000. Cambridge Investment Research Advisors Inc. raised its position in ASML by 3.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock valued at $24,036,000 after purchasing an additional 760 shares in the last quarter. Ervin Investment Management LLC boosted its stake in shares of ASML by 1,236.4% in the 4th quarter. Ervin Investment Management LLC now owns 33,037 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 30,565 shares during the period. Finally, Keybank National Association OH boosted its stake in shares of ASML by 21.3% in the 4th quarter. Keybank National Association OH now owns 65,354 shares of the semiconductor company’s stock valued at $69,920,000 after buying an additional 11,459 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.
ASML Price Performance
ASML stock opened at $1,797.32 on Monday. The company has a market capitalization of $706.86 billion, a P/E ratio of 64.47, a PEG ratio of 1.36 and a beta of 1.78. ASML Holding N.V. has a twelve month low of $683.48 and a twelve month high of $1,999.96. The business has a 50 day simple moving average of $1,705.68 and a 200-day simple moving average of $1,478.68. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the company. Sanford C. Bernstein boosted their price objective on ASML from $1,971.00 to $2,623.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a report on Monday, June 1st. Zacks Research downgraded shares of ASML from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Bank of America boosted their price target on shares of ASML from $2,268.00 to $2,345.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Finally, Freedom Capital raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,854.12.
View Our Latest Analysis on ASML
Key Stories Impacting ASML
Here are the key news stories impacting ASML this week:
- Positive Sentiment: Bernstein raised its price target on ASML and kept an Outperform rating, reinforcing the view that the company remains a long-term winner in advanced chip equipment demand.
- Positive Sentiment: Multiple recent articles argue ASML’s specialized lithography machines make it an essential supplier to AI chip makers, and that pullbacks tied to sector volatility may create buying opportunities. Article Title
- Positive Sentiment: ASML has also been highlighted as a potential beneficiary of renewed strength in semiconductor stocks and AI-related chip demand ahead of earnings. Article Title
- Neutral Sentiment: Short-interest data showed no meaningful increase in actual short positioning, so this does not appear to be a major bearish catalyst.
- Neutral Sentiment: One market note said ASML may beat earnings, but warned that a good report may not be enough to justify the stock’s valuation if guidance or broader chip demand disappoints. Article Title
- Negative Sentiment: Analysts and commentators continue to flag ASML’s lofty valuation, China export curbs, and rising competition as reasons to be cautious heading into results. Article Title
- Negative Sentiment: Recent semiconductor market swings and event-driven selling in Asian chip stocks have added volatility to the group, which can pressure ASML even when its long-term fundamentals remain strong.
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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