Capital Research Global Investors Lowers Position in ASML Holding N.V. $ASML

Capital Research Global Investors cut its holdings in ASML Holding N.V. (NASDAQ:ASML) by 27.4% in the fourth quarter, Holdings Channel reports. The fund owned 3,857 shares of the semiconductor company’s stock after selling 1,457 shares during the quarter. Capital Research Global Investors’ holdings in ASML were worth $4,135,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ASML. Binnacle Investments Inc boosted its holdings in shares of ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 15 shares in the last quarter. North Star Investment Management Corp. grew its position in shares of ASML by 68.8% in 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. Kohmann Bosshard Financial Services LLC purchased a new position in shares of ASML in the 4th quarter worth approximately $32,000. Evolution Wealth Management Inc. purchased a new position in shares of ASML in the 4th quarter worth approximately $33,000. Finally, JPL Wealth Management LLC purchased a new position in shares of ASML in the 3rd quarter worth approximately $34,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ASML. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research report on Monday, June 1st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research report on Wednesday, May 13th. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research report on Friday, May 8th. JPMorgan Chase & Co. lifted their price objective on shares of ASML from $1,813.00 to $2,200.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Weiss Ratings downgraded shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,589.63.

ASML Stock Performance

Shares of ASML stock opened at $1,777.77 on Wednesday. The firm has a market capitalization of $699.16 billion, a P/E ratio of 63.77, a PEG ratio of 1.40 and a beta of 1.82. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average price of $1,508.57 and a 200 day moving average price of $1,353.94. ASML Holding N.V. has a 52 week low of $683.48 and a 52 week high of $1,831.11.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The firm had revenue of $10.15 billion during the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. Sell-side analysts expect that ASML Holding N.V. will post 36.93 EPS for the current year.

More ASML News

Here are the key news stories impacting ASML this week:

• Positive Sentiment: Bank of America raised its price target on ASML and kept a Buy rating, signaling continued confidence in the company’s outlook after its technology conference. BofA Remains Bullish on ASML Holding (ASML) – Here’s Why
• Positive Sentiment: Articles highlighting ASML as a top AI and long-term growth stock are reinforcing investor confidence that demand for its chipmaking tools remains strong. ASML Holding N.V. (ASML) Is A Top AI Stock In Billionaire Ken Fisher’s Portfolio
• Positive Sentiment: Coverage of Elon Musk’s Terafab plans and comments praising ASML as “the greatest company in Europe” have increased attention on ASML’s strategic importance to future chip manufacturing expansion. Why Elon Musk says ASML is the greatest company in Europe
• Neutral Sentiment: ASML becoming the first European public company valued above $700 billion underscores its massive market leadership, though this is more a milestone than a direct earnings catalyst. ASML becomes first European public company valued over $700B
• Neutral Sentiment: Broader semiconductor-sales optimism and bullish stock-screening pieces are keeping ASML in favor, but they mainly reflect sector momentum rather than a company-specific development. 5 Stocks to Boost Your Portfolio on Soaring Semiconductor Sales
• Negative Sentiment: Some market commentary warns that the semiconductor trade may be due for a correction after a strong run, which could create near-term volatility for ASML. Semiconductor Index Outlook: Upside Target Reached, Correction Underway
• Negative Sentiment: Reports that Chinese firms are developing alternative chip technologies without ASML equipment may raise long-term competitive concerns for the company’s monopoly-like position in advanced lithography. Chinese start-up claims nanoimprint tech can mass-produce optical chips without ASML gear

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.