Sit Investment Associates Inc. Cuts Position in ASML Holding N.V. $ASML

Sit Investment Associates Inc. reduced its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 6.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,490 shares of the semiconductor company’s stock after selling 985 shares during the period. Sit Investment Associates Inc.’s holdings in ASML were worth $14,432,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ASML. Binnacle Investments Inc increased its stake 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. North Star Investment Management Corp. increased its stake in 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 in the last quarter. Jessup Wealth Management Inc purchased a new stake in ASML during the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in ASML during the 4th quarter worth approximately $32,000. Finally, Evolution Wealth Management Inc. purchased a new stake in ASML during the 4th quarter worth approximately $33,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ASML has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on ASML from $1,813.00 to $2,200.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Susquehanna reiterated a “positive” rating on shares of ASML in a research note on Thursday, April 9th. Morgan Stanley reiterated an “overweight” rating on shares of ASML in a research note on Wednesday, June 3rd. Royal Bank Of Canada boosted their price objective on ASML from $1,625.00 to $1,700.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research note on Thursday. Four 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,589.63.

ASML News Roundup

Here are the key news stories impacting ASML this week:

• Positive Sentiment: Elon Musk virtually addressed ASML employees and is expected to discuss his “Terafab” semiconductor manufacturing plans, putting ASML in the spotlight as a key equipment supplier for future chip production and boosting investor sentiment. Musk to speak at chip tool giant ASML event ahead of SpaceX IPO
• Positive Sentiment: Goldman Sachs reaffirmed its “buy” rating on ASML, reinforcing confidence in the company’s long-term fundamentals and helping support the stock. ASML receives a buy rating from Goldman Sachs
• Positive Sentiment: ASML is drawing investor attention as a favored AI/semiconductor name, with a prominent tech investor reportedly betting on the stock alongside Nvidia and other AI-related companies. AI Stocks Underestimate the Technology’s Potential, Says This Tech Investor
• Positive Sentiment: Recent coverage highlights ASML’s record-high valuation and market-cap milestone, reflecting strong momentum in the shares and continued enthusiasm for the company’s EUV leadership. ASML breaks $700B market cap barrier: Here’s the rally drivers and key risks
• Neutral Sentiment: ASML reached an agreement with unions to cut fewer jobs than originally planned, reducing restructuring concerns but not materially changing the near-term growth outlook. ASML to cut fewer jobs after talks with Dutch unions
• Neutral Sentiment: Separately, some commentary raised competitive concerns about potential challengers to ASML’s EUV technology, but this appears more speculative than an immediate threat. Canon: Potential Challenger Of ASML’s EUV Process

ASML Trading Up 9.5%

Shares of ASML stock opened at $1,899.48 on Friday. The stock has a market cap of $747.03 billion, a P/E ratio of 68.13, a P/E/G ratio of 1.38 and a beta of 1.82. The stock’s 50 day simple moving average is $1,529.75 and its 200-day simple moving average is $1,365.81. 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.

ASML (NASDAQ:ASML) last issued its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The business had revenue of $10.15 billion for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. Analysts predict that ASML Holding N.V. will post 36.93 EPS for the current fiscal year.

About ASML

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.