Petix & Botte Co Takes Position in ASML Holding N.V. $ASML

Petix & Botte Co purchased a new position in shares of ASML Holding N.V. (NASDAQ:ASML) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 350 shares of the semiconductor company’s stock, valued at approximately $462,000.

Other hedge funds have also made changes to their positions in the company. Gradient Investments LLC boosted its position in shares of ASML by 424.3% during the fourth quarter. Gradient Investments LLC now owns 14,388 shares of the semiconductor company’s stock worth $15,393,000 after buying an additional 11,644 shares during the period. Bingham Private Wealth LLC acquired a new stake in ASML in the 4th quarter valued at approximately $1,444,000. Cambridge Investment Research Advisors Inc. raised its stake in ASML by 3.5% during 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 acquiring an additional 760 shares in the last quarter. Ervin Investment Management LLC boosted its position in ASML by 1,236.4% during the 4th quarter. Ervin Investment Management LLC now owns 33,037 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 30,565 shares during the period. Finally, Keybank National Association OH boosted its position in ASML by 21.3% during the 4th quarter. Keybank National Association OH now owns 65,354 shares of the semiconductor company’s stock worth $69,920,000 after acquiring an additional 11,459 shares during the period. Institutional investors own 26.07% of the company’s stock.

ASML Price Performance

NASDAQ:ASML traded down $6.93 during mid-day trading on Friday, reaching $1,797.32. 1,216,618 shares of the stock were exchanged, compared to its average volume of 1,960,671. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average price of $1,705.68 and a 200 day moving average price of $1,475.73. ASML Holding N.V. has a 1-year low of $683.48 and a 1-year high of $1,999.96. The firm has a market capitalization of $706.85 billion, a PE ratio of 64.47, a PEG ratio of 1.37 and a beta of 1.78.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. The company had revenue of $10.15 billion during the quarter. Research analysts expect that ASML Holding N.V. will post 36.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ASML shares. Freedom Capital raised ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Morgan Stanley reiterated an “overweight” rating on shares of ASML in a research report on Tuesday. Wall Street Zen cut shares of ASML from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Morningstar downgraded shares of ASML to a “sell” rating in a research report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of ASML from $1,813.00 to $2,200.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,854.12.

ASML News Roundup

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 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.