Eventide Asset Management LLC Boosts Stake in ASML Holding N.V. $ASML

Eventide Asset Management LLC grew its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 1.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 66,820 shares of the semiconductor company’s stock after acquiring an additional 736 shares during the period. ASML comprises about 1.1% of Eventide Asset Management LLC’s holdings, making the stock its 20th largest holding. Eventide Asset Management LLC’s holdings in ASML were worth $71,490,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. North Star Investment Management Corp. grew its holdings 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 acquiring an additional 11 shares during the period. Jessup Wealth Management Inc purchased a new position in shares of ASML during the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of ASML during the 4th quarter worth approximately $32,000. Evolution Wealth Management Inc. bought a new stake in shares of ASML in the 4th quarter worth approximately $33,000. Finally, Triumph Capital Management boosted its position in shares of ASML by 93.8% in the 4th quarter. Triumph Capital Management now owns 31 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research report on Monday, June 1st. JPMorgan Chase & Co. boosted their price target on ASML from $1,813.00 to $2,200.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a research report on Thursday. Morgan Stanley reissued an “overweight” rating on shares of ASML in a research report on Wednesday, June 3rd. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research report on Friday, May 8th. Four research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,589.63.

Key Stories Impacting ASML

Here are the key news stories impacting ASML this week:

• Positive Sentiment: Goldman Sachs reaffirmed its buy rating on ASML, reinforcing Wall Street confidence in the company’s long-term earnings and dominance in semiconductor lithography. ASML receives a buy rating from Goldman Sachs
• Positive Sentiment: Elon Musk’s appearance at ASML’s technology conference put the company in the spotlight and highlighted its importance to next-generation chip manufacturing plans, including Musk’s proposed Terafab project tied to Tesla and SpaceX. Ahead of SpaceX IPO, Elon Musk addresses ASML employees as part of push into chip manufacturing
• Positive Sentiment: Investor interest remains strong in ASML’s technology leadership, with commentary noting its widening moat and continued relevance in AI and advanced semiconductor manufacturing. The Competitive Threat That Never Was: ASML’s Widening Moat Boosts Stock 77% YTD
• Neutral Sentiment: ASML also drew attention from articles discussing possible chip-tool challengers such as Canon and xLight, but these reports did not show an immediate threat to ASML’s EUV leadership. Canon: Potential Challenger Of ASML’s EUV Process
• Neutral Sentiment: ASML reached a deal with unions to reduce planned job cuts, and a separate report said the cuts were delayed, which may help labor relations but is not a major near-term growth driver. ASML to slash fewer jobs after striking deal with unions

ASML Trading Down 1.9%

Shares of ASML stock opened at $1,863.55 on Friday. ASML Holding N.V. has a 52-week low of $683.48 and a 52-week high of $1,903.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. The firm has a market capitalization of $732.90 billion, a PE ratio of 66.84, a PEG ratio of 1.49 and a beta of 1.82. The stock has a fifty day simple moving average of $1,539.82 and a two-hundred day simple moving average of $1,369.29.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) 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 during the quarter. On average, analysts predict that ASML Holding N.V. will post 36.86 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.