Cinctive Capital Management LP Buys 3,156 Shares of ASML Holding N.V. $ASML

Cinctive Capital Management LP grew its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 64.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,048 shares of the semiconductor company’s stock after purchasing an additional 3,156 shares during the period. Cinctive Capital Management LP’s holdings in ASML were worth $8,610,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its position in shares of ASML by 195.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock valued at $1,652,618,000 after acquiring an additional 1,022,532 shares during the last quarter. Capital International Investors boosted its position in ASML by 17.3% in the third quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company’s stock worth $3,791,982,000 after purchasing an additional 577,448 shares during the last quarter. Alliancebernstein L.P. grew its stake in ASML by 75.6% in the 3rd quarter. Alliancebernstein L.P. now owns 790,869 shares of the semiconductor company’s stock valued at $765,632,000 after purchasing an additional 340,518 shares during the period. Van ECK Associates Corp increased its position in shares of ASML by 16.6% during the 3rd quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company’s stock valued at $2,079,948,000 after purchasing an additional 305,435 shares during the last quarter. Finally, BlueSpruce Investments LP increased its position in shares of ASML by 18,861.1% during the 3rd quarter. BlueSpruce Investments LP now owns 244,977 shares of the semiconductor company’s stock valued at $237,160,000 after purchasing an additional 243,685 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

ASML Trading Up 3.5%

NASDAQ:ASML opened at $1,867.83 on Thursday. The company has a market cap of $734.58 billion, a P/E ratio of 67.00, a P/E/G ratio of 1.45 and a beta of 1.82. The stock’s fifty day moving average price is $1,572.34 and its two-hundred day moving average price is $1,389.44. ASML Holding N.V. has a 1 year low of $683.48 and a 1 year high of $1,938.49. 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 posted its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The firm 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%. As a group, analysts expect that ASML Holding N.V. will post 36.76 EPS for the current year.

Analyst Ratings Changes

ASML has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of ASML from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $1,750.00 price objective on shares of ASML in a research report on Thursday, April 16th. Morningstar cut shares of ASML to a “sell” rating in a research note on Wednesday, May 27th. Susquehanna reissued a “positive” rating on shares of ASML in a research report on Thursday, April 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of ASML from $1,813.00 to $2,200.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Four research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and an average price target of $1,589.63.

Key Stories Impacting ASML

Here are the key news stories impacting ASML this week:

• Positive Sentiment: CEO Christophe Fouquet said AI infrastructure demand remains “enormous,” and that new projects like Elon Musk’s proposed Terafab could create meaningful opportunities for ASML’s EUV systems. ASML CEO Flags Terafab Opportunity as AI Demand Stays Enormous
• Positive Sentiment: In a Bloomberg interview, Fouquet reiterated that AI data-center demand is still exceptionally strong, reinforcing the view that ASML’s advanced lithography tools remain in high demand for next-generation chip production. ASML CEO on AI Demand, Data Centers in Space and Musk’s Terafab
• Positive Sentiment: Investor attention also turned to the idea that ASML may be able to expand EUV output more than previously expected, which could lift medium-term revenue and margins and support bullish analyst targets. ASML jumps as investors refocus on EUV capacity upside and bullish analyst targets
• Positive Sentiment: Media reports that Elon Musk has engaged with ASML about EUV tools for Terafab added to the bullish narrative, since ASML remains the only supplier of these critical machines for advanced AI chipmaking. ASML (NasdaqGS:ASML) Stock Is Back In Focus As Musk Eyes Its EUV Tools

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.