Global Assets Advisory LLC Cuts Stake in ASML Holding N.V. $ASML

Global Assets Advisory LLC cut its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 72.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 123 shares of the semiconductor company’s stock after selling 324 shares during the period. Global Assets Advisory LLC’s holdings in ASML were worth $162,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Castleview Partners LLC acquired a new stake in shares of ASML in the 1st quarter worth $293,000. Valmark Advisers Inc. increased its position in ASML by 12.5% during the 1st quarter. Valmark Advisers Inc. now owns 648 shares of the semiconductor company’s stock valued at $856,000 after buying an additional 72 shares in the last quarter. Welch & Forbes LLC increased its position in ASML by 1.5% during the 1st quarter. Welch & Forbes LLC now owns 761 shares of the semiconductor company’s stock valued at $1,005,000 after buying an additional 11 shares in the last quarter. Glass Wealth Management Co LLC raised its stake in ASML by 3.5% in the first quarter. Glass Wealth Management Co LLC now owns 4,345 shares of the semiconductor company’s stock valued at $5,739,000 after buying an additional 146 shares during the last quarter. Finally, Sovran Advisors LLC raised its stake in ASML by 2.3% in the first quarter. Sovran Advisors LLC now owns 2,570 shares of the semiconductor company’s stock valued at $3,698,000 after buying an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ASML shares. Freedom Capital upgraded ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. Wells Fargo & Company increased their price objective on shares of ASML from $1,750.00 to $2,200.00 and gave the company an “overweight” rating in a research report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research note on Friday. Weiss Ratings downgraded shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Finally, UBS Group restated a “buy” rating on shares of ASML in a research note on Wednesday, July 1st. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently 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 Stock Performance

ASML opened at $1,797.32 on Monday. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. ASML Holding N.V. has a 12-month low of $683.48 and a 12-month high of $1,999.96. The firm has a 50 day moving average of $1,705.68 and a two-hundred day moving average of $1,478.68. The firm has a market capitalization of $706.86 billion, a PE ratio of 64.47, a P/E/G ratio of 1.36 and a beta of 1.78.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The business had revenue of $10.15 billion for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. On average, analysts anticipate that ASML Holding N.V. will post 36.62 EPS for the current year.

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.