Independence Bank of Kentucky Has $6.11 Million Stock Holdings in ASML Holding N.V. $ASML

Independence Bank of Kentucky lowered its position in ASML Holding N.V. (NASDAQ:ASML) by 9.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,629 shares of the semiconductor company’s stock after selling 490 shares during the period. ASML accounts for about 0.8% of Independence Bank of Kentucky’s holdings, making the stock its 25th biggest position. Independence Bank of Kentucky’s holdings in ASML were worth $6,114,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Costello Asset Management INC raised its position in ASML by 100.0% in the 1st quarter. Costello Asset Management INC now owns 92 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 46 shares during the last quarter. Stiles Financial Services Inc grew its position in ASML by 1.4% during the first quarter. Stiles Financial Services Inc now owns 6,217 shares of the semiconductor company’s stock valued at $8,211,000 after buying an additional 88 shares during the period. Equitable Trust Co. increased its holdings in ASML by 2.0% during the first quarter. Equitable Trust Co. now owns 15,386 shares of the semiconductor company’s stock worth $20,322,000 after buying an additional 296 shares during the last quarter. Whipplewood Advisors LLC raised its position in ASML by 453.8% in the first quarter. Whipplewood Advisors LLC now owns 144 shares of the semiconductor company’s stock worth $190,000 after acquiring an additional 118 shares during the period. Finally, Winch Advisory Services LLC boosted its stake in ASML by 4.1% in the first quarter. Winch Advisory Services LLC now owns 1,108 shares of the semiconductor company’s stock valued at $1,463,000 after acquiring an additional 44 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on ASML shares. Citigroup reiterated a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Bank of America upped their price target on ASML from $2,268.00 to $2,345.00 and gave the company a “buy” 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. Morningstar lowered ASML to a “sell” rating in a report on Wednesday, May 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of ASML in a report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,854.12.

ASML News Summary

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 Price Performance

Shares of NASDAQ ASML opened at $1,797.32 on Friday. The firm has a market capitalization of $706.85 billion, a P/E ratio of 64.47, a P/E/G ratio of 1.37 and a beta of 1.78. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The stock’s 50-day simple moving average is $1,705.68 and its two-hundred day simple moving average is $1,475.73. ASML Holding N.V. has a twelve month low of $683.48 and a twelve month high of $1,999.96.

ASML (NASDAQ:ASML) last announced its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) 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. As a group, equities analysts anticipate that ASML Holding N.V. will post 36.62 EPS for the current fiscal year.

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.