Procyon Advisors LLC Cuts Stock Holdings in ASML Holding N.V. $ASML

Procyon Advisors LLC reduced its position in ASML Holding N.V. (NASDAQ:ASML) by 14.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,132 shares of the semiconductor company’s stock after selling 509 shares during the period. Procyon Advisors LLC’s holdings in ASML were worth $4,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in shares of ASML by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company’s stock worth $4,798,268,000 after acquiring an additional 132,353 shares during the period. Bank of America Corp DE grew its position in shares of ASML by 8.3% during the 3rd quarter. Bank of America Corp DE now owns 1,865,254 shares of the semiconductor company’s stock valued at $1,805,733,000 after acquiring an additional 142,763 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of ASML by 195.8% during the 4th 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 period. Price T Rowe Associates Inc. MD increased its stake in shares of ASML by 14.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,526,411 shares of the semiconductor company’s stock valued at $1,633,046,000 after purchasing an additional 193,068 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of ASML by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,014,815 shares of the semiconductor company’s stock valued at $1,085,717,000 after purchasing an additional 23,999 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Price Performance

ASML stock 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. The company has a 50-day moving average price of $1,705.68 and a 200 day moving average price of $1,478.68. ASML Holding N.V. has a 12-month low of $683.48 and a 12-month high of $1,999.96. The stock has a market cap of $706.86 billion, a P/E ratio of 64.47, a PEG ratio of 1.36 and a beta of 1.78.

ASML (NASDAQ:ASML) last posted its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The company 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%. Sell-side analysts anticipate that ASML Holding N.V. will post 36.62 earnings per share for the current year.

More ASML News

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.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ASML shares. UBS Group reaffirmed a “buy” rating on shares of ASML in a report on Wednesday, July 1st. Wall Street Zen cut ASML from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Royal Bank Of Canada upped their target price on ASML from $1,625.00 to $1,700.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Zacks Research lowered ASML from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research report on Thursday, June 11th. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,854.12.

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.