Burkett Asset Management Ltd Invests $3.27 Million in ASML Holding N.V. $ASML

Burkett Asset Management Ltd bought a new position in ASML Holding N.V. (NASDAQ:ASML) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,053 shares of the semiconductor company’s stock, valued at approximately $3,266,000. ASML makes up 3.3% of Burkett Asset Management Ltd’s portfolio, making the stock its 10th biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of the business. Binnacle Investments Inc raised its position in ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 15 shares during the last quarter. North Star Investment Management Corp. raised its position in ASML by 68.8% in the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 11 shares during the last quarter. Jessup Wealth Management Inc bought a new position in ASML in the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new position in ASML in the 4th quarter worth approximately $32,000. Finally, Evolution Wealth Management Inc. bought a new position in ASML in the 4th quarter worth approximately $33,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about ASML

Here are the key news stories impacting ASML this week:

• Positive Sentiment: Elon Musk virtually addressed ASML employees and is expected to discuss his “Terafab” semiconductor manufacturing plans, putting ASML in the spotlight as a key equipment supplier for future chip production and boosting investor sentiment. Musk to speak at chip tool giant ASML event ahead of SpaceX IPO
• Positive Sentiment: Goldman Sachs reaffirmed its “buy” rating on ASML, reinforcing confidence in the company’s long-term fundamentals and helping support the stock. ASML receives a buy rating from Goldman Sachs
• Positive Sentiment: ASML is drawing investor attention as a favored AI/semiconductor name, with a prominent tech investor reportedly betting on the stock alongside Nvidia and other AI-related companies. AI Stocks Underestimate the Technology’s Potential, Says This Tech Investor
• Positive Sentiment: Recent coverage highlights ASML’s record-high valuation and market-cap milestone, reflecting strong momentum in the shares and continued enthusiasm for the company’s EUV leadership. ASML breaks $700B market cap barrier: Here’s the rally drivers and key risks
• Neutral Sentiment: ASML reached an agreement with unions to cut fewer jobs than originally planned, reducing restructuring concerns but not materially changing the near-term growth outlook. ASML to cut fewer jobs after talks with Dutch unions
• Neutral Sentiment: Separately, some commentary raised competitive concerns about potential challengers to ASML’s EUV technology, but this appears more speculative than an immediate threat. Canon: Potential Challenger Of ASML’s EUV Process

Analysts Set New Price Targets

Several research analysts recently weighed in on ASML shares. Zacks Research upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Morgan Stanley restated an “overweight” rating on shares of ASML in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Morningstar cut shares of ASML to a “sell” rating in a research report on Wednesday, May 27th. Finally, Jefferies Financial Group restated a “neutral” rating on shares of ASML in a research report on Monday, June 1st. Four analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,589.63.

ASML Stock Performance

Shares of ASML stock opened at $1,899.48 on Friday. The firm has a fifty day moving average of $1,529.75 and a two-hundred day moving average of $1,365.81. The stock has a market capitalization of $747.03 billion, a price-to-earnings ratio of 68.13, a PEG ratio of 1.38 and a beta of 1.82. 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.

ASML (NASDAQ:ASML) last issued its earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The company had revenue of $10.15 billion during the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. As a group, equities research analysts predict that ASML Holding N.V. will post 36.93 EPS for the current 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.