Carnegie Investment Counsel Lowers Holdings in ASML Holding N.V. $ASML

Carnegie Investment Counsel trimmed its stake in ASML Holding N.V. (NASDAQ:ASML) by 18.5% during the 1st quarter, HoldingsChannel reports. The fund owned 3,999 shares of the semiconductor company’s stock after selling 908 shares during the quarter. Carnegie Investment Counsel’s holdings in ASML were worth $5,282,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ASML. Cornerstone Financial Management LLC purchased a new position in shares of ASML in the 4th quarter worth about $26,000. Portus Wealth Advisors LLC purchased a new stake in ASML during the 1st quarter valued at about $32,000. Resources Management Corp CT ADV increased its stake in ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 23 shares in the last quarter. North Star Investment Management Corp. increased its stake in ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc purchased a new position in ASML in the fourth quarter worth about $30,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

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.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ASML. Freedom Capital upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. DZ Bank restated a “neutral” rating on shares of ASML in a report on Wednesday, April 15th. Susquehanna reaffirmed a “positive” rating on shares of ASML in a research report on Tuesday, June 30th. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research note on Monday, June 1st. Finally, Wall Street Zen lowered ASML from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and a consensus target price of $1,854.12.

ASML Stock Performance

Shares of NASDAQ ASML opened at $1,797.32 on Monday. The firm’s 50-day moving average price is $1,705.68 and its 200-day moving average price is $1,478.68. ASML Holding N.V. has a 52-week low of $683.48 and a 52-week high of $1,999.96. The company has a market cap of $706.86 billion, a PE ratio of 64.47, a PEG ratio of 1.36 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.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share for the quarter. The firm 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, 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.