First Manhattan CO. LLC. Reduces Holdings in ASML Holding N.V. $ASML

First Manhattan CO. LLC. reduced its position in ASML Holding N.V. (NASDAQ:ASML) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 792,284 shares of the semiconductor company’s stock after selling 5,306 shares during the period. ASML makes up approximately 2.2% of First Manhattan CO. LLC.’s holdings, making the stock its 8th largest holding. First Manhattan CO. LLC.’s holdings in ASML were worth $847,633,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Cornerstone Financial Management LLC purchased a new stake in ASML in the fourth quarter worth $26,000. Binnacle Investments Inc grew its position in shares of ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 15 shares in the last quarter. Resources Management Corp CT ADV grew its position in shares of ASML by 1,150.0% in the fourth 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. grew its position in shares of ASML by 68.8% in the fourth 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 shares of ASML in the fourth quarter valued at $30,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Price Performance

ASML stock opened at $1,867.83 on Thursday. ASML Holding N.V. has a 52 week low of $683.48 and a 52 week high of $1,938.49. The business has a 50-day simple moving average of $1,572.34 and a 200 day simple moving average of $1,389.44. 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 has a market cap of $734.58 billion, a price-to-earnings ratio of 67.00, a PEG ratio of 1.45 and a beta of 1.82.

ASML (NASDAQ:ASML) last posted its earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%.The business had revenue of $10.15 billion during the quarter. On average, research analysts forecast that ASML Holding N.V. will post 36.76 earnings per share for the current fiscal year.

Key Headlines Impacting ASML

Here are the key news stories impacting ASML this week:

• Positive Sentiment: CEO Christophe Fouquet said AI infrastructure demand remains “enormous,” and that new projects like Elon Musk’s proposed Terafab could create meaningful opportunities for ASML’s EUV systems. ASML CEO Flags Terafab Opportunity as AI Demand Stays Enormous
• Positive Sentiment: In a Bloomberg interview, Fouquet reiterated that AI data-center demand is still exceptionally strong, reinforcing the view that ASML’s advanced lithography tools remain in high demand for next-generation chip production. ASML CEO on AI Demand, Data Centers in Space and Musk’s Terafab
• Positive Sentiment: Investor attention also turned to the idea that ASML may be able to expand EUV output more than previously expected, which could lift medium-term revenue and margins and support bullish analyst targets. ASML jumps as investors refocus on EUV capacity upside and bullish analyst targets
• Positive Sentiment: Media reports that Elon Musk has engaged with ASML about EUV tools for Terafab added to the bullish narrative, since ASML remains the only supplier of these critical machines for advanced AI chipmaking. ASML (NasdaqGS:ASML) Stock Is Back In Focus As Musk Eyes Its EUV Tools

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barclays reiterated an “overweight” rating on shares of ASML in a research report on Thursday, June 4th. Sanford C. Bernstein reiterated a “buy” rating on shares of ASML in a research report on Monday. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research report on Friday, May 8th. Citigroup reiterated a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Finally, Freedom Capital upgraded ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have issued 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,589.63.

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.