Storgate LLC Invests $483,000 in ASML Holding N.V. $ASML

Storgate LLC acquired a new position in ASML Holding N.V. (NASDAQ:ASML) in the fourth quarter, Holdings Channel.com reports. The firm acquired 451 shares of the semiconductor company’s stock, valued at approximately $483,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Binnacle Investments Inc boosted its holdings in shares of 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 in the last quarter. North Star Investment Management Corp. boosted its holdings in shares of 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 in the last quarter. Jessup Wealth Management Inc purchased a new position in shares of ASML in the 4th quarter worth about $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of ASML in the 4th quarter worth about $32,000. Finally, Evolution Wealth Management Inc. purchased a new position in shares of ASML in the 4th quarter worth about $33,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

More ASML News

Here are the key news stories impacting ASML this week:

• Positive Sentiment: Goldman Sachs reaffirmed its buy rating on ASML, reinforcing Wall Street confidence in the company’s long-term earnings and dominance in semiconductor lithography. ASML receives a buy rating from Goldman Sachs
• Positive Sentiment: Elon Musk’s appearance at ASML’s technology conference put the company in the spotlight and highlighted its importance to next-generation chip manufacturing plans, including Musk’s proposed Terafab project tied to Tesla and SpaceX. Ahead of SpaceX IPO, Elon Musk addresses ASML employees as part of push into chip manufacturing
• Positive Sentiment: Investor interest remains strong in ASML’s technology leadership, with commentary noting its widening moat and continued relevance in AI and advanced semiconductor manufacturing. The Competitive Threat That Never Was: ASML’s Widening Moat Boosts Stock 77% YTD
• Neutral Sentiment: ASML also drew attention from articles discussing possible chip-tool challengers such as Canon and xLight, but these reports did not show an immediate threat to ASML’s EUV leadership. Canon: Potential Challenger Of ASML’s EUV Process
• Neutral Sentiment: ASML reached a deal with unions to reduce planned job cuts, and a separate report said the cuts were delayed, which may help labor relations but is not a major near-term growth driver. ASML to slash fewer jobs after striking deal with unions

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ASML shares. Morningstar cut ASML to a “sell” rating in a report on Wednesday, May 27th. Barclays reissued an “overweight” rating on shares of ASML in a research note on Thursday, June 4th. Royal Bank Of Canada boosted their target price on ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Freedom Capital raised ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. Finally, Morgan Stanley reissued an “overweight” rating on shares of ASML in a research note on Wednesday, June 3rd. Four 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 assigned a Sell rating to the stock. According to data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $1,589.63.

ASML Trading Down 1.9%

NASDAQ ASML opened at $1,863.55 on Friday. ASML Holding N.V. has a 1-year low of $683.48 and a 1-year high of $1,903.50. 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 stock has a 50-day moving average of $1,539.82 and a 200-day moving average of $1,369.29. The firm has a market cap of $732.90 billion, a PE ratio of 66.84, a price-to-earnings-growth ratio of 1.52 and a beta of 1.82.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. The business had revenue of $10.15 billion during the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. As a group, sell-side analysts forecast 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.