Manning & Napier Advisors LLC Sells 7,845 Shares of ASML Holding N.V. $ASML

Manning & Napier Advisors LLC trimmed its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 8.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 86,911 shares of the semiconductor company’s stock after selling 7,845 shares during the period. ASML accounts for about 1.6% of Manning & Napier Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Manning & Napier Advisors LLC’s holdings in ASML were worth $114,795,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Cornerstone Financial Management LLC purchased a new stake in ASML during the fourth quarter valued at approximately $26,000. Binnacle Investments Inc grew its holdings in ASML by 78.9% in the second 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. Resources Management Corp CT ADV grew its holdings in ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 23 shares during the last quarter. North Star Investment Management Corp. increased its position in shares of ASML by 68.8% during the fourth 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. Finally, Jessup Wealth Management Inc acquired a new position in shares of ASML during the fourth quarter worth $30,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

ASML traded down $6.93 on Friday, reaching $1,797.32. 1,216,618 shares of the stock were exchanged, compared to its average volume of 1,960,671. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The company’s 50-day moving average price is $1,705.68 and its 200 day moving average price is $1,475.73. The firm has a market capitalization of $706.85 billion, a PE ratio of 64.47, a PEG ratio of 1.37 and a beta of 1.78. ASML Holding N.V. has a fifty-two week low of $683.48 and a fifty-two week high of $1,999.96.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share 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 for the quarter. As a group, sell-side analysts forecast that ASML Holding N.V. will post 36.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Sanford C. Bernstein boosted their target price on ASML from $1,971.00 to $2,623.00 and gave the stock an “outperform” rating in a research note on Monday. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a report on Monday, June 1st. JPMorgan Chase & Co. lifted their target price on shares of ASML from $1,813.00 to $2,200.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Bank of America boosted their target price on shares of ASML from $2,268.00 to $2,345.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Finally, UBS Group restated a “buy” rating on shares of ASML in a research note on Wednesday, July 1st. Three investment 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,854.12.

Key Stories Impacting ASML

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.

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.