Sumitomo Mitsui Trust Group Inc. Lowers Stock Holdings in ASML Holding N.V. $ASML

Sumitomo Mitsui Trust Group Inc. reduced its holdings in ASML Holding N.V. (NASDAQ:ASML) by 5.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,312 shares of the semiconductor company’s stock after selling 917 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in ASML were worth $21,545,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Financial Management LLC acquired a new stake in ASML in the 4th quarter valued at $26,000. Portus Wealth Advisors LLC acquired a new position in ASML during the first quarter worth $32,000. Resources Management Corp CT ADV lifted its holdings in ASML by 1,150.0% during 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. lifted its holdings in ASML by 68.8% during 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 acquired a new stake in shares of ASML in the fourth quarter valued at about $30,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Zacks Research cut shares of ASML from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Bank of America lifted their price objective on ASML from $2,268.00 to $2,345.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research note on Monday, June 1st. Susquehanna reissued a “positive” rating on shares of ASML in a report on Tuesday, June 30th. Finally, DZ Bank restated a “neutral” rating on shares of ASML in a research report on Wednesday, April 15th. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,854.12.

Key ASML News

Here are the key news stories impacting ASML this week:

• Positive Sentiment: Analysts and market previews suggest ASML may raise guidance again on strong semiconductor demand, a potential catalyst for the stock if confirmed. ASML Expected to Raise Guidance Again on Strong Semiconductor Demand — Earnings Preview
• Positive Sentiment: Pre-earnings coverage says ASML could post solid quarterly growth, with one report highlighting expectations for about 15% year-over-year EPS growth, which may support the shares. ASML is kicking off tech earnings. Here’s what to expect from Europe’s biggest semiconductor supplier.
• Positive Sentiment: Some investors view ASML’s upcoming earnings as a potential upside event that could lift the entire semiconductor sector if the company delivers a strong report. ASML Holding’s Next Earnings Report on July 15 Could Send the Stock Soaring. Here’s Why.
• Neutral Sentiment: Investors are watching for commentary on ASML’s capacity constraints, valuation, and exposure to China as the company reports earnings, but these issues could cut both ways depending on management’s outlook. Chip toolmaker ASML expected to shine light on capacity and China challenges
• Negative Sentiment: Reuters also highlights ongoing U.S. export restrictions and China-related challenges, while separate coverage noted a prototype EUV lithography machine from China, both of which could pressure sentiment if they suggest longer-term competition or slower sales growth. China rolls out 1st prototype EUV lithography machine challenging ASML

ASML Price Performance

NASDAQ:ASML opened at $1,726.04 on Tuesday. ASML Holding N.V. has a one year low of $683.48 and a one year high of $1,999.96. The stock has a market cap of $678.82 billion, a PE ratio of 61.91, a P/E/G ratio of 1.36 and a beta of 1.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. The stock has a 50 day moving average price of $1,711.42 and a 200 day moving average price of $1,483.36.

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 company had revenue of $10.15 billion for the quarter. ASML had a return on equity of 48.69% and a net margin of 27.65%. Equities research analysts expect that ASML Holding N.V. will post 36.62 EPS for the current fiscal 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.