ING Groep NV Sells 2,368 Shares of ASML Holding N.V. $ASML

ING Groep NV reduced its stake in ASML Holding N.V. (NASDAQ:ASML) by 53.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,085 shares of the semiconductor company’s stock after selling 2,368 shares during the quarter. ING Groep NV’s holdings in ASML were worth $2,231,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Binnacle Investments Inc raised its holdings in 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 during the period. North Star Investment Management Corp. raised its holdings in 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 during the period. Kohmann Bosshard Financial Services LLC bought a new stake in ASML during the fourth quarter valued at about $32,000. Evolution Wealth Management Inc. bought a new stake in ASML during the fourth quarter valued at about $33,000. Finally, JPL Wealth Management LLC bought a new stake in ASML during the third quarter valued at about $34,000. 26.07% of the stock is owned by institutional investors.

Key Headlines Impacting ASML

Here are the key news stories impacting ASML this week:

• Positive Sentiment: Bank of America raised its price target on ASML and kept a Buy rating, signaling continued confidence in the company’s outlook after its technology conference. BofA Remains Bullish on ASML Holding (ASML) – Here’s Why
• Positive Sentiment: Articles highlighting ASML as a top AI and long-term growth stock are reinforcing investor confidence that demand for its chipmaking tools remains strong. ASML Holding N.V. (ASML) Is A Top AI Stock In Billionaire Ken Fisher’s Portfolio
• Positive Sentiment: Coverage of Elon Musk’s Terafab plans and comments praising ASML as “the greatest company in Europe” have increased attention on ASML’s strategic importance to future chip manufacturing expansion. Why Elon Musk says ASML is the greatest company in Europe
• Neutral Sentiment: ASML becoming the first European public company valued above $700 billion underscores its massive market leadership, though this is more a milestone than a direct earnings catalyst. ASML becomes first European public company valued over $700B
• Neutral Sentiment: Broader semiconductor-sales optimism and bullish stock-screening pieces are keeping ASML in favor, but they mainly reflect sector momentum rather than a company-specific development. 5 Stocks to Boost Your Portfolio on Soaring Semiconductor Sales
• Negative Sentiment: Some market commentary warns that the semiconductor trade may be due for a correction after a strong run, which could create near-term volatility for ASML. Semiconductor Index Outlook: Upside Target Reached, Correction Underway
• Negative Sentiment: Reports that Chinese firms are developing alternative chip technologies without ASML equipment may raise long-term competitive concerns for the company’s monopoly-like position in advanced lithography. Chinese start-up claims nanoimprint tech can mass-produce optical chips without ASML gear

ASML Trading Up 1.6%

Shares of ASML stock opened at $1,777.77 on Wednesday. ASML Holding N.V. has a 1 year low of $683.48 and a 1 year high of $1,831.11. 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 stock’s 50 day simple moving average is $1,508.57 and its two-hundred day simple moving average is $1,353.94. The company has a market cap of $699.16 billion, a PE ratio of 63.77, a price-to-earnings-growth ratio of 1.40 and a beta of 1.82.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (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 for the quarter. Research analysts predict that ASML Holding N.V. will post 36.93 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ASML. JPMorgan Chase & Co. lifted their target price on ASML from $1,813.00 to $2,200.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Barclays reaffirmed an “overweight” rating on shares of ASML in a report on Thursday, June 4th. Citigroup reaffirmed a “buy” rating on shares of ASML in a report on Thursday, April 16th. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a report on Friday, May 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of ASML in a report on Wednesday, June 3rd. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,589.63.

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.